AICPA CPA-REG : CPA Regulation exam DumpsExam Dumps Organized by Martin Hoax |
CPA-REG Test Center Questions : Download 100% Free CPA-REG test questions (PDF and VCE)
Exam Number : CPA-REG
Exam Name : CPA Regulation
Vendor Name : AICPA
Update : Click Here to Check Latest Update
Question Bank : Check Questions
A very easy way to pass AICPA CPA-REG with our PDF Braindumps
Go through our CPA-REG Q&A and become certified in the CPA-REG exam. You will pass your CPA-REG exam with High Score or get your money back. We have compiled a database of CPA-REG Latest Topics from the genuine test to provide you with preparation to get ready and pass the CPA-REG exam on your first attempt. Simply install our VCE exam Simulator and get ready.
Many candidates have given testimonials of passing the CPA-REG test with the help of our Latest Topics. They are now working in great positions within their organizations. It is a fact that after using our CPA-REG Latest Questions, they have seen improvements in their knowledge and skills. They can confidently work as experts in their respective fields. Our focus is not just on passing the CPA-REG test with our braindumps, but also on improving our candidates' understanding of CPA-REG goals and objectives. This is how individuals become successful in their careers.
If you are looking to pass the AICPA CPA-REG test to get a job or advance your current position within your organization, then you should register at killexams.com. Our team of experts collects genuine CPA-REG test questions at killexams.com. You will receive CPA Regulation test questions to ensure that you pass the CPA-REG test. Every time you log in to your account, you will be able to download updated CPA-REG test questions. While there are many organizations that offer CPA-REG Exam dumps, only valid and up-to-date 2024 CPA-REG Exam Questions are significant. Be careful relying solely on Free Dumps found on the internet, as you may fail the test. Therefore, paying a small fee for killexams CPA-REG genuine questions is a smart choice to avoid significant test expenses.
Content area allocation Weight
I. Ethics, Professional Responsibilities and Federal Tax Procedures 10–20%
II. Business Law 10–20%
III. Federal Taxation of Property Transactions 12–22%
IV. Federal Taxation of Individuals 15–25%
V. Federal Taxation of Entities 28–38%
minutes — Welcome/enter launch code
5 minutes — Confidentiality/section information
4 hours — Testing time
15 minutes — Break after third testlet (option to pause exam timer)
5 minutes — Survey
Each of the four exam sections is broken down into five smaller sections called testlets. These testlets feature multiple-choice questions (MCQs) and task-based simulations (TBSs). In the case of BEC, you also have to complete three written communication tasks. The number of MCQs and TBSs tested varies depending upon the specific section taken. You will receive at least one research question (research-oriented TBS) in the AUD, FAR and REG sections. To complete them, you will have to search the related authoritative literature and find an appropriate reference.
The REG section blueprint is organized by content AREA, content GROUP
and content TOPIC. Each subject includes one or more representative TASKS
that a newly licensed CPA may be expected to complete when performing tax
preparation services, tax advisory services or other responsibilities of a CPA.
The tasks in the blueprint are representative. They are not intended to be (nor
should they be viewed as) an all-inclusive list of tasks that may be tested in the
REG section of the Exam. Additionally, it should be noted that the number of
tasks associated with a particular content group or subject is not indicative of the
extent such content group, subject or related skill level will be assessed on the
Exam. Similarly, examples provided within the task statements should not be
viewed as all-inclusive.
Area I Ethics, Professional Responsibilities and
Federal Tax Procedures 10–20%
Area II Business Law 10–20%
Area III Federal Taxation of Property Transactions 12–22%
Area IV Federal Taxation of Individuals 15-25%
Area V Federal Taxation of Entities 28-38%
Overview of content areas
Area I of the REG section blueprint covers several topics, including the following:
• Ethics and Responsibilities in Tax Practice – Requirements based on Treasury
Department Circular 230 and the rules and regulations for tax return preparers
• Licensing and Disciplinary Systems – Requirements of state boards of
accountancy to obtain and maintain the CPA license
• Federal Tax Procedures – Understanding federal tax processes and
procedures, including appropriate disclosures, substantiation, penalties and
authoritative hierarchy
• Legal Duties and Responsibilities – Understanding legal issues that affect
the CPA and his or her practice
Area II of the REG section blueprint covers several Topics of Business Law,
including the following:
• Knowledge and understanding of the legal implications of business
transactions, particularly as they relate to accounting, auditing and financial
reporting.
• Areas of agency, contracts, debtor-creditor relationships, government
regulation of business, and business structure.
- The Uniform Commercial Code under the Topics of contracts and
debtor-creditor relationships.
- Nontax-related business structure content. Area V of the REG section
blueprint covers the tax-related issues of the various business structures.
• Federal and widely adopted uniform state laws and references as identified
in References below.
Area III, Area IV and Area V of the REG section blueprint cover various topics
of federal income taxation and gift and estate tax. Accounting methods and
periods, and tax elections are included in the Areas listed below:
• Area III covers the federal income taxation of property transactions. Area III
also covers Topics related to federal estate and gift taxation.
• Area IV covers the federal income taxation of individuals from both a tax
preparation and tax planning perspective.
• Area V covers the federal income taxation of entities including sole
proprietorships, partnerships, limited liability companies, C corporations,
S corporations, joint ventures, trusts, estates and tax-exempt organizations,
from both a tax preparation and tax planning perspective.
Section assumptions
The REG section of the exam includes multiple-choice questions,
task-based simulations and research prompts. Candidates should assume
that the information provided in each question is material and should apply
all stated assumptions. To the extent a question addresses a subject that could
have different tax treatments based on timing (e.g., alimony arrangements
or net operating losses), it will include a clear indication of the timing (e.g.,
use of real dates) so that the candidates can determine the appropriate
portions of the Internal Revenue Code or Treasury Regulations to apply to
Remembering and understanding is mainly concentrated in Area I and Area II.
These two areas contain the general ethics, professional responsibilities and
business law knowledge that is required for newly licensed CPAs and is tested
at the lower end of the skill level continuum.
• Application and analysis skills are primarily tested in Areas III, IV and V. These
three areas contain more of the day-to-day tasks that newly licensed CPAs are
expected to perform and therefore are tested at the higher end of the skill level
continuum.
The representative tasks combine both the applicable content knowledge and
the skills required in the context of the work that a newly licensed CPA would
reasonably be expected to perform. The REG section does not test any content at
the Evaluation skill level as newly licensed CPAs are not expected to demonstrate
that level of skill in regards to the REG content.
1. Regulations
governing
practice
before the Internal Revenue Service
Recall the regulations governing practice before the Internal Revenue Service.
Apply the regulations governing practice before the Internal Revenue Service given a specific scenario.
2. Internal Revenue
Code and
Regulations
related
to tax return
preparers
Recall who is a tax return preparer.
Recall situations that would result in federal tax return preparer penalties.
Apply potential federal tax return preparer penalties given a specific scenario.
B. Licensing and disciplinary systems
Understand and explain the role and authority of state boards of accountancy.
C. Federal tax procedures
1. Audits, appeals
and judicial
process
Explain the audit and appeals process as it relates to federal tax matters.
Explain the different levels of the judicial process as they relate to federal tax matters.
Identify options available to a taxpayer within the audit and appeals process given a specific
scenario.
Identify options available to a taxpayer within the judicial process given a specific scenario.
2. Substantiation
and disclosure
of tax positions
Summarize the requirements for the appropriate disclosure of a federal tax return
position.
Identify situations in which disclosure of federal tax return positions is required.
Identify whether substantiation is sufficient given a specific scenario.
3. Taxpayer penalties Recall situations that would result in taxpayer penalties relating to federal tax returns.
Calculate taxpayer penalties relating to federal tax returns.
4. Authoritative
hierarchy
Recall the appropriate hierarchy of authority for federal tax purposes.
D. Legal duties and responsibilities
1. Common law
duties and
liabilities to
clients and third
parties
Summarize the tax return preparers common law duties and liabilities to clients and
third parties.
Identify situations which result in violations of the tax return preparers common law duties
and liabilities to clients and third parties.
2. Privileged
communications,
confidentiality
and privacy acts
Summarize the rules regarding privileged communications as they relate to tax practice.
Identify situations in which communications regarding tax practice are considered
privileged.
1. Authority of agents
and principals Recall the types of agent authority.
Identify whether an agency relationship exists given a specific scenario.
2. Duties and
liabilities of agents
and principals
Explain the various duties and liabilities of agents and principals.
Identify the duty or liability of an agent or principal given a specific scenario.
B. Contracts
1. Formation Summarize the elements of contract formation between parties.
Identify whether a valid contract was formed given a specific scenario.
Identify different types of contracts (e.g., written, verbal, unilateral, express and implied)
given a specific scenario.
2. Performance Explain the rules related to the fulfillment of performance obligations necessary for an
executed contract.
Identify whether both parties to a contract have fulfilled their performance obligation given
a specific scenario.
3. Discharge, breach
and remedies
Explain the different ways in which a contract can be discharged (e.g., performance,
agreement and operation of the law).
Summarize the different remedies available to a party for breach of contract.
Identify situations involving breach of contract.
Identify whether a contract has been discharged given a specific scenario.
Identify the remedy available to a party for breach of contract given a specific scenario.
C. Debtor-creditor relationships
1. Rights, duties
and liabilities of
debtors,
creditors
and guarantors
Explain the rights, duties and liabilities of debtors, creditors and guarantors.
Identify rights, duties or liabilities of debtors, creditors or guarantors given a specific
scenario.
2. Bankruptcy and
insolvency
Explain the rights of the debtors and the creditors in bankruptcy and insolvency.
Summarize the rules related to the different types of bankruptcy.
Explain discharge of indebtedness in bankruptcy.
Identify the rights of the debtors and the creditors in bankruptcy and insolvency given a
specific scenario.
Identify the type of bankruptcy described in a specific scenario.
3. Secured
transactions
Explain how property can serve as collateral in secured transactions.
Summarize the priority rules of secured transactions.
Explain the requirements needed to create and perfect a security interest.
Identify the prioritized ordering of perfected security interests given a specific scenario.
Identify whether a creditor has created and perfected a security interest given a
specific scenario.
D. Government regulation of business
1. Federal securities
regulation
Summarize the various securities laws and regulations that affect corporate governance
with respect to the federal Securities Act of 1933 and federal Securities Exchange Act
of 1934.
Identify violations of the various securities laws and regulations that affect corporate
governance with respect to the federal Securities Act of 1933 and federal Securities
Exchange Act of 1934.
2. Other federal
laws and
regulations
(e.g., employment
tax, qualified health
plans and worker
classification)
Summarize federal laws and regulations, for example, employment tax, qualified health plans
and worker classification federal laws and regulations.
Identify violations of federal laws and regulations, for example, employment tax, qualified
health plans and worker classification federal laws and regulations.
1. Selection and
formation of
business entity
and related
operation
and termination
Summarize the processes for formation and termination of various business entities.
Summarize the non-tax operational features for various business entities.
Identify the type of business entity that is best described by a given set of
nontax-related characteristics.
2. Rights, duties,
legal obligations
and authority
of owners and
management
Summarize the rights, duties, legal obligations and authority of owners and management.
Identify the rights, duties, legal obligations or authorities of owners or management given a
specific scenario.
1. Basis and holding
period of assets
Calculate the tax basis of an asset.
Determine the holding period of a disposed asset for classification of tax gain or loss.
2. Taxable and
nontaxable
dispositions
Calculate the realized and recognized gain or loss on the disposition of assets for federal income
tax purposes.
Calculate the realized gain, recognized gain and deferred gain on like-kind property exchange
transactions for federal income tax purposes.
Analyze asset sale and exchange transactions to determine whether they are taxable or
nontaxable.
3. Amount and
character of gains
and losses, and
netting process
(including
installment sales)
Calculate the amount of capital gains and losses for federal income tax purposes.
Calculate the amount of ordinary income and loss for federal income tax purposes.
Calculate the amount of gain on an installment sale for federal income tax purposes.
Review asset transactions to determine the character (capital vs. ordinary) of the gain or
loss for federal income tax purposes.
Analyze an agreement of sale of an asset to determine whether it qualifies for installment
sale treatment for federal income tax purposes.
4. Related party
transactions
(including imputed
interest)
Recall related parties for federal income tax purposes.
Recall the impact of related party ownership percentages on acquisition and disposition
transactions of property for federal income tax purposes.
Calculate the direct and indirect ownership percentages of corporation stock or partnership
interests to determine whether there are related parties for federal income tax purposes.
Calculate a taxpayers basis in an asset that was disposed of at a loss to the taxpayer by a
related party.
Calculate a taxpayers gain or loss on a subsequent disposition of an asset to an unrelated
third party that was previously disposed of at a loss to the taxpayer by a related party.
Calculate the impact of imputed interest on related party transactions for federal
tax purposes.
B. Cost recovery (depreciation, depletion and amortization)
Calculate tax depreciation for tangible business property and tax amortization of intangible
assets.
Calculate depletion for federal income tax purposes.
Compare the tax benefits of the different expensing options for tax depreciation for federal
income tax purposes.
Reconcile the activity in the beginning and ending accumulated tax depreciation account.
1. Transfers subject
to gift tax Recall transfers of property subject to federal gift tax.
Recall whether federal Form 709 — United States Gift (and Generation-Skipping Transfer)
Tax Return is required to be filed.
Calculate the amount and classification of a gift for federal gift tax purposes.
Calculate the amount of a gift subject to federal gift tax.
2. Gift tax annual
exclusion and gift
tax deductions
Recall allowable gift tax deductions and exclusions for federal gift tax purposes.
Recall situations involving the gift tax annual exclusion, gift-splitting and the impact on
the use of the lifetime exclusion amount for federal gift tax purposes.
Compute the amount of taxable gifts for federal gift tax purposes.
3. Determination
of taxable estate
Recall assets includible in a decedents gross estate for federal estate tax purposes.
Recall allowable estate tax deductions for federal estate tax purposes.
Calculate the taxable estate for federal estate tax purposes.
Calculate the gross estate for federal estate tax purposes.
Calculate the allowable estate tax deductions for federal estate tax purposes
Calculate the amounts that should be included in, or excluded from, an individuals gross
income as reported on federal Form 1040 — U.S. Individual Income Tax Return.
Analyze projected income for use in tax planning in future years.
Analyze client-provided documentation to determine the appropriate amount of gross
income to be reported on federal Form 1040 — U.S. Individual Income Tax Return.
B. Reporting of items from pass-through entities
Prepare federal Form 1040 — U.S. Individual Income Tax Return based on the information
provided on Schedule K-1.
C. Adjustments and deductions to arrive at adjusted gross income and taxable income
Calculate the amount of adjustments and deductions to arrive at adjusted gross income
and taxable income on federal Form 1040 — U.S. Individual Income Tax Return.
Calculate the qualifying business income (QBI) deduction for federal income tax purposes.
Analyze client-provided documentation to determine the validity of the deductions
taken to arrive at adjusted gross income or taxable income on federal Form 1040 — U.S.
Individual Income Tax Return.
D. Passive activity losses (excluding foreign tax credit implications)
Recall passive activities for federal income tax purposes.
Calculate net passive activity gains and losses for federal income tax purposes.
Prepare a loss carryforward schedule for passive activities for federal income tax purposes.
Calculate utilization of suspended losses on the disposition of a passive activity for
federal income tax purposes.
Uniform CPA exam Blueprints: Regulation (REG) REG16
Regulation (REG)
Area IV – Federal Taxation of Individuals
Very comprehensive and authentic Q&A of CPA-REG exam.
Thanks to killexams.com, I was able to obtain my CPA-REG partner affirmation. Their study materials and exam simulator were incredibly useful in preparing me for the exam. I found that the Topics were easy to understand and learn with the help of their resources. Even the exam itself, which I found unpredictable, was manageable thanks to killexams.com's Questions and Answers. I was well-prepared and encountered no unpleasant surprises during the exam.
It is great idea to read CPA-REG exam with latest dumps.
Thanks to the killexams.com team, I was able to attempt their CPA-REG exam questions and got a hundred percent marks. It was the first time that I used their guidance material, and I appreciate their team's effort.
I feel very assured by making ready CPA-REG braindumps.
The bundle of killexams.com Q&A provided me with an awesome result. The questions were correct, and I was able to answer most of them during the exam. After passing, I recommended killexams.com to my colleagues, and they also passed their exams with ease. I have not heard a single negative review of Killexams, which makes it the best IT training you can find online.
Simply attempted once and i'm satisfied.
I am writing this to express my gratitude to killexams.com for helping me pass the CPA-REG exam with a score of 96%. The test monetary team series they provided was exceptional, offering an online exam experience and clear explanations for every question in easy-to-understand language. I am more than satisfied with my decision to use their exam series, and I recommend it to anyone looking to pass their exams with ease.
Feeling difficulty in passing CPA-REG exam? Q&A bank is here.
The test material for the CPA-REG exam was well-presented, and I was able to prepare internally in a brief time with the help of killexams.com's questions and answers. Thanks to their guide, I was able to score 88%.
Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets concerning test questions update and validity. The vast majority of other's sham report dissension customers come to us for the brain dumps and pass their exams joyfully and effortlessly. We never trade off on our review, reputation and quality on the grounds that killexams review, killexams reputation and killexams customer certainty is imperative to us. Uniquely we deal with killexams.com review, killexams.com reputation, killexams.com sham report objection, killexams.com trust, killexams.com validity, killexams.com report and killexams.com scam. On the off chance that you see any false report posted by our rivals with the name killexams sham report grievance web, killexams.com sham report, killexams.com scam, killexams.com protest or something like this, simply remember there are constantly awful individuals harming reputation of good administrations because of their advantages. There are a huge number of fulfilled clients that pass their exams utilizing killexams.com brain dumps, killexams PDF questions, killexams hone questions, killexams exam simulator. Visit Killexams.com, our specimen questions and test brain dumps, our exam simulator and you will realize that killexams.com is the best brain dumps site.
Which is the best dumps website?
Of course, Killexams is 100% legit and fully dependable. There are several functions that makes killexams.com genuine and authentic. It provides knowledgeable and 100% valid test questions that contain real exams questions and answers. Price is minimal as compared to almost all the services online. The Q&A are up-to-date on usual basis along with most accurate brain dumps. Killexams account setup and supplement delivery is rather fast. Record downloading is certainly unlimited and incredibly fast. Guidance is avaiable via Livechat and Netmail. These are the characteristics that makes killexams.com a robust website that come with test questions with real exams questions.
Is killexams.com test material dependable?
There are several Q&A provider in the market claiming that they provide genuine exam Questions, Braindumps, Practice Tests, Study Guides, cheat sheet and many other names, but most of them are re-sellers that do not update their contents frequently. Killexams.com is best website of Year 2024 that understands the issue candidates face when they spend their time studying obsolete contents taken from free pdf download sites or reseller sites. Thats why killexams.com update exam Q&A with the same frequency as they are updated in Real Test. test questions provided by killexams.com are Reliable, Up-to-date and validated by Certified Professionals. They maintain question bank of valid Questions that is kept up-to-date by checking update on daily basis.
If you want to Pass your exam Fast with improvement in your knowledge about latest course contents and Topics of new syllabus, We recommend to download PDF exam Questions from killexams.com and get ready for genuine exam. When you feel that you should register for Premium Version, Just choose visit killexams.com and register, you will receive your Username/Password in your Email within 5 to 10 minutes. All the future updates and changes in Q&A will be provided in your download Account. You can download Premium test questions files as many times as you want, There is no limit.
Killexams.com has provided VCE practice test Software to Practice your exam by Taking Test Frequently. It asks the Real exam Questions and Marks Your Progress. You can take test as many times as you want. There is no limit. It will make your test prep very fast and effective. When you start getting 100% Marks with complete Pool of Questions, you will be ready to take genuine Test. Go register for Test in Test Center and Enjoy your Success.
Servicenow-CIS-RC exam Braindumps | HCE-5920 practice exam | NPDA-BC questions answers | CIMAPRA19-F03-1-ENG exam prep | NCSE-Core Latest Questions | DES-1241 practice exam | CPIM-BSP exam questions | CTFA practical test | Nutanix-NCP Latest Topics | CECP brain dumps | CPCE test prep | C1000-151 PDF Dumps | 050-6201-ARCHERASC01 braindumps | CT-TAE practice questions | Salesforce-CMCAES practice exam | I10-001 free pdf | HPE0-V25 cheat sheet pdf | 301b PDF Questions | 350-701 writing test questions | JN0-223 study guide |
CPA-REG - CPA Regulation testing
CPA-REG - CPA Regulation exam Braindumps
CPA-REG - CPA Regulation techniques
CPA-REG - CPA Regulation real questions
CPA-REG - CPA Regulation techniques
CPA-REG - CPA Regulation cheat sheet
CPA-REG - CPA Regulation Practice Questions
CPA-REG - CPA Regulation information search
CPA-REG - CPA Regulation exam Questions
CPA-REG - CPA Regulation PDF Dumps
CPA-REG - CPA Regulation information hunger
CPA-REG - CPA Regulation boot camp
CPA-REG - CPA Regulation Question Bank
CPA-REG - CPA Regulation tricks
CPA-REG - CPA Regulation Test Prep
CPA-REG - CPA Regulation Dumps
CPA-REG - CPA Regulation exam Questions
CPA-REG - CPA Regulation braindumps
CPA-REG - CPA Regulation learning
CPA-REG - CPA Regulation test prep
CPA-REG - CPA Regulation information search
CPA-REG - CPA Regulation Practice Questions
CPA-REG - CPA Regulation PDF Braindumps
CPA-REG - CPA Regulation genuine Questions
CPA-REG - CPA Regulation PDF Braindumps
CPA-REG - CPA Regulation Question Bank
CPA-REG - CPA Regulation study help
CPA-REG - CPA Regulation Latest Topics
CPA-REG - CPA Regulation answers
CPA-REG - CPA Regulation Practice Test
CPA-REG - CPA Regulation PDF Download
CPA-REG - CPA Regulation techniques
CPA-REG - CPA Regulation PDF Braindumps
CPA-REG - CPA Regulation cheat sheet
CPA-REG - CPA Regulation study help
CPA-REG - CPA Regulation genuine Questions
CPA-REG - CPA Regulation braindumps
CPA-REG - CPA Regulation test prep
CPA-REG - CPA Regulation braindumps
CPA-REG - CPA Regulation syllabus
CPA-REG - CPA Regulation PDF Braindumps
CPA-REG - CPA Regulation exam
CPA-REG - CPA Regulation exam Questions
CPA-REG - CPA Regulation answers
BEC Practice Questions | CPA-AUD PDF Download | PCEP-30-01 dumps questions | ABV exam Cram | CPA-REG free pdf download | FAR real questions | PCAP-31-03 cheat sheet |
NSE5_FMG-7.0 test sample | HPE0-S59 test exam | EPPP real questions | Copado-Developer exam Cram | 2V0-31.21 test practice | PfMP pdf download | 4A0-AI1 practice exam | MA0-104 sample test questions | 2V0-51.23 brain dumps | 050-890 practice exam | S2000-022 model question | 500-651 test prep | 312-50v11 exam dumps | C1000-120 Free exam PDF | ServiceNow-CIS-HAM PDF Download | 700-805 PDF Braindumps | 050-v71x-CSESECURID Question Bank | ISEBSWTINT-001 cram | PANRE study guide | 300-725 exam Questions |
https://killexams-posting.dropmark.com/817438/23717653
http://killexams-braindumps.blogspot.com/2020/07/here-is-pass4sure-cpa-reg-exam-dumps.html
https://www.instapaper.com/read/1324031943
https://drp.mk/i/12B8p80cSM
https://sites.google.com/view/killexams-cpa-reg-questions
https://files.fm/f/fu2tbu6ma
https://youtu.be/PfKI_cliW_g
https://www.coursehero.com/file/84056490/CPA-Regulation-CPA-REGpdf/
http://feeds.feedburner.com/PreciselySameCpa-regQuestionsAsInRealTestWtf
Similar Websites :
Pass4sure Certification exam dumps
Pass4Sure exam Questions and Dumps