For this month’s free video lesson, we’re tackling a common topic known to trip up quite a few candidates on the REG portion of the CPA exam: Substantiation and Disclosure of Tax Positions.

Be sure to bookmark this useful lesson.

Substantiation and Disclosure of Tax Positions

In just under 10 minutes, Prof. Robert Prentice of University of Texas – Austin provides a concise introduction to a common REG topic: Substantiation and Disclosure of Tax Positions. This lesson recaps Substantial Understatement of Income Tax and walks you through specific situations in which disclosure of federal tax positions is required. Prof Prentice also helps you identify whether a substation is sufficient given a specific scenario.

Good luck with the rest of your studies and remember, If you think you can pass the CPA exam, you can.

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