This is my first year preparing tax returns so I scheduled my REG test for Apr 24th (our busy season isn't quite as bad as I've heard others are) but I haven't done very many partnership or c corp taxes and some of the Becker questions are killing me. Is this a heavily tested area?
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Yes
Knowing basis for partnerships and corps for stuff going in, coming out, and liquidating are all critical.
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AUD-94; REG-97; BEC-93; FAR-94
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contact info on blogPosted 1 year ago # -
CapitalGains
offlineMemberYou absolutely need to know conduit and corporate entity tax. I'd say it's the most heavily tested area on REG. With that being said you don't need to know how to do a return, but rather common exam items you'll encounter (basis questions, flow-through income, taxability of distributions, etc.)
AUD: 97, FAR: 96, BEC: 93, REG: 99, Ethics: 100 (laugh)Posted 1 year ago #
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