Weeks 9 and 10 cover content under the heading “Federal Taxation of Entities,” which is the source of 28-38% of the questions on the REG section of the CPA exam. In prior weeks of this course, you reviewed individual taxation and related concepts. This week you will read about corporate taxation, including the formation of corporations, corporate income, accounting methods, special deductions, penalty taxes, related corporation taxation, distributions, redemption and liquidations, and reorganizations.