TCP Study Guide
Tax Compliance and Planning — Individuals, Entities, and Property
Updated for the One Big Beautiful Bill Act (OBBBA)
OBBBA provisions become testable on TCP starting July 1, 2026 — permanent 100% bonus depreciation, the permanent QBI deduction, the $15M estate exclusion, and more. Our planning lessons teach the new law and flag the cutoff.
Mock Exam
33 questions · exam conditions · full breakdown
Review Queue
Spaced repetition - wrong answers resurface automatically
Study Modes
Skip to what you need — MCQs only or simulation strategy only.
Section 1
Individual Tax Compliance and Personal Financial Planning
30–40% of the TCP exam
Covers advanced individual income tax, gifting and education planning, retirement and personal financial planning, and estate and gift tax planning.
Section 2
Entity Tax Compliance
30–40% of the TCP exam
Covers the tax compliance of C corporations, S corporations, and partnerships, including basis tracking, and multi-jurisdictional and tax-exempt entity issues.
Section 3
Entity Tax Planning
10–20% of the TCP exam
Covers choice of entity, distribution and liquidation planning, owner compensation and fringe benefits, and accounting method and timing strategies.
Section 4
Property Transactions
10–20% of the TCP exam
Covers basis and cost recovery planning, and the character and recognition of gains, losses, and nonrecognition transactions.