[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Anonymous]

Again, If FAR is the Beast and AUD is the Nemesis, what kind of a monster is REG?

[NYCaccountant]

REG is remembering all these little annoying facts, exceptions. I guess REG would just simply be annoying lol.

AUD - 99
BEC - 84
FAR - 93
REG - 87

NYC born and raised.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Come on NYC, tell me. LOL

I need to make a new animal mnemonic for all 4 CPA parts:)

[svish]

Hi!

I'm going to appear for REG on 4/30/2014. Just started studying with the materials. I'm using the WTB. I thought I will do the Law part first and then go to the tax part. I appeared for my FAR exam in early Feb this year and cleared it, Waiting for AUD results on 7th that i gave on 28th Feb. My productivity and concentration levels are too low to gear up with REG due to the score release anxiety 🙁

I hope I start gearing up with REG asap so that I can be ready for 4/30/2014.

FAR-02/12/2014-77!! DONE
AUD-02/28/2014-80!! DONE
REG-04/30/2014-83!! DONE
BEC-08/12/2015-77!! DONE

[Anonymous]

@svish how long did you study for Aud? You took Far and Aud both in Feb? If so, that's amazing. I started Aud this last Friday and I am struggling with it. My goal is to take Aud on May 9th. But I am also aiming to take Reg first week of April so its kinda tight for Audit.

[svish]

@ayafzal78: Hey! I started studying for AUD in November 2013! I prepared AUD for about 30 days to be precise. Around second week of December I started with FAR preparations and continued till second week of Feb(solid 2.5 months). Appeared for FAR on 02/12/2014 my very first exam of CPA-it was a tough task yet cleared it with a 77. Then came back to Aud, did a quick 12 days review of whatever I had studied in November, appeared on 02/28/2014. Eagerly awaiting for the scores.

Coming to you: Audit is easy when it comes to the content but the exams are tricky! Mostly you can eliminate two and are stuck between two close and similar options out of the four,so my suggestion to you will be read the concepts and do the mcqs over and over till you know that you can knock it off. Audit is more of a conceptual paper, what I did to master this subject was I will read the content over and over again to understand them and after that when I'm solving the mcqs like for concept based questions I would recall the topic on which the question is based and try to anticipate the answer even before reading the options and more often than not the correct answer will be close to what I anticipated. Even if I'm sure I'll make sure to read all the options and by this way I could gain good conceptual clarity and speed when I progressed with the chapters. According to me, Audit not much content but very tricky and Reg has lot of content with the tax and law part but very straight forward. So its based on each individual the strategy one has to make based on his/her ability to learn at their own pace.

FAR-02/12/2014-77!! DONE
AUD-02/28/2014-80!! DONE
REG-04/30/2014-83!! DONE
BEC-08/12/2015-77!! DONE

[Finishorgiveup]

Hi, I am taking Reg on 5/3, I am currently in chapter 1, I am using 2013 Becker and Wiley, I hope there won't be too many difference compare with 2014. I took one long time ago and I got 72, I hope I can pass it this time.

REG - 70. Retake on 5/30/14
AUD - 8/31/14
FAR - target 11/30/14
BEC - target 2/28/15
California Candidate

[calesn]

I hate corp taxation. ugh

Pay
Attention to
Detail

"Treat every concept like it's the one needed to reach 75" Nedra

Reg~ April 16
Beg~ May
Aud~ July
Far~ Who know I'm scared

[Anonymous]

Hello everyone! New to the group but thought maybe I could find some motivation from like-minded REG testers like myself. I have been studying for REG for quite some time now. I'm using Becker 2014, supplementing it with NINJA notes and flashcards, as well as the Wiley Test Bank. I also have the Wiley review books, but I think it would be overdoing it to use both Becker and Wiley (unless I have some additional questions on things).

Right now, I'm scheduled to take REG on 4/1. So far, I've made it through R4. Starting R5 tonight (Business Law section). Hopefully I can get through the Business Law sections fairly quick so that I can circle back to the Tax sections. Those are definitely a sore spot for me right now.

How's everybody else doing with their studying? Staying motivated? Definitely having a hard time with that myself. I have all the motivation to pass the exam but am lacking some serious effort. Hard to stay focused, easy to find excuses to not study, cut out of studying early, etc. Weather in Wisconsin doesn't really help lately either. We've been getting a lot of snow and cold weather, which sounds like it would be easy to study because you can't go and do anything really. However, it's also been a VERY long winter, and seasonal depression has started to sink in.

And now I'm rambling.. Anyways, good luck to everyone!

[Anonymous]

@Jeff…I finally finished season 2 and OMG!!!!! Frank Underwood moves fast and is creepy!

btw not sure if you actually watched the show or were poking fun at my earlier “omg”..lol

@davislr we are right here with you. Good luck!

Will hopefully sit for Reg on 4/4, still waiting for the board to send me a new nts.

[Kenada]

calesn – Corp Tax is not as bad as you think it is . I didn't fancy it much either but once i made like a comparison sheet where I listed out how Basis works in Partnerships and then S Corp and then C Corps. I started to make better sense of the similarities and the differences in the treatments of basis, distributions etc.

CA Candidate. 05/27/2014 ~ 786/110
I am done!!

[Topsya]

Guys, does this question make sense to you?

Mr. and Mrs. Donald Curry’s real property tax year is on a calendar-year basis, with payments due annually on August 1. The realty taxes on their home amounted to $1,200 in 2013, but the Currys did not pay any portion of that amount since they sold the house on April 1, 2013, four months before payment was due. However, realty taxes were prorated on the closing statement. Assuming that they owned no other real property during the year, how much can the Currys deduct on Schedule A of Form 1040 for real estate taxes in 2013?

The confusing part is “on a calendar-year basis, with payments due annually on August 1”

So the tax for 2013 would need to be paid by August 2014? Or August 2013?

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[thehip41]

They can deduct $300, the amount they were charged when they lived there.

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[Topsya]

Thank you

I am still wondering about this:

“So the tax for 2013 would need to be paid by August 2014? Or by August 2013?”

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[CPA soon]

I believe 2013 taxes are paid in August 2013, just like you have winter and summer taxes. This would be like the summer tax.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Author]

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