The CPA Regulation (REG) section goes beyond multiple-choice questions — it tests your ability to apply tax laws, ethics, and business rules to practical scenarios. This is where Task-Based Simulations (TBSs) come in, making up a significant portion of your REG score.
To help you prepare, we’ve created this complete guide of CPA REG TBSs, covering 20 exam-style simulations with step-by-step solutions. These are organized into four parts, each focusing on different areas of REG such as:
- Individual & business taxation
- Corporate tax & partnerships
- Ethics and responsibilities
- Property transactions and credits
Each simulation is explained thoroughly so you not only practice but also understand the reasoning behind each answer — a crucial skill for exam success.
CPA REG Task-Based Simulations (TBS) – Complete Set
🔹 Part 1 (Scenarios 1–5): Individual taxation, deductions, and credits.
🔹 Part 2 (Scenarios 6–10): Partnerships, AMT, and property transactions.
🔹 Part 3 (Scenarios 11–15): Ethics, passive losses, trusts, and estates.
🔹 Part 4 (Scenarios 16–20): Corporate tax, S-Corp basis, foreign tax credit, Section 179.
👉 Each part includes detailed step-by-step explanations to strengthen both your calculation accuracy and conceptual clarity.
Why Practice REG TBSs?
✅ Real exam-style practice — These simulations mirror the AICPA exam format.
✅ Step-by-step solutions — Each answer explains why it is correct.
✅ Covers all key REG topics — Taxation, ethics, business law, credits, losses, property rules.
✅ Boosts exam confidence — The more TBSs you practice, the better you’ll manage time and accuracy on exam day.
Outro (SEO Optimized)
With this complete set of CPA REG Task-Based Simulations (TBSs), you now have one of the most comprehensive practice resources available. Consistent practice with these 20+ exam-style scenarios will sharpen your skills, deepen your understanding of tax and ethics rules, and give you the confidence to excel in the CPA REG exam.
For maximum results, combine these simulations with our CPA MCQs practice sets for a well-rounded preparation strategy.
Explore our MCQs CPA FAR, REG , AUD , BAR, TCP, & ISC Master Sets
📌 Bookmark this page as your go-to REG TBS hub and return often for updates — we regularly add new simulations and exam-style questions.