Federal Laws and Regulations

Federal Rules and Regulations: A Comprehensive Overview

This course is designed for professionals with a taxation background who want to master the federal laws and regulations essential for the US CPA REG exam. You will gain in-depth knowledge of taxation rules, business law, ethics, and compliance, ensuring a strong foundation in regulatory standards.

We will begin with an overview of critical federal regulations, including the Social Security Act and the Federal Unemployment Tax Act (FUTA), and their impact on taxation and benefits. You will then explore the Federal Insurance Contributions Act (FICA) and its significance in funding Social Security and Medicare.

Moving forward, you will dive into federal tax laws and regulations, covering topics such as unemployment compensation, household employment, and tax rates. The course also includes an in-depth analysis of the Affordable Care Act (ACA), its objectives, and its role in expanding healthcare access.

We will also discuss workers’ compensation laws, the classification of employees and independent contractors, and the ethical and legal implications of bribery under the Foreign Corrupt Practices Act (FCPA). Additionally, the course covers bankruptcy laws, including Chapter 11 and Chapter 12, explaining the reorganization process, eligibility, and discharge of debts.

By the end of this course, you will have a solid understanding of the regulatory framework governing taxation, business structures, and financial compliance. This knowledge is crucial for CPA professionals navigating federal regulations in taxation and accounting.

What You’ll Learn

• Understand federal taxation rules for individuals, corporations, and partnerships
• Learn about business law, including legal structures, contracts, and agency laws
• Gain insights into ethics and professional responsibility for CPAs
• Explore bankruptcy laws and debt discharge processes
• Study the Foreign Corrupt Practices Act (FCPA) and anti-bribery provisions.