Chapter 2: Core U.S. Tax Frameworks

In this section

• Overview of the Internal Revenue Code (IRC) & Treasury Regulations
  Learn the essential structure, interpretation, and practical applications of the Internal Revenue Code (IRC) and Treasury Regulations for the CPA Exam. This section provides comprehensive guidelines on navigating these authoritative tax frameworks, including real-world examples, exam tips, and best practices.
• Navigating Administrative Guidance: IRS Publications & Rulings
  Discover how to effectively utilize IRS publications, revenue rulings, and revenue procedures as interpretative guides in tax law, while exploring real-world controversies and resolution tactics.
• Judicial Interpretations: Court Hierarchy & Case Precedents
  Understand how U.S. courts interpret tax law, the role of judicial precedence, and best practices for citing authority in tax positions.
• Legislative Changes & Their Impact on CPA Studies
  Explore how emerging tax legislation shapes the CPA Exam (TCP), emphasizing transitional, retroactive, and ongoing updates for optimal exam readiness.