CPA TCP: S corporation, partnership, trust and exempt organization compliance
Blueprint II.B–II.E · Area II, Entity Tax Compliance · 30–40% of TCP
Ten TCP questions on s corporation, partnership, trust and exempt organization compliance, untimed, with a reason for every answer option.
Or take the full TCP mock examA trust's deduction for distributions to beneficiaries is limited to
S corporation, partnership, trust and exempt organization compliance on CPA TCP
This topic covers compliance for S corporations, partnerships, trusts and tax-exempt organizations: elections and deadlines, separately stated items, distributions, sales of interests and information returns.
- Blueprint groups
- II.B–II.E
- Share of the section
- Area II, Entity Tax Compliance: 30–40%
- Our drill
- 10 questions from 13 on this topic, untimed, with a reason for every option; one free attempt, unlimited with a pass
What to know
- An S election made by the 15th day of the 3rd month of the tax year is effective for that year (IRC §1362(b)).
- S corporation shareholder-employees must receive reasonable compensation subject to employment taxes.
- Distributions by an S corporation with accumulated E&P come first from AAA, then E&P (dividend), then basis (IRC §1368(c)).
- On the sale of a partnership interest, the share of unrealized receivables and inventory produces ordinary income (IRC §751).
- Trusts file Form 1041 with gross income of $600 or more; the distribution deduction is limited to DNI; grantor trust income is taxed to the grantor.
- Exempt organizations file Form 990-T for $1,000 or more of gross unrelated business income; private foundations pay a 1.39% excise tax on net investment income.
Test yourself on s corporation, partnership, trust and exempt organization compliance
Ten TCP questions on s corporation, partnership, trust and exempt organization compliance, untimed, with a reason for every answer option.
Or take the full TCP mock examCommon questions
How much of the TCP section is s corporation, partnership, trust and exempt organization compliance?
It sits in Blueprint Area II (II.B–II.E). The AICPA weights whole areas, not single topics; see the area’s range on the TCP page. Our 68-question mock draws each area at the middle of its range.
Are these real TCP questions?
No. The AICPA does not release live exam questions. These are original practice questions written to the published 2027 CPA Exam Blueprints, with a reason for every answer option and the standard or code section behind the key.
More TCP topics
- Individual compliance, estimated taxes and passive lossesdrill
- Gift tax and personal financial planningdrill
- C corporation compliancedrill
- Entity formation, liquidation and tax planningdrill
- Property dispositions, related parties and imputed interestdrill
TCP full mock exam: 4 hours, 5 testletsTCP task-based simulations
Blueprint and exam facts checked November 2026: AICPA: Learn what is tested on the CPA Exam (Blueprints effective January 1, 2027) · AICPA: CPA Exam score release and testing windows · NASBA: CPA Exam FAQ · Virginia Board of Accountancy: CPA Exam fees.
Original independent practice questions written to the AICPA CPA Exam Blueprints. Not affiliated with or endorsed by the AICPA or NASBA.