Regulation REG Course 2025 Welcome to REG Welcome to REG – The Breezy Method REG Study Guide + Crash Course Outline REG – The Complete Breezy Study Guide REG – The Complete Breezy Crash Course Outline Ethics and responsibilities in tax practice Regulations governing practice before the Internal Revenue Service Internal Revenue Code and Regulations related to tax return preparers Licensing and disciplinary systems Licensing and disciplinary systems Federal tax procedures Audits, appeals and the judicial process Substantiation and disclosure Taxpayer penalties Authoritative hierarchy Legal duties and responsibilities Common law duties and liabilities to clients and third parties Privileged communications, confidentiality and privacy acts Agency Authority of agents and principals Duties and liabilities of agents and principals Contracts Formation Performance and discharge Breach and remedies Debtor-creditor relationships Debtor-creditor relationships Federal laws and regulations Federal laws and regulations Business structure Selection and formation of business entity Rights, duties, legal obligations and authority of owners and management Basis of assets Basis of assets Cost recovery (depreciation and amortization) Cost recovery (depreciation and amortization) Gross income (inclusions and exclusions) Gross income (inclusions and exclusions) Reporting of items from pass-through entities Reporting of items from pass-through entities Adjustments and deductions to arrive at adjusted gross income and taxable income Adjustments and deductions to arrive at adjusted gross income and taxable income Loss limitations Loss limitations Filing status Filing status Computation of tax and credits Computation of tax and credits Differences between book and tax income (loss) Differences between book and tax income (loss) C corporations Computations of taxable income, tax liability and allowable credits State and local tax issues S corporations Eligibility and election Determination of ordinary business income (loss) and separately stated items Basis of shareholder’s interest Partnerships Determination of ordinary business income (loss) and separately stated items Basis of partner’s interest Limited liability companies Limited liability companies Tax-exempt organizations Tax-exempt organizations Ethics & Responsibility in Tax Practice Accountant Regulation & Liability Tax Preparer Regulation & Liability Licensing & Disciplinary Systems Licensing & Disciplinary Systems Federal Tax Procedures Audits & Appeals Substantiation & Disclosure Taxpayer Penalties Legal Duties & Responsibilities Legal Duties & Responsibilities Business Law Authority of Agents & Principles Contracts Common Law UCC – Uniform Commercial Code Debtor Creditor Relationships Debtor Creditor Relationships Federal Laws & Regulation of Business Federal Laws & Regulation of Business Business Structures Types of Business Structures General Partnership vs Limited Partnership vs LLP vs LLC Partnerships Corporations Basis of Assets Basis of Assets Individual Taxation Overview – Individual Tax Return (Forms & Schedules) Walk Through – Individual Tax Return 1 Walk Through – Individual Tax Return 2 Filing & Cash vs Accrual Filing Status & Exemptions Statute of Limitations & 1040X Gross Income 1 Gross Income 2 Adjustments to Gross Income Deductions Credits Alternative Minimum Tax (AMT) Tax Rates & Carryover Rules Federal Securities Regulation 1933 Securities Act 1934 Securities Act & Dodd-Frank Partnership Taxation Partnership Taxation Example Partnership Basis Partnership Distributions S-Corporations S-Corporation Taxation Property Tax Transactions Corporate Property Tax Transactions Individual Property Tax Transactions Depreciation Depreciation Section 179 & 197 C-Corporations C-Corporation Taxation 1 C-Corporation Taxation 2 Bankruptcy Bankruptcy Welcome to REG Welcome to REG – The Breezy Method REG Study Guide + Crash Course Outline REG – The Complete Breezy Study Guide REG – The Complete Breezy Crash Course Outline Ethics and responsibilities in tax practice Regulations governing practice before the Internal Revenue Service Internal Revenue Code and Regulations related to tax return preparers Licensing and disciplinary systems Licensing and disciplinary systems Federal tax procedures Audits, appeals and the judicial process Substantiation and disclosure Taxpayer penalties Authoritative hierarchy Legal duties and responsibilities Common law duties and liabilities to clients and third parties Privileged communications, confidentiality and privacy acts Agency Authority of agents and principals Duties and liabilities of agents and principals Contracts Formation Performance and discharge Breach and remedies Debtor-creditor relationships Debtor-creditor relationships Federal laws and regulations Federal laws and regulations Business structure Selection and formation of business entity Rights, duties, legal obligations and authority of owners and management Basis of assets Basis of assets Cost recovery (depreciation and amortization) Cost recovery (depreciation and amortization) Gross income (inclusions and exclusions) Gross income (inclusions and exclusions) Reporting of items from pass-through entities Reporting of items from pass-through entities Adjustments and deductions to arrive at adjusted gross income and taxable income Adjustments and deductions to arrive at adjusted gross income and taxable income Loss limitations Loss limitations Filing status Filing status Computation of tax and credits Computation of tax and credits Differences between book and tax income (loss) Differences between book and tax income (loss) C corporations Computations of taxable income, tax liability and allowable credits State and local tax issues S corporations Eligibility and election Determination of ordinary business income (loss) and separately stated items Basis of shareholder’s interest Partnerships Determination of ordinary business income (loss) and separately stated items Basis of partner’s interest Limited liability companies Limited liability companies Tax-exempt organizations Tax-exempt organizations Ethics & Responsibility in Tax Practice Accountant Regulation & Liability Tax Preparer Regulation & Liability Licensing & Disciplinary Systems Licensing & Disciplinary Systems Federal Tax Procedures Audits & Appeals Substantiation & Disclosure Taxpayer Penalties Legal Duties & Responsibilities Legal Duties & Responsibilities Business Law Authority of Agents & Principles Contracts Common Law UCC – Uniform Commercial Code Debtor Creditor Relationships Debtor Creditor Relationships Federal Laws & Regulation of Business Federal Laws & Regulation of Business Business Structures Types of Business Structures General Partnership vs Limited Partnership vs LLP vs LLC Partnerships Corporations Basis of Assets Basis of Assets Individual Taxation Overview – Individual Tax Return (Forms & Schedules) Walk Through – Individual Tax Return 1 Walk Through – Individual Tax Return 2 Filing & Cash vs Accrual Filing Status & Exemptions Statute of Limitations & 1040X Gross Income 1 Gross Income 2 Adjustments to Gross Income Deductions Credits Alternative Minimum Tax (AMT) Tax Rates & Carryover Rules Federal Securities Regulation 1933 Securities Act 1934 Securities Act & Dodd-Frank Partnership Taxation Partnership Taxation Example Partnership Basis Partnership Distributions S-Corporations S-Corporation Taxation Property Tax Transactions Corporate Property Tax Transactions Individual Property Tax Transactions Depreciation Depreciation Section 179 & 197 C-Corporations C-Corporation Taxation 1 C-Corporation Taxation 2 Bankruptcy Bankruptcy
