Last-Minute Reg study advice?

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  • #188052

    Hi everyone- I’m new here. Nice to meet y’all.

    I’ve got REG on this coming Tuesday.

    Tax and law are both my weak areas, so this studying process has been somewhat demoralizing. There are many little nuggets of information that I am relying upon short-term memory for (IE individual credit amounts, AMT tidbits).

    I’m feeling solid with some of the partnership, corporation, and transactions.

    Any advice for the exam day? I have only heard how insane the actual exam can be…

    Thanks in advance. It’s good to be a newbie!

    FAR: 86 (July 15, '14)
    AUD: 88 (Oct 1, '14)
    BEC: 83 (Nov 23, '14)
    REG: 71, 72, retake: Jan 2, '15

Viewing 4 replies - 1 through 4 (of 4 total)
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  • #588800
    TigerWoods
    Member

    You don't need to memorize individual credit amounts! Waste of time and space in your brain.

    #588801
    Kimboroni
    Member

    Leave enough time for the sims! I budgeted 30 min to each MCQ testlet and ended up with my planned 1:30 for sims. You want enough time to adequately use the AL. I filled in everything I could on my own and then basically used the AL to check my work.

    And be calm. Get enough sleep before the test. Don't run yourself ragged doing as many MCQs as you can the day before– use that time to center yourself and go over notes, flashcards, etc. And don't do a practice test and then fixate on the score.

    AUD 84 (1/9/14-Wiley books/TB + free materials)
    FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
    REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
    BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

    Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

    #588802
    Ineedsomesun
    Member

    For things to determine if you need to memorize, ask yourself, does it change. Filing dates and extension dates do not change so you will need to know them. Limits however change every year or every few years. You'll have to know cap gain limits, filing penalty percentage, amounts, etc. Know how to do a M1 and M2. I think you have to know section 179 even though the number changed. Depreciation lives for common assets. Section 1231, 1245 and 1250 property. Anyway, there's a ton on REG. It was the worse one IMO and I'm a tax accountant.

    FAR - 78, FEB2014,
    REG - 82, MAY2014
    BEC - 79, JULY2014
    AUD - 68, 86, MAY2015 (ALL DONE!!!)

    #588803

    Thanks you guys. And TigerWoods- All I have to say is thank God!

    And Kimboroni- What does AL stand for (… Or Is it just the research tool equivalent of FAR)?

    Because from my understanding, only 4 of the sims (not counting the fake and the research question) require most of your time. How fluid should I be with this tool?

    I found during FAR I didn't have enough time to utilize it effectively. Nonetheless, I found the FAR sims pretty straightforward.

    FAR: 86 (July 15, '14)
    AUD: 88 (Oct 1, '14)
    BEC: 83 (Nov 23, '14)
    REG: 71, 72, retake: Jan 2, '15

Viewing 4 replies - 1 through 4 (of 4 total)
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