Free CPA REG Exam Prep
AICPA CPA Exam — Regulation (REG) Core Section
Prepare for the CPA REG exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
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CPA CPA Exam License: Complete Roadmap
Follow this path to organize your licensing and exam preparation
Phase 1: Ethics, Circular 230 & Tax Procedures (Area I)You are here
Master Circular 230, AICPA SSTSs, preparer/taxpayer penalties (§§6694, 6662), IRS audit/Appeals/Tax Court procedure, and §6501 statute of limitations.
Phase 2: Business Law (Area II)
Cover contracts, UCC Article 2 sales, UCC Article 9 secured transactions, agency, partnership/LLC formation, federal securities, and employment law.
Phase 3: Property + Individual Tax (Areas III & IV)
Drill basis, §1031, depreciation recapture, §1231 netting, individual filing/AGI/deductions/credits, AMT, NIIT, and OBBBA-modified provisions.
Phase 4: Entity Tax + Practice Exams (Area V)
Lock down C corp, S corp, partnership, trust/estate, and exempt-org rules. Take timed simulated 4-hour mock exams; aim for 80%+ before sitting.
Can You Take the CPA REG Exam?
Check if you meet the basic eligibility requirements
- •Apply through your state board / NASBA
- •Pass all 4 sections within a 30-month rolling window (most states post-2024)
- •Pay AICPA exam fees plus state board fees
- •Adhere to AICPA Code of Professional Conduct
CPA REG Quick Facts
Time to Get Licensed
10-14 weeks for full-time studiers; 16-20 weeks for working candidates
From start to license in hand
Exam Provider
Prometric Test Centers (administered for AICPA / NASBA)
Retake Policy
Candidates who fail may retake REG in any subsequent test window per AICPA continuous testing rules; no waiting period required.
Total Cost Breakdown
Free CPA REG Prep Tools
Reported exam pass rate: ~63% (AICPA published 2024-2025 cumulative quarterly pass rates). Check the exam sponsor for the latest official figure.
100 REG Practice Questions
Full coverage of ethics, business law, property, individual, and entity taxation aligned to the 2026 AICPA REG Blueprint.
AI-Powered Tutor
Targeted feedback on Circular 230, §§1031/1245/1250, §351/§721, §704(b) and post-OBBBA tax provisions.
2026 OBBBA-Updated
Reflects One Big Beautiful Bill Act changes (SALT, CTC, tips/overtime, §168(k), §179, estate exclusion) testable beginning 7/1/2026.
Free Access
Practice REG before paying for AICPA review courses — start full-length sets today.
What You'll Study
20 chapters covering the exam topics in this guide
Introduction & Exam Overview
4 sections
Circular 230 and Tax Return Preparers
3 sections
Licensing, Audits, Appeals, and Disclosure
3 sections
Penalties, Hierarchy, and Legal Duties
3 sections
Agency Law
2 sections
Contracts
3 sections
Debtor-Creditor Relationships
2 sections
Employment Taxes and Worker Classification
2 sections
Bankruptcy, Health Plans, and FCPA
3 sections
Business Structure under State Law
2 sections
Basis of Tangible Assets
3 sections
Wash Sales and Intangible Basis
2 sections
Cost Recovery
3 sections
Individual Gross Income
3 sections
Pass-Through Reporting, AGI, and Deductions
4 sections
Loss Limitations and Filing Status
3 sections
Tax Computation and Credits
3 sections
C Corporations and Book-Tax Differences
4 sections
S Corporations
3 sections
Partnerships, LLCs, and Tax-Exempt Organizations
4 sections
CPA REG Exam Details
AICPA CPA Exam — Regulation (REG) Core Section
Administered by AICPA / NASBA
Exam Content Breakdown
Based on the official AICPA / NASBA content outline
Treasury Circular 230, AICPA Statements on Standards for Tax Services (SSTSs), preparer penalties (§6694), taxpayer penalties (§6662, §6663, §6651), §7525 privilege, IRS examination/Appeals/Tax Court procedure, statute of limitations (§6501), Form 2848 representation.
Contracts (formation, performance, breach, statute of frauds), UCC Article 2 (sales, firm offers, battle of forms, warranties, risk of loss), UCC Article 9 (secured transactions, attachment, perfection, priority), agency, partnership/LLC formation, federal securities (1933 Act, 1934 Act, SOX), employment law (FLSA, FICA, ADA, ADEA, Title VII, FMLA).
Basis (cost, gift §1015, inherited §1014), holding period §1223, capital gains/losses, §1231 property, depreciation recapture (§1245 ordinary, §1250 unrecaptured), like-kind exchanges §1031 (real property only post-TCJA), involuntary conversions §1033, installment sales §453, wash sales §1091, §121 home sale exclusion.
Filing status, gross income §61, exclusions (§101 life insurance, §102 gifts, §104 damages), adjustments (IRAs, SE tax half), itemized deductions (medical, SALT, mortgage interest, charitable), QBI §199A, credits (CTC §24, EITC §32, AOTC/LLC §25A), AMT, NIIT §1411, kiddie tax, OBBBA tip/overtime/SALT/CTC changes.
C corps (21% rate, formation §351, NOLs §172, DRD §243, §163(j) interest, accounting methods §448, M-1/M-3, AMT/CAMT), S corps (eligibility, basis, AAA, BIG §1374), partnerships (§721, §704(b), §752 liabilities, distributions §731, §736 retirement), trusts/estates (Form 1041, DNI), exempt orgs UBTI §511, estate/gift tax (post-OBBBA $15M exclusion), depreciation (§168 MACRS, §179, §168(k) bonus 100% post-OBBBA).
What's Included
20 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
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What's Next After the CPA REG?
After passing the CPA REG, you can pursue these career paths
CPA
Hub for the full Uniform CPA Examination — REG is one of three core sections plus your discipline.
CPA AUD
Auditing and Attestation — the second core section on professional responsibilities, audit risk, evidence, and reports.
CPA FAR
Financial Accounting and Reporting — the third core section, often considered the most content-heavy.
CPA TCP
Tax Compliance and Planning — natural discipline pairing for REG-strong candidates pursuing tax careers.
CPA REG Exam FAQ
Official AICPA / NASBA Resources
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