C corporations on the REG CPA Exam
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C corporations is tested on the REG section of the CPA Exam as blueprint group REG.V.B, in REG Area V, Federal Taxation of Entities (including tax preparation), which carries 23 to 33% of the section.
- Section
- REG, Regulation
- Area
- REG.V, Federal Taxation of Entities (including tax preparation), 23 to 33% of the section
- Group
- REG.V.B, C corporations
- Sources mapped
- 23
Which law is tested under c corporations on REG?
On the REG section, c corporations is tested against 23 sources: IRC Sec. 11 (Tax imposed); IRC Sec. 170 (Charitable, etc., contributions and gifts); IRC Sec. 172 (Net operating loss deduction); IRC Sec. 243 (Dividends received by corporations); IRC Sec. 246 (Rules applying to deductions for dividends received); IRC Sec. 248 (Organizational expenditures); IRC Sec. 301 (Distributions of property); IRC Sec. 302 (Distributions in redemption of stock); IRC Sec. 311 (Taxability of corporation on distribution); IRC Sec. 316 (Dividend defined); IRC Sec. 331 (Gain or loss to shareholder in corporate liquidations); IRC Sec. 337 (Nonrecognition for property distributed to parent in complete liquidation of subsidiary); IRC Sec. 351 (Transfer to corporation controlled by transferor); IRC Sec. 357 (Assumption of liability); IRC Sec. 358 (Basis to distributees); IRC Sec. 362 (Basis to corporations); IRC Sec. 368 (Definitions relating to corporate reorganizations); IRC Sec. 448 (Limitation on use of cash method of accounting); IRC Sec. 535 (Accumulated taxable income); IRC Sec. 542 (Definition of personal holding company); IRC Sec. 1211 (Limitation on capital losses); IRC Sec. 1212 (Capital loss carrybacks and carryovers); IRC Sec. 6655 (Failure by corporation to pay estimated income tax).
| Source | What it covers | Also tested in |
|---|---|---|
| IRC Sec. 11 | Tax imposed | REG.V.A, TCP.II.A, TCP.III.B |
| IRC Sec. 170 | Charitable, etc., contributions and gifts | REG.IV.C, REG.V.A, TCP.I.D, TCP.II.A |
| IRC Sec. 172 | Net operating loss deduction | REG.IV.D, TCP.II.A, TCP.III.B |
| IRC Sec. 243 | Dividends received by corporations | REG.V.A, TCP.II.A, TCP.III.B |
| IRC Sec. 246 | Rules applying to deductions for dividends received | REG.V.A, TCP.II.A |
| IRC Sec. 248 | Organizational expenditures | REG.V.A |
| IRC Sec. 301 | Distributions of property | REG.IV.A, TCP.II.A, TCP.III.B |
| IRC Sec. 302 | Distributions in redemption of stock | TCP.III.B |
| IRC Sec. 311 | Taxability of corporation on distribution | Only here |
| IRC Sec. 316 | Dividend defined | REG.IV.A |
| IRC Sec. 331 | Gain or loss to shareholder in corporate liquidations | TCP.II.A, TCP.III.A |
| IRC Sec. 337 | Nonrecognition for property distributed to parent in complete liquidation of subsidiary | Only here |
| IRC Sec. 351 | Transfer to corporation controlled by transferor | TCP.II.A, TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C |
| IRC Sec. 357 | Assumption of liability | TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C |
| IRC Sec. 358 | Basis to distributees | TCP.III.A, TCP.IV.A, TCP.IV.C |
| IRC Sec. 362 | Basis to corporations | TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C |
| IRC Sec. 368 | Definitions relating to corporate reorganizations | TCP.II.A, TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C |
| IRC Sec. 448 | Limitation on use of cash method of accounting | Only here |
| IRC Sec. 535 | Accumulated taxable income | TCP.III.B |
| IRC Sec. 542 | Definition of personal holding company | REG.IV.D, TCP.III.B |
| IRC Sec. 1211 | Limitation on capital losses | REG.IV.D, REG.IV.F, REG.V.A, TCP.IV.B |
| IRC Sec. 1212 | Capital loss carrybacks and carryovers | REG.IV.D, TCP.II.A, TCP.IV.B |
| IRC Sec. 6655 | Failure by corporation to pay estimated income tax | TCP.II.A |
Is c corporations also tested outside REG?
Yes. 18 of the 23 sources behind REG.V.B are also tested in TCP: IRC Sec. 11 (Tax imposed) in TCP.II.A, TCP.III.B; IRC Sec. 170 (Charitable, etc., contributions and gifts) in TCP.I.D, TCP.II.A; IRC Sec. 172 (Net operating loss deduction) in TCP.II.A, TCP.III.B; IRC Sec. 243 (Dividends received by corporations) in TCP.II.A, TCP.III.B; IRC Sec. 246 (Rules applying to deductions for dividends received) in TCP.II.A; IRC Sec. 301 (Distributions of property) in TCP.II.A, TCP.III.B; IRC Sec. 302 (Distributions in redemption of stock) in TCP.III.B; IRC Sec. 331 (Gain or loss to shareholder in corporate liquidations) in TCP.II.A, TCP.III.A; IRC Sec. 351 (Transfer to corporation controlled by transferor) in TCP.II.A, TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C; IRC Sec. 357 (Assumption of liability) in TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C; IRC Sec. 358 (Basis to distributees) in TCP.III.A, TCP.IV.A, TCP.IV.C; IRC Sec. 362 (Basis to corporations) in TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C; IRC Sec. 368 (Definitions relating to corporate reorganizations) in TCP.II.A, TCP.III.A, TCP.IV.A, TCP.IV.B, TCP.IV.C; IRC Sec. 535 (Accumulated taxable income) in TCP.III.B; IRC Sec. 542 (Definition of personal holding company) in TCP.III.B; IRC Sec. 1211 (Limitation on capital losses) in TCP.IV.B; IRC Sec. 1212 (Capital loss carrybacks and carryovers) in TCP.II.A, TCP.IV.B; IRC Sec. 6655 (Failure by corporation to pay estimated income tax) in TCP.II.A.
Area, group and weight are the AICPA published blueprint. Pass rates are the AICPA published candidate pass rates for 2026 through Q2, read from AICPA & CIMA on 2026-09-30. The AICPA publishes them quarterly. Which Code sections, rules and standards each group is tested against is PocketCPA's own mapping, built from the citations in its lessons and its blind-verified questions. Section captions are the US Code's own headings, from the Legal Information Institute.
Every REG blueprint group · What is tested on REG · Which standards the CPA Exam tests
Common questions
Is c corporations tested on the CPA Exam?
C corporations is tested on the REG section of the CPA Exam as blueprint group REG.V.B, in REG Area V, Federal Taxation of Entities (including tax preparation), which carries 23 to 33% of the section.