CPA TCP case studies
CPA TCP · Put your knowledge to work in context.
The CPA Tax Compliance and Planning (TCP) exam is one of the discipline sections a CPA candidate selects alongside the three core sections. It is aimed at candidates who intend to work in tax - public accounting tax practices, corporate tax departments, or advisory roles - and who want their licensure path to signal depth in tax rather than a broader, less specialized discipline. The section's blueprint is organized into four equally weighted areas: tax compliance and planning for individuals, for entities, for property transactions, and for specialized tax matters. Each carries roughly a quarter of the scored content, so no single area can be skipped. The CPA TCP case studies are 5 cases and about 2,574 words.
1S Corporation Basis, Distributions, and QBI for a Consulting Shareholder
Maya Chen, single, owns 100% of Chen Analytics Inc., an S corporation that provides data consulting-a specified service trade or business. For 2024, Chen Analytics reports ordinary business income of 180,000 and pays Maya W-2 wages of 60,000.
512 words, about 3 min2C Corporation NOL After an Ownership Change With Interest Limitation
Redwood Components Inc. is a calendar-year C corporation with a 2,000,000 net operating loss carryforward, all arising in post-2017 tax years.
488 words, about 2 min3Section 1031 Exchange With Boot, Depreciation Recapture, and a Related Party
Elena Ruiz exchanges a downtown office building for a warehouse in a qualifying §1031 exchange. The office building has a fair market value of 1,200,000, an adjusted basis of 300,000, and 500,000 of accumulated depreciation.
479 words, about 2 min4Foreign Earned Income Exclusion Versus Foreign Tax Credit for an Expatriate
Daniel Kim is a U.S. citizen and single taxpayer who was a bona fide resident of Spain for all of 2024.
585 words, about 3 min5Portability Versus a Bypass Trust: Estate Tax Savings and Lost Basis Step-Up
Robert and Linda are U.S. citizens married for 40 years and live in Florida, a common-law state.
510 words, about 3 min