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TCP Surgent Supplemental Course: Tax Compliance and Planning
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1. Welcome to Farhat Lectures -
2. How to Use This Course & Resources
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3. Choosing the Right CPA Discipline
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4. CPA Exam Study Tips & Common Questions
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🚀Introduce Yourself1 Topic
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🚨🚨🚨2026 AICPA Released Questions1 Topic
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💡TCP1: 1A - Individual Compliance and Tax Planning Considerations for Gross Income, AGI, Taxable Income, and Estimated Taxes44 Topics|17 Quizzes
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🎥+✏️Employee Stock Options🟢
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🎙️Employee Stock Options
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🎥+✏️Incentive Stock Options (ISO)🟢
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🎙️Incentive Stock Options (ISO)
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🎥+✏️Employee Stock Purchase Plans🟢
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🎙️Employee Stock Purchase Plans
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✏️+🎥Restricted Stock Award
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🎙️Restricted Stock Award
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🎥+✏️Imputed Interest on Below-Market-Rate Loans🟢
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🎙️Imputed Interest on Below-Market-Rate Loans
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🎥+✏️Timing of Income and Expenses🟢
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🎙️Timing of Income and Expenses
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✏️+🎥Introduction to Alternative Minimum Tax (AMT)🟢
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🎙️Introduction to Alternative Minimum Tax (AMT)
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✏️+🎥Adjustments for Alternative Minimum Tax🟢
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🎙️Adjustments for Alternative Minimum Tax
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✏️+🎥Preference for Alternative Minimum Tax (AMT)🟢
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🎙️Preference for Alternative Minimum Tax (AMT)
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✏️+🎥Alternative Minimum Tax Exemption (AMT) Explained🟢
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🎙️Alternative Minimum Tax Exemption (AMT) Explained
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🎥+✏️CPA exam Simulation/Exercise: Alternative Minimum Tax🟢
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✏️+🎥Alternative Minimum Tax | CPA Exam TCP Questions🟢
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✏️+🎥Kiddie Tax Computation🟢
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🎙️Kiddie Tax Computation
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🎥+✏️Health Savings Account | HSA 🟢
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🎙️Health Savings Account | HSA
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🎥+✏️Flexible spending accounts🟢
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🎙️Flexible spending accounts
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✏️+🎥Casualty and Theft Losses (OBBBA)🟢
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✏️+🎥Other Itemized Deductions (OBBBA)🟢
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✏️+🎥Medical Expense Deduction🟢
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✏️+🎥State and Local Deductions SALT Schedule A (OBBBA)🟢
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✏️+🎥Interest deduction on Schedule A (OBBBA)🟢
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✏️+🎥Charitable Contribution Part 1🟢
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✏️+🎥Charitable Contribution part 2🟢
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✏️+🎥Itemized deduction or standard deduction🟢
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🎙️Itemized deduction or standard deduction (TCP)
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🎥+✏️Bunching Itemized Deductions🟢
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🎙️Bunching Itemized Deductions
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✏️+🎥Failure to Pay Estimated Taxes🟢
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🎙️Failure to Pay Estimated Taxes
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🎥+✏️Year-End Tax Planning🟢
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🎙️Year-End Tax Planning
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🎥+✏️Year-End Tax Planning Example🟢
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🎥+✏️Employee Stock Options🟢
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💡TCP1: 1B - Compliance for Passive Activity and At-Risk Loss Limitations (Excluding Tax Credit Implications)8 Topics|6 Quizzes
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🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)✅ TCP CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions. Surgent6 Topics|2 Quizzes
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🎯Comprehensive Tests Including AICPA Released Questions1 Quiz
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💡TCP1: 1C - Gift Taxation Compliance and Planning7 Topics|5 Quizzes
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✏️+🎥Unified Transfer Tax System Part 1: Exclusions🟢
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🎙️Unified Transfer Tax System Part 1: Exclusions
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✏️+🎥Unified Transfer Tax System Part 2: Gift Tax🟢
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🎙️Unified Transfer Tax System Part 2: Gifts
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✏️+🎥CPA Simulations: Gift Tax🟢
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🎥+✏️Gifts of Noncash Property to Minimize the Donor's Future Estate🟢
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🎙️Gifts of Noncash Property to Minimize the Donor’s Future Estate
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✏️+🎥Unified Transfer Tax System Part 1: Exclusions🟢
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💡TCP1: 1D - Personal Financial Planning for Individuals40 Topics|17 Quizzes
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✏️+🎥Retirement Plans🟢
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🎙️Retirement Plans
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🎥+✏️Pension and Annuities🟢
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🎙️Pension and Annuities
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✏️+🎥Deduction for Individual Retirement Account | Roth IRA🟢
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🎙️Deduction for Individual Retirement Account | Roth IRA
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✏️+🎥Roth IRA🟢
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🎙️Roth IRA (new)
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✏️+🎥IRA Distributions🟢
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🎙️IRA Distributions
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✏️+🎥Minimum Required Distribution: Taxation for Qualified Pension Plans🟢
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🎙️Minimum Required Distribution: Taxation for Qualified Pension Plans
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✏️+🎥Self-Employed Retirement Plans: 401 K, SEP Plan, Keogh Plan🟢
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🎙️Self-Employed Retirement Plans
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🎥+✏️Selecting a Retirement Plan🟢
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🎙️Selecting a Retirement Plan
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🎥+✏️Risk Associated with investment options 🟢
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🎙️Risk Associated with investment options
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🎥+✏️Educational Saving Bonds Series EE Bonds🟢
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🎙️Educational Saving Bonds Series EE Bonds (TCP)
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🎥+✏️Section 529 Qualified Tuition Programs 🟢
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🎙️Section 529 Qualified Tuition Programs
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🎥+✏️Coverdell 🟢
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🎙️Coverdell
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🎥+✏️Student Loans🟢
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🎙️Student Loans
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🎥+✏️Student grants🟢
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🎙️Student grants
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🎥+✏️Insurance risk mitigation🟢
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🎙️Insurance risk mitigation
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🎥+✏️Life and Term Insurance🟢
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🎙️Life and Term Insurance
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🎥+✏️Long Term care🟢
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🎙️Long Term care
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🎥+✏️Umbrella Contract🟢
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🎙️Umbrella Contract
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🎥+✏️After-Tax Return on Investment🟢
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🎙️After-Tax Return on Investment
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🎥+✏️Planning for estates and their beneficiaries🟢
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🎙️Planning for estates and their beneficiaries
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✏️+🎥Retirement Plans🟢
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💡TCP2: 2A1 - Net Operating & Capital Loss Utilization11 Topics|3 Quizzes
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🎥+✏️Introduction to Corporate Taxation🟢
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🎙️Introduction to Corporate Taxation
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🎥+✏️NOLs - Corporations🟢
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🎙️NOLs – Corporations
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✏️+🎥Section 382 NOL Limitation🟢
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🎙️Section 382 NOL Limitation
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🎥+✏️Introduction to Capital Gain/Loss 🟢
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🎙️Introduction to Capital Gain/Loss
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🎥+✏️Capital Gains and Losses for Corporation🟢
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🎙️Capital Gains and Losses for Corporation
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✏️+🎥Example: CPA Simulation Capital Gains and Losses for Corporation 🟢
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🎥+✏️Introduction to Corporate Taxation🟢
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💡TCP2: 2A2 - Transactions Between a Shareholder and a C Corporation (Part 1)14 Topics|2 Quizzes
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🎥+✏️Introduction to Section 351🟢
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🎙️Introduction to Section 351
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🎥+✏️Section 351 Boot Received | Liability Assumed | Stock Basis🟢
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🎙️Section 351 Boot Received | Liability Assumed | Stock Basis
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🎥+✏️Section 351 Transactions Services provided🟢
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🎙️Section 351 Transactions Services provided
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🎥+✏️Corporate Basis for Services Provided by Shareholder | Section 351🟢
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🎙️Corporate Basis for Services Provided by Shareholder | Section 351
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🎥+✏️Section 351| Built In Losses🟢
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🎙️Section 351| Built In Losses (TCP)
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✏️+🎥CPA Exam Simulation Section 351🟢
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✏️+🎥Section 351 Transaction CPA Simulation🟢
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✏️+🎥Loans Between C Corporation and Shareholders🟢
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🎙️Loans Between C Corporation and Shareholders
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🎥+✏️Introduction to Section 351🟢
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💡TCP2: 2A2 - Transactions Between a Shareholder and a C Corporation (Part 2)19 Topics|5 Quizzes
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🎥+✏️Introduction to Current Earnings and Profit CEP | Accumulated Earnings and Profit AEP🟢
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🎙️Introduction to Current Earnings and Profit CEP | Accumulated Earnings and Profit AEP
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✏️+🎥CPA Simulation | CEP | AEP🟢
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🎥+✏️Partial Corporate Distribution | Current Earnings and Profit Versus Accumulated Earnings and Profit🟢
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🎙️Partial Corporate Distribution | Current Earnings and Profit Versus Accumulated Earnings and Profit
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✏️+🎥CPA Simulation | Corporate partial Distribution | Current Earnings and profit CEP Versus AEP🟢
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🎥+✏️Property Dividend Distribution🟢
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🎙️Property Dividend Distribution
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🎥+✏️Constructive Dividend🟢
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🎙️Constructive Dividend
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🎥+✏️Taxation of stock dividends Stock Splits |Stock Rights🟢
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🎙️Taxation of stock dividends Stock Splits |Stock Rights
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🎥+✏️Introduction to Stock redemptions | Dividend Section 302🟢
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🎙️Introduction to Stock redemptions | Dividend Section 302
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🎥+✏️Built-In Loss Limitation🟢
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🎥+✏️Worthless Securities | Small Business Stock section 1244 🟢
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🎙️Worthless Securities | Small Business Stock section 1244
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🎥+✏️Stock Attribution Rules | Section 318🟢
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🎙️Stock Attribution Rules | Section 318
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🎥+✏️Introduction to Current Earnings and Profit CEP | Accumulated Earnings and Profit AEP🟢
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🎯AICPA Released Questions: Section 12441 Quiz
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💡TCP2: 2A3 - Consolidated Tax Returns5 Topics|1 Quiz
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💡TCP2: 2A4 - International Tax Issues50 Topics|11 Quizzes
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✏️+🎥Introduction to Transfer Pricing + PPT Slides🟢
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🎙️Introduction to Transfer Pricing
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✏️+🎥Objective of Transfer Pricing: Performance Evaluation🟢
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🎙️Objective of Transfer Pricing: Performance Evaluation
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✏️+🎥Objective of Transfer Pricing: Cost Minimization🟢
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🎙️Objective of Transfer Pricing: Cost Minimization
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✏️+🎥Organization for Economic Cooperation and Development | OECD + PPT Slides🟢
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🎙️Organization for Economic Cooperation and Development | OECD
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✏️+🎥Internal Revenue Service & Treasury Regulation + PPT Slides🟢
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🎙️Internal Revenue Service & Treasury Regulation
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✏️+🎥Comparable Uncontrolled Price Method + PPT Slides🟢
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🎙️Comparable Uncontrollable Price Method
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✏️+🎥Cost Plus Method | Comparable Profits Method | Profit Split Method + PPT Slides 🟢
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🎙️Cost Plus Method | Comparable Profits Method | Profit Split Method
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✏️+🎥Tax Jurisdiction | Worldwide Approach | Territorial Approach + PPT Slides 🟢
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🎙️Tax Jurisdiction | Worldwide Approach | Territorial Approach
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✏️+🎥U.S Tax Treatment of Foreign Income + PPT Slides🟢
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🎙️U.S Tax Treatment of Foreign Income
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✏️+🎥Foreign Tax Credit🟢
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🎙️Foreign Tax Credit (TCP)
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✏️+🎥Participation exemption or Dividend Received Deduction 🟢
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🎙️Participation exemption or Dividend Received Deduction
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✏️+🎥Global Intangible Low Taxed Income (GILTI) + PPT Slides🟢
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🎙️Global Intangible Low Taxed Income (GILTI)
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✏️+🎥 BEAT | Base Erosion Anti Abuse Tax🟢
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🎙️BEAT | Base Erosion Anti Abuse Tax
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✏️+🎥Tax Treaties + PPT Slides🟢
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🎙️Tax Treaties (TCP)
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✏️+🎥Permanent Establishment & Branch vs Subsidiary🟢
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🎙️Permanent Establishment & Branch vs Subsidiary
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✏️+🎥Sourcing Income🟢
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🎙️Sourcing Income
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✏️+🎥Sourcing Deduction🟢
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🎙️Sourcing Deduction
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✏️+🎥Inbound Investment🟢
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🎙️Inbound Investment
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✏️+🎥Outbound Transactions 🟢
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🎙️Outbound Transactions
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✏️+🎥Controlled Foreign Corporation + PPT Slides🟢
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🎙️Controlled Foreign Corporation (TCP)
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✏️+🎥Earning of CFC Investment in US property🟢
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🎙️Earning of CFC Investment in US property
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✏️+🎥Transition Tax 🟢
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🎙️Transition Tax
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✏️+🎥Foreign Derived Intangible Income🟢
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🎙️Foreign Derived Intangible Income
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✏️+🎥Interest Charge Domestic International Sales Corporation🟢
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🎙️Interest Charge Domestic International Sales Corporation
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✏️+🎥Expatriates and Corporate Inversion🟢
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🎙️Expatriates and Corporate Inversion
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✏️+🎥Introduction to Transfer Pricing + PPT Slides🟢
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💡TCP2: 2B - S Corporations20 Topics|12 Quizzes
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✏️+🎥Introduction to S Corporation🟢
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✏️+🎥Built-In Gains Tax🟢
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🎙️Built-In Gains Tax
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✏️+🎥Passive Investment Income Tax🟢
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🎙️Passive Investment Income Tax
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✏️+🎥LIFO Recapture and Business Credit Recapture🟢
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🎙️LIFO Recapture and Business Credit Recapture
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✏️+🎥Section 351 Corporate Formation🟢
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🎥+✏️Separately and Nonseparately Stated Items🟢
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🎙️Separately and Nonseparately Stated Items
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🎥+✏️ S Corp: Fringe Benefits🟢
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🎙️S Corp: Fringe Benefits
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✏️+🎥Debt Vs Stock Basis & Losses Limitations🟢
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🎙️Debt Vs Stock Basis & Losses Limitations
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🎥+✏️Distribution from S Corporation🟢
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🎥+✏️Distribution from S Corporation: Corporate perspective🟢
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✏️+🎥Professor Farhat solving MCQs for S corporations🟢
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✏️+🎥Accumulated Adjustments Account (AAA) Simulation🟢
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🎥+✏️S Corporation Liquidation
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🎙️S Corporation Liquidation
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✏️+🎥Introduction to S Corporation🟢
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🎯Comprehensive Tests Including AICPA Released Questions3 Quizzes
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💡TCP2: 2C - Partnerships16 Topics|11 Quizzes
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🎥+✏️Introduction to Partnership🟢
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🎥+✏️Partnership: Flow Through Entity🟢
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🎙️Partnership: Flow Through Entity
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✏️+🎥Partnership Formation🟢
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🎙️Partnership Formation
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🎥+✏️Partner's Basis (Overview)🟢
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🎙️Partner’s Basis (Overview)
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✏️+🎥Example: Partner's Inside and Outside Basis 🟢
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🎥+✏️Partnership Income Allocation Form 1065 and Schedule K🟢
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🎙️Partnership Income Allocation Form 1065 and Schedule K
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🎥+✏️Guaranteed Payment in Partnership🟢
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🎥+✏️Nonliquidating Distribution from Partnership to Partners🟢
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🎙️Nonliquidating Distribution from Partnership to Partners
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🎥Proprietorship Vs. Partnership Vs. Corporation
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🎥+✏️ Liquidating Distribution from Partnership to Partners🟢
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🎙️ Liquidating Distribution from Partnership to Partners
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🎥+✏️Introduction to Partnership🟢
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🎯Comprehensive Tests Including AICPA Released Questions3 Quizzes
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💡TCP2: 2D - Trusts9 Topics|1 Quiz
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🎥+✏️Introduction to Estates and Trusts: Tax Form 1041🟢
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🎙️Introduction to Estates and Trusts: Tax Form 1041
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🎥+✏️Accounting Income in Trusts and Estates🟢
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🎙️Accounting Income in Trusts and Estates
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✏️+🎥Accounting Income for Estate and Trust Example🟢
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✏️+🎥Distributable Net Income and Income Distribution Deductions form 1041🟢
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🎙️Distributable Net Income and Income Distribution Deductions form 1041
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🎥CPA Exam Questions: Trust
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🎙️Tax law Hierarchy
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🎥+✏️Introduction to Estates and Trusts: Tax Form 1041🟢
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🎯Comprehensive Test Including AICPA Released Questions2 Quizzes
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💡TCP2: 2E - Tax-Exempt Organizations4 Topics|1 Quiz
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🎯Comprehensive Test Including AICPA Released Questions1 Quiz
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💡TCP3: 3A - Formation and Liquidation of Business Entities9 Topics|5 Quizzes
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✏️+🎥Legal and tax Characteristics of Business entities 🟢
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🎙️Legal and tax Characteristics of Business entities
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🎥+✏️Introduction to Complete Corporate Liquidation🟢
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🎙️Introduction to Complete Corporate Liquidation
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🎥+✏️Corporate Liquidation | Corporate Distribution | Shareholder Perspective🟢
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🎙️Corporate Liquidation | Corporate Distribution | Shareholder Perspective
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🎥+✏️Parent-Subsidiary Liquidation🟢
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🎙️Parent-Subsidiary Liquidation
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🎥+✏️Corporate Liquidation Distribution to Minority Shareholder🟢
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✏️+🎥Legal and tax Characteristics of Business entities 🟢
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💡TCP3: 3B - Tax Planning for C Corporations25 Topics|10 Quizzes
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✏️+🎥Tax Planning for Corporations🟢
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🎙️Tax Planning for Corporations
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✏️+🎥NOL Tax Strategy: Timing🟢
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🎙️NOL Tax Strategy: Timing
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✏️+🎥Corporate Capital Loss: Tax Strategy (Timing)🟢
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🎙️Corporate Capital Loss: Tax Strategy (Timing)
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✏️+🎥Changing Tax Rates 🟢
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🎙️Changing Tax Rates
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✏️+🎥Income Shifting (jurisdiction)🟢
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🎙️Income Shifting (jurisdiction)
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✏️+🎥Estimating Tax Payments for C Corporations🟢
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🎙️Estimating Tax Payments for C Corporations
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✏️+🎥Annualized Income method 🟢
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🎙️Annualized Income method
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✏️+🎥Section 351 (Planning)🟢
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🎙️Section 351 (Planning)
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✏️+🎥Business Income Taxation🟢
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🎙️Business Income Taxation
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✏️+🎥Deduction of Business Entity loss🟢
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🎙️Deduction of Business Entity loss
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✏️+🎥Most Advantageous Entity Type for Taxation Purposes (Compensation of owners) 🟢
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🎙️Most Advantageous Entity Type for Taxation Purposes (Compensation of owners)
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✏️+🎥Compensation of owners Simulation + PPT🟢
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✏️+🎥Conversion from one entity to another 🟢
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🎙️Conversion from one entity to another
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✏️+🎥Tax Planning for Corporations🟢
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🎯 AICPA Released Questions3 Quizzes
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💡TCP4: 4A - Nontaxable Disposition of Assets13 Topics|11 Quizzes
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🎥+✏️Recognized vs. Realized 🟢
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🎙️Recognized vs. Realized
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🎥+✏️Section 121 Homeowner Exclusion🟢
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🎙️Section 121 Homeowner Exclusion
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🎥+✏️Involuntary Conversion🟢
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🎙️Involuntary Conversion
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🎥+✏️Section 1031 Like-Kind Exchange 🟢
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🎙️Section 1031 Like-Kind Exchange
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🎥+✏️Section 1031 W/liabilities 🟢
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🎙️Section 1031 W/liabilities
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🎥+✏️1031 CPA Simulation 🟢
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🎥+✏️Wash Sale Loss🟢
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🎥+✏️Disposition of Personal Use Property🟢
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🎥+✏️Recognized vs. Realized 🟢
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💡TCP4: 4B - Amount and Character of Gains and Losses on Asset Disposition, and Netting Process, Including Installment Sales12 Topics|12 Quizzes
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🎥+✏️Introduction to Capital Assets🟢
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🎙️Introduction to Capital Assets
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🎥+✏️Netting Capital Gains and Losses🟢
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🎥+✏️Section 1231 Assets🟢
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🎙️Section 1231 Assets
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🎥+✏️Section 1245 Assets Depreciation Recapture🟢
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🎙️Section 1245 Assets Depreciation Recapture
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✏️+🎥Section 1245 Assets CPA Simulation🟢
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🎥+✏️Section 1250 Unrecaptured Gain🟢
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🎙️Section 1250 Unrecaptured Gain
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✏️+🎥Installment Sales🟢
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🎙️Installment Sales
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🎥+✏️Introduction to Capital Assets🟢
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💡TCP4: 4C - Related Party Transactions, Including Imputed Interest2 Topics
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🎯AICPA Released Questions: Property Transactions2 Quizzes
Participants 2347
Lesson 7,
Topic 38
In Progress
🎥+✏️Bunching Itemized Deductions🟢
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