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- Total Questions: 70
- Updated on: Oct 19, 2026
- Price: $59.00
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- Total Questions: 70
- Updated on: Oct 19, 2026
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REG PDF Practice Q&A's
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- Total Questions: 70
- Updated on: Oct 19, 2026
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A AICPA credential still carries serious weight with hiring managers in 2026, and AICPA CPA Regulation is one of the most direct ways to earn one. Prepare with the 70 expert-verified REG practice questions from Lead1Pass and walk into the test center knowing what to expect.
AICPA REG Exam Overview:
| Certification Vendor: | American Institute of Certified Public Accountants (AICPA) |
|---|---|
| Exam Name: | Taxation and Regulation (REG) |
| Exam Number: | REG |
| Exam Duration: | 240 minutes |
| Available Languages: | English |
| Exam Price: | Varies by jurisdiction (national section fee example ~USD 359 before local fees) |
| Related Certifications: | CPA Financial Accounting and Reporting (FAR) CPA Information Systems and Controls (ISC) CPA Business Analysis and Reporting (BAR) CPA Tax Compliance and Planning (TCP) CPA Auditing and Attestation (AUD) |
| Passing Score: | 75 (scaled score on a 0–99 scale) |
| Real Exam Qty: | 72 multiple-choice questions (MCQs) + 8 task-based simulations (TBSs) |
| Certificate Validity Period: | Not applicable (CPA Exam scores valid 30 months toward full CPA license completion) |
| Exam Format: | Multiple-Choice Questions (MCQs), Task-Based Simulations (TBSs) |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based testing at Prometric testing centers or international testing sites |
| Pre Condition: | Meet applicable state board of accountancy eligibility requirements (education and application process) and receive Authorization to Test (ATT). |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/article/learn-what-is-tested-on-the-cpa-exam |
AICPA REG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Law | 15-25% | - Business structures and federal business regulations - Legal duties and responsibilities in business transactions - Agency, contracts, and debtor-creditor relationships |
| Topic 2: Federal Taxation of Individuals | 22-32% | - Individual taxable income and tax compliance - Tax filing requirements and procedures - Adjustments, deductions, exemptions and credits |
| Topic 3: Federal Taxation of Property Transactions | 5-15% | - Basis, cost recovery (depreciation and amortization) - Gains and losses on disposition of assets |
| Topic 4: Ethics, Professional Responsibilities and Federal Tax Procedures | 10-20% | - Licensing and disciplinary systems for CPA practice - Ethics and responsibilities in tax practice (Treasury Department Circular 230) - Federal tax procedures, disclosures, penalties, and appeals |
| Topic 5: Federal Taxation of Entities | 23-33% | - Tax compliance for corporations, partnerships, LLCs, and S corporations - Entity-level tax planning and reporting requirements |
Common Questions About the AICPA REG Exam
The REG exam is the official AICPA exam behind AICPA CPA Regulation — passing it earns you the AICPA Certification certification, a credential positioned at the Core Section of CPA Exam level. It is built for candidates who want to validate the skills measured by AICPA CPA Regulation. Depending on your track, the exam is also linked to the CPA Auditing and Attestation (AUD), CPA Financial Accounting and Reporting (FAR), CPA Business Analysis and Reporting (BAR), CPA Information Systems and Controls (ISC) and CPA Tax Compliance and Planning (TCP) certifications, so one pass can move you toward more than one AICPA credential.
The REG exam presents 72 multiple-choice questions (MCQs) + 8 task-based simulations (TBSs) questions to be completed within 240 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the Lead1Pass desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.
To pass the REG exam you need 75 (scaled score on a 0–99 scale), and the official registration fee is Varies by jurisdiction (national section fee example ~USD 359 before local fees). Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed Lead1Pass practice tests, your budget is far better spent on the exam itself than on a retake.
Meet applicable state board of accountancy eligibility requirements (education and application process) and receive Authorization to Test (ATT). Because AICPA revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official AICPA exam page before you register.
Yes. A free PDF demo of the REG practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever AICPA adjusts the AICPA CPA Regulation blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.
Lead1Pass backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.
Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.
The AICPA CPA Regulation syllabus is organized into 5 domains. Among the headline areas are Federal Taxation of Entities (23-33%), Federal Taxation of Property Transactions (5-15%), Business Law (15-25%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the Lead1Pass REG practice questions so nothing on the blueprint catches you off guard.
AICPA CPA Regulation Sample Questions:
Fred Berk bought a plot of land with a cash payment of $40,000 and a mortgage of $50,000. In addition,
Berk paid $200 for a title insurance policy. Berk's basis in this land is:
- A. $40,000
- B. $90,200
- C. $40,200
- D. $90,000
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Which of the following statements is the best definition of real property?
- A. Real property is land and intangible property in realized form.
- B. Real property is all tangible property including land.
- C. Real property is only land.
- D. Real property is land and everything permanently attached to it.
Correct Answer: D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Cobb, an unmarried individual, had an adjusted gross income of $200,000 in 1990 before any IRA
deduction, taxable social security benefits, or passive activity losses. Cobb incurred a loss of $30,000 in
1 990 from rental real estate in which he actively participated. What amount of loss attributable to this
rental real estate can be used in 1990 as an offset against income from nonpassive sources?
- A. $30,000
- B. $0
- C. $25,000
- D. $12,500
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Hall, a divorced person and custodian of her 12-year old child, filed her 1990 federal income tax return as
head of a household. She submitted the following information to the CPA who prepared her 1990 return:
. The divorce agreement, executed in 1983, provides for Hall to receive $3,000 per month, of which $600
is designated as child support. After the child reaches 18, the monthly payments are to be reduced to
$ 2,400 and are to continue until remarriage or death. However, for the year 1990, Hall received a total of
only $5,000 from her former husband. Hall paid an attorney $2,000 in 1990 in a suit to collect the alimony
owed.
. In June 1990, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which
she bought in 1970, was $4,000, and market value on the date of the gift was $3,000. Hall sold this stock
in July 1990 for $3,500. The donor paid no gift tax.
. During 1990, Hall spent a total of $1,000 for state lottery tickets. Her lottery winnings in 1990 totaled
$ 200.
. Hall earned a salary of $25,000 in 1990. Hall was not covered by any type of retirement plan, but
contributed $2,000 to an IRA in 1990.
. In 1990, Hall sold an antique that she bought in 1980 to display in her home. Hall paid $800 for the
antique and sold it for $1,400, using the proceeds to pay a court-ordered judgment.
. Hall paid the following expenses in 1990 pertaining to the home that she owns: realty taxes, $3,400;
mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer
system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used
for home improvements. Hall does not rent out any portion of the home.
What amount should be reported in Hall's 1990 return as alimony income?
- A. $28,800
- B. $5,000
- C. $0
- D. $36,000
Correct Answer: C 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Which payment(s) is(are) included in a recipient's gross income?
I. Payment to a graduate assistant for a part-time teaching assignment at a university. Teaching is not a
requirement toward obtaining the degree.
II. A grant to a Ph.D. candidate for his participation in a university-sponsored research project for the
benefit of the university.
- A. Both I and II.
- B. I only.
- C. II only.
- D. Neither I nor II.
Correct Answer: A 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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