S corporations on the REG CPA Exam
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S corporations is tested on the REG section of the CPA Exam as blueprint group REG.V.C, 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.C, S corporations
- Sources mapped
- 12
Which law is tested under s corporations on REG?
On the REG section, s corporations is tested against 12 sources: IRC Sec. 61 (Gross income defined); IRC Sec. 1361 (S corporation defined); IRC Sec. 1362 (Election; revocation; termination); IRC Sec. 1366 (Pass-thru of items to shareholders); IRC Sec. 1367 (Adjustments to basis of stock of shareholders, etc.); IRC Sec. 1368 (Distributions); IRC Sec. 1371 (Coordination with subchapter C); IRC Sec. 1374 (Tax imposed on certain built-in gains); IRC Sec. 1375 (Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts); IRC Sec. 1377 (Definitions and special rule); IRC Sec. 3121 (Definitions); Uniform Commercial Code.
| Source | What it covers | Also tested in |
|---|---|---|
| IRC Sec. 61 | Gross income defined | REG.II.B, REG.III.A, REG.IV.A, REG.IV.E, TCP.I.C |
| IRC Sec. 1361 | S corporation defined | REG.II.E, TCP.II.B, TCP.III.C |
| IRC Sec. 1362 | Election; revocation; termination | REG.II.E, REG.V.E, TCP.II.B, TCP.III.C |
| IRC Sec. 1366 | Pass-thru of items to shareholders | REG.IV.B, REG.IV.D, TCP.I.B, TCP.II.B, TCP.III.C |
| IRC Sec. 1367 | Adjustments to basis of stock of shareholders, etc. | REG.IV.B, TCP.II.B, TCP.III.C |
| IRC Sec. 1368 | Distributions | TCP.II.B, TCP.III.C |
| IRC Sec. 1371 | Coordination with subchapter C | Only here |
| IRC Sec. 1374 | Tax imposed on certain built-in gains | TCP.II.B, TCP.III.C |
| IRC Sec. 1375 | Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts | Only here |
| IRC Sec. 1377 | Definitions and special rule | REG.IV.B, TCP.II.B, TCP.III.C |
| IRC Sec. 3121 | Definitions | REG.II.D, TCP.III.B |
| Uniform Commercial Code | REG.II.B, REG.II.C, REG.III.A, REG.IV.A, REG.IV.E |
Is s corporations also tested outside REG?
Yes. 9 of the 12 sources behind REG.V.C are also tested in TCP: IRC Sec. 61 (Gross income defined) in TCP.I.C; IRC Sec. 1361 (S corporation defined) in TCP.II.B, TCP.III.C; IRC Sec. 1362 (Election; revocation; termination) in TCP.II.B, TCP.III.C; IRC Sec. 1366 (Pass-thru of items to shareholders) in TCP.I.B, TCP.II.B, TCP.III.C; IRC Sec. 1367 (Adjustments to basis of stock of shareholders, etc.) in TCP.II.B, TCP.III.C; IRC Sec. 1368 (Distributions) in TCP.II.B, TCP.III.C; IRC Sec. 1374 (Tax imposed on certain built-in gains) in TCP.II.B, TCP.III.C; IRC Sec. 1377 (Definitions and special rule) in TCP.II.B, TCP.III.C; IRC Sec. 3121 (Definitions) in TCP.III.B.
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 s corporations tested on the CPA Exam?
S corporations is tested on the REG section of the CPA Exam as blueprint group REG.V.C, in REG Area V, Federal Taxation of Entities (including tax preparation), which carries 23 to 33% of the section.