Regulation Exam Overview

Ethics, Professional Responsibilities and Federal Tax Procedures

Ethics and Responsibilities in Tax Practice

• Internal Revenue Code and Tax Return Preparation Regulations (25 lessons)
• Interacting with the IRS: Tax Positions, Audits, Appeals and Judicial Process (8 lessons)

Federal Tax Procedures

• Common Law Duties and Liabilities to Clients and Third Parties (15 lessons)
• Business Structures (20 lessons)

Federal Taxation of Individuals

Federal Taxation of Individuals: Filing Status, Gross Income, & Adjustments

• Filing Status (12 lessons)
• Gross Income (24 lessons)
• Adjustments and Deductions to Arrive at Adjusted Gross Income and Taxable Income (18 lessons)

Federal Taxation of Individuals: Passive Activity, & Tax Credits

• Passive Activity Losses & Loss Limitations (9 lessons)
• Computation of Tax and Credits (19 lessons)

Federal Taxation of Property Transactions

Property Tax: Acquisition and Disposition of Assets

• Basis and Holding Period of Assets (12 lessons)
• Taxable and Nontaxable Dispositions (9 lessons)
• Amount and Character of Gains and Losses, and Netting Process (14 lessons)
• Related Party Transactions (11 lessons)
• Cost Recovery (9 lessons)

Trusts, Estates, Gift Tax, & Tax-Exempt Organizations

• Gift Tax and Estates (9 lessons)
• Trusts (11 lessons)
• Types of Organizations & Obtaining and Maintaining Tax-exempt Status (8 lessons)
• Unrelated Business Income (7 lessons)

Federal Taxation of Entities

C Corporations

• Corporations: Tax Treatment of Formation and Liquidation of Business Entities (11 lessons)
• Corporations: Differences Between Book and Tax Income (12 lessons)
• Corporations: Computations of Taxable Income, Tax Liability and Allowable Credits (17 lessons)
• Corporations: Net Operating Losses and Capital Loss Limitations (8 lessons)
• Corporations: Entity/Owner Transactions, Including Contributions, Loans and Distributions (11 lessons)
• Corporations: Consolidated Tax Returns (10 lessons)
• Multijurisdictional Tax Issues (12 lessons)

S Corporations

• S Corporations: Eligibility and Election (15 lessons)
• S Corporations: Calculations (13 lessons)

Partnerships

• Partnerships: Formation (19 lessons)
• Partnerships: Operations (10 lessons)
• Partnerships: Distributions & Liquidation (13 lessons)

Business Law

Agency & Contract Law

• Principals & Agents: Authority, Duties, and Liabilities (18 lessons)
• Contract Law: Formation, Performance, Discharge, Breach and Remedies (16 lessons)

Bankruptcy, Debtors & Creditors, and Secured Transactions

• Secured Transactions, Including the Rights, Duties and Liabilities of Debtors, Creditors and Guarantors (18 lessons)
• Bankruptcy and Insolvency (20 lessons)
• Federal Regulations & Programs (8 lessons)