US CPA (Certified Public Accountant) - AICPA & NASBA

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TCP Summary Notes

https://www.linkedin.com/posts/rapariabhinav_cpaexam-caexams-eaexam-share-7470381127262912514-8B9D/?utm_source=share&utm_medium=member_android&rcm=ACoAACUn7JoBaz2UBSIC25qDa9oVFS025PQ0od0

Your dog can save you taxes! 🐕 If your dog is a guard dog for your business → dog food, vet bills, training = business deduction! But your pet dog at home? → Zero deduction ❌ Same dog. Different purpose. Completely different tax treatment. This is the golden rule of US taxation: Personal expense = never deductible Business expense = deductible The IRS doesn't care WHAT you spend on. They care WHY you spend it. 💡 Follow for daily US tax facts — simple and practical 🎯

🇺🇸 US Tax — Quick Fact Getting married changes your taxes immediately! 💍 From January 1 of your marriage year: ✅ You file as Married — even if married on December 31! ✅ Standard deduction nearly doubles ✅ Tax brackets change completely The IRS considers you married for the entire year — even if you got married on the last day! One signature on a marriage certificate = completely different tax return 📋 Follow for daily US tax insights 🎯

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⏳ 𝐔𝐒 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦 𝐃𝐮𝐫𝐚𝐭𝐢𝐨𝐧 & 𝐁𝐫𝐞𝐚𝐤𝐬 – 𝐌𝐨𝐬𝐭 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐃𝐨𝐧’𝐭 𝐊𝐧𝐨𝐰 𝐓𝐡𝐢𝐬! 📚 Planning your CPA Exam strategy? Understanding the exam timing and break structure is extremely important. 👇 ━━━━━━━━━━━━━━━ 🕒 𝐇𝐨𝐰 𝐋𝐨𝐧𝐠 𝐈𝐬 𝐓𝐡𝐞 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦? ✅ Each CPA Exam section = 4 Hours Since candidates must pass: • AUD • FAR • REG • One Discipline (BAR / TCP / ISC) 👉 Total CPA Exam testing time = 16 Hours ━━━━━━━━━━━━━━━ ☕ 𝐀𝐫𝐞 𝐁𝐫𝐞𝐚𝐤𝐬 𝐀𝐥𝐥𝐨𝐰𝐞𝐝? ✅ YES! The CPA Exam includes: 🔹 1 Standardized 15-Minute Break • Offered approximately midway through the exam • Can be accepted or skipped • ⛔ DOES NOT reduce your exam time This is the “free break” provided by the exam. ━━━━━━━━━━━━━━━ ⚠️ 𝐎𝐩𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐬 After each testlet, candidates may also take additional optional breaks. BUT 👇 ⛔ These breaks DO count against your testing time. Meaning: If you take a 10-minute optional break, you lose 10 minutes from your 4-hour timer. ━━━━━━━━━━━━━━━ 🎯 𝐒𝐦𝐚𝐫𝐭 𝐄𝐱𝐚𝐦 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 ✅ Use the FREE 15-minute break wisely ✅ Avoid unnecessary optional breaks ✅ Practice full-length mocks with timing ✅ Build stamina for 4-hour exams ✅ Don’t spend too much time on difficult MCQs ━━━━━━━━━━━━━━━ 💡 Pro Tip: The CPA Exam is not just a test of accounting knowledge. It’s also a test of: ✔️ Time management ✔️ Focus ✔️ Mental stamina ✔️ Decision-making under pressure Students who manage energy well often perform better — even with the same knowledge level. 🔥 Train like it’s a marathon, not a sprint. #USCPA #CPAExam #AICPA #FAR #AUD #REG #TCP #BAR #ISC #Accounting #Finance #CPAStudents #ExamTips #ARC

🚨 𝐈𝐌𝐏𝐎𝐑𝐓𝐀𝐍𝐓 𝐔𝐏𝐃𝐀𝐓𝐄 𝐅𝐎𝐑 𝐔𝐒 𝐂𝐏𝐀 𝐒𝐓𝐔𝐃𝐄𝐍𝐓𝐒 🚨 📚 𝐇.𝐑. 𝟏 – “𝐎𝐧𝐞 𝐁𝐢𝐠 𝐁𝐞𝐚𝐮𝐭𝐢𝐟𝐮𝐥 𝐁𝐢𝐥𝐥 𝐀𝐜𝐭” & Its Impact on the CPA Exam The AICPA Board of Examiners has officially announced the testing timeline for the major tax law changes introduced under: 🏛️ H.R. 1: One Big Beautiful Bill Act Signed into law on July 4, 2025 ━━━━━━━━━━━━━━━ 🎯 𝐖𝐡𝐢𝐜𝐡 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦 𝐒𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐀𝐫𝐞 𝐀𝐟𝐟𝐞𝐜𝐭𝐞𝐝? The law impacts: ✅ REG (Regulation) ✅ TCP (Tax Compliance & Planning) Because the Act introduces multiple tax law changes affecting the Internal Revenue Code. ━━━━━━━━━━━━━━━ 📅 𝐖𝐡𝐞𝐧 𝐖𝐢𝐥𝐥 𝐈𝐭 𝐁𝐞 𝐓𝐞𝐬𝐭𝐞𝐝? The AICPA confirmed: 👉 Provisions with effective dates in 2024 and 2025 will become testable starting: 🔥 July 1, 2026 This includes provisions effective: ✔️ On enactment date ✔️ Tax years beginning after Dec 31, 2024 ✔️ Tax years beginning after Dec 31, 2025 ✔️ Property acquired after Jan 19, 2025 ━━━━━━━━━━━━━━━ ⚠️ 𝐖𝐡𝐚𝐭 𝐀𝐛𝐨𝐮𝐭 𝐎𝐭𝐡𝐞𝐫 𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐬? For provisions with later effective dates: 📌 They become eligible for testing in the calendar quarter beginning 6 months after the provision’s effective date. ━━━━━━━━━━━━━━━ 📌 𝐕𝐞𝐫𝐲 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐟𝐨𝐫 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 The AICPA also clarified: ✅ Tax provisions originally scheduled to sunset in 2025 will CONTINUE to be testable through: 📅 June 30, 2026 Meaning: 👉 Existing rules are still relevant for current REG/TCP preparation. ━━━━━━━━━━━━━━━ 💡 𝐖𝐡𝐲 𝐃𝐢𝐝 𝐀𝐈𝐂𝐏𝐀 𝐃𝐞𝐥𝐚𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠? Normally, CPA Exam changes happen relatively quickly after new pronouncements. However, the AICPA intentionally delayed implementation to: ✔️ Give candidates sufficient preparation time ✔️ Allow review providers to update materials ✔️ Reduce confusion during transition ━━━━━━━━━━━━━━━ 🎓 𝐖𝐡𝐚𝐭 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐒𝐡𝐨𝐮𝐥𝐝 𝐃𝐨 𝐍𝐨𝐰 ✅ If taking REG/TCP before July 2026: Focus mainly on CURRENT tested rules. ✅ If your exam is after July 2026: Be prepared for significant tax law updates. ✅ Always follow: • AICPA announcements • Blueprint updates • Becker/UWorld/Gleim/NINJA updates ━━━━━━━━━━━━━━━ 📚 CPA isn’t just about memorizing rules. It’s about adapting to changing laws like a real tax professional. And this announcement proves one thing clearly: 🔥 Tax law never stays still. #USCPA #CPAExam #REG #TCP #AICPA #Taxation #Accounting #CPAStudents #Finance #TaxLaw #OneBigBeautifulBillAct #ARC

Actual exam TBS FAR Section (CPA Examination - Retired)

🏆 𝐄𝐥𝐢𝐣𝐚𝐡 𝐖𝐚𝐭𝐭 𝐒𝐞𝐥𝐥𝐬 𝐀𝐰𝐚𝐫𝐝 — The Highest Academic Honor in the US CPA Journey 🇺🇸📚 Every year, only a very small percentage of CPA candidates achieve something extraordinary… ✨ The prestigious 𝐄𝐥𝐢𝐣𝐚𝐡 𝐖𝐚𝐭𝐭 𝐒𝐞𝐥𝐥𝐬 𝐀𝐰𝐚𝐫𝐝 ━━━━━━━━━━━━━━━ 👤 𝐖𝐡𝐨 𝐰𝐚𝐬 𝐄𝐥𝐢𝐣𝐚𝐡 𝐖𝐚𝐭𝐭 𝐒𝐞𝐥𝐥𝐬? The award is named after Elijah Watt Sells, one of the first CPAs in the United States and a major contributor to the development of the accounting profession and the AICPA. Since 1923, the AICPA has recognized top-performing CPA candidates with this prestigious award. ━━━━━━━━━━━━━━━ 🎯 𝐖𝐡𝐚𝐭 𝐃𝐨 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐖𝐢𝐧 𝐈𝐭? To qualify, a candidate must: ✅ Pass all 4 CPA Exam sections: • AUD • FAR • REG • One Discipline (BAR / ISC / TCP) ✅ Pass ALL sections on the FIRST ATTEMPT ⚠️ Even ONE failed attempt disqualifies eligibility. ✅ Obtain a cumulative average score of: 🏆 Above 95.50 Yes… not 75. Not 85. Not even 90. 👉 You need an average ABOVE 95.5 across all sections. ━━━━━━━━━━━━━━━ 📊 𝐓𝐡𝐢𝐧𝐤 𝐀𝐛𝐨𝐮𝐭 𝐇𝐨𝐰 𝐂𝐫𝐚𝐳𝐲 𝐓𝐡𝐚𝐭 𝐈𝐬… The CPA Exam itself is considered one of the toughest professional exams globally. And to earn this award, candidates must: ✔️ Master concepts deeply ✔️ Maintain consistency across all papers ✔️ Avoid burnout ✔️ Handle simulations exceptionally well ✔️ Perform under extreme pressure This is not luck. This is elite-level preparation + discipline. ━━━━━━━━━━━━━━━ 📩 𝐃𝐨 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐀𝐩𝐩𝐥𝐲? ❌ No application required. If eligible, the AICPA contacts candidates directly in the following spring after completion of testing. ━━━━━━━━━━━━━━━ 💡 𝐁𝐢𝐠 𝐋𝐞𝐬𝐬𝐨𝐧 𝐟𝐨𝐫 𝐂𝐏𝐀 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 Even if your goal isn’t the Elijah Watt Sells Award… The mindset behind it matters: ✅ Conceptual clarity ✅ Consistency ✅ Smart revision ✅ Simulation practice ✅ Exam discipline Aim for excellence. Even if you miss perfection, you’ll still land far above average. ━━━━━━━━━━━━━━━ 🔥 The CPA license already commands respect. But becoming an Elijah Watt Sells Award winner? That places you in an entirely different league. #USCPA #CPAExam #AICPA #ElijahWattSells #AccountingCareer #FinanceProfessionals #CPAJourney #FAR #AUD #REG #BAR #ISC #TCP #ARC

2026 Q1 Passing %

🎯 𝐇𝐨𝐰 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦 𝐒𝐜𝐨𝐫𝐢𝐧𝐠 𝐀𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐖𝐨𝐫𝐤𝐬 🇺🇸📚 Many CPA aspirants think: ❌ “75 means 75% correct” ❌ “Scores are curved” ❌ “Some exam windows are easier” But here’s the reality 👇 ━━━━━━━━━━━━━━━ 📌 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦 𝐏𝐚𝐬𝐬𝐢𝐧𝐠 𝐒𝐜𝐨𝐫𝐞 ✅ You need a minimum score of 𝟕𝟓 to pass any CPA Exam section. BUT… ⚠️ Your score is NOT a percentage. A score of 75 does NOT mean: 👉 You answered 75% correctly. The CPA Exam uses a scaled scoring system ranging from 0–99 ━━━━━━━━━━━━━━━ 🧠 𝐇𝐨𝐰 𝐂𝐏𝐀 𝐒𝐜𝐨𝐫𝐢𝐧𝐠 𝐖𝐨𝐫𝐤𝐬 Your total score is a weighted combination of: 📝 Multiple Choice Questions (MCQs) 📂 Task-Based Simulations (TBSs) ### 📊 Weightage 🔹 Core Sections (AUD, FAR, REG) ✅ 50% MCQs ✅ 50% TBSs 🔹 Discipline Sections (BAR, TCP) ✅ 50% MCQs ✅ 50% TBSs 🔹 ISC Section ✅ 60% MCQs ✅ 40% TBSs ━━━━━━━━━━━━━━━ ⚡ 𝐕𝐞𝐫𝐲 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: CPA Exam scores are based on: ✔️ Correct answers ✔️ Difficulty level of questions ✔️ Statistical scaling models This means: 👉 Two students can answer a different number of questions correctly and still receive similar scores. 📌 Harder questions generally carry more scoring value. ━━━━━━━━━━━━━━━ 🚫 𝐂𝐏𝐀 𝐄𝐱𝐚𝐦 𝐈𝐬 𝐍𝐎𝐓 𝐂𝐮𝐫𝐯𝐞𝐝 Many students believe: “Pass rates are low, so scoring is curved.” ❌ Wrong. The AICPA clearly states: ✅ Scores are NOT curved. ✅ The exam is NOT easier or harder in different months. If pass rates increase, it simply means: 📈 Candidates were better prepared. ━━━━━━━━━━━━━━━ 📄 𝐅𝐚𝐢𝐥𝐞𝐝 𝐚 𝐒𝐞𝐜𝐭𝐢𝐨𝐧? You’ll receive a: 📑 𝐂𝐚𝐧𝐝𝐢𝐝𝐚𝐭𝐞 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 This helps identify: 🔹 Weak areas 🔹 Performance by topic 🔹 Improvement opportunities ━━━━━━━━━━━━━━━ 💡 𝐒𝐦𝐚𝐫𝐭 𝐂𝐏𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 Students who pass consistently: ✅ Focus on concepts, not memorization ✅ Practice simulations seriously ✅ Build exam temperament ✅ Learn application, not just theory Remember: 📌 CPA is testing whether you can THINK like a professional — not just recall facts. ━━━━━━━━━━━━━━━ 🔥 Don’t chase “easy windows.” Chase: ✔️ Strong preparation ✔️ Consistency ✔️ Smart revision ✔️ Simulation practice That’s what gets the 75+. #USCPA #CPAExam #AICPA #FAR #AUD #REG #BAR #TCP #ISC #CPAJourney #AccountingCareer #FinanceStudents #ARC

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