[Q3] REG Study Group 2014 - Page 11

Viewing 15 replies - 151 through 165 (of 1,445 total)
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  • #590756
    Amay
    Member

    @Amor I don't think it's important to learn that one since it was not mentioned in the lecture. Not sure if you had googled it yet but I found this: https://www.investopedia.com/articles/tax/08/bond-tax.asp. Hope it helps.

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! šŸ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently šŸ™‚

    #590758
    Amay
    Member

    @mamabear don't get discouraged! I'm getting a little overwhelmed with all this info too, but I know it's only going to get harder when I get to the corp tax chapters. I loathed those classes in college!

    You just have to hang in there. Think back to your other parts how it was all new in the beginning, but as you got closer and closer to test day, and kept practicing over and over, things started clicking. This is a long process. Right now it all looks like Chinese to us, but it will all make sense at the end…OK, fine, not all of it will make sense, but at least enough to PASS! šŸ˜‰

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! šŸ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently šŸ™‚

    #590759
    Amay
    Member

    Easy pop quiz! If a TP files a 1040EZ which of the two below the line deduction options did they use?

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! šŸ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently šŸ™‚

    #590760
    Mamabear
    Member

    Thanks Amay! The standard deduction!

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #590761
    Mamabear
    Member

    I know it will get a little easier. I felt this way when I started FAR. I just wish my NTS wasn't expiring. It doesn't seem likely that I'll get all this info into my head in the next 41 days. At least a lot of the FAR material was somewhat recognizable. I took one tax class a few years ago and have never done my taxes so this REG stuff is just foreign. I'm going to keep pounding out the MCQ until I get through all 210 for individual tax. Hopefully by the end of that it will all start to come together. I'm already getting fairly decent with the concepts, above the line, below the line, itemized deductions, etc. so that's a plus. Thanks for the encouragement!

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #590762
    Anonymous
    Inactive

    REG is gonna be a toughy

    #590763
    Amay
    Member

    Awesome! Little by little…you got this! šŸ™‚

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! šŸ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently šŸ™‚

    #590764
    Anonymous
    Inactive

    @Amay, what? I posted only 2 sentences and you gave me 3 pages long of lectures? LOL

    Thanks anyway. I appreciate you taking time to research for me and reply to my post. (I saved it on my MS Word – documents.)

    I think, I still have FAR hangover. I still couldn't get over with SCF, bond discounts/premiums, equity, etc.

    And luckily, I still don't know my score yet, while others have already received their performance rating in the mail. It seems like our State Board office is located in a different planet.

    #590765
    Mamabear
    Member

    @Amor–You haven't gotten your score? When do you expect it to come?

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #590766
    Anonymous
    Inactive

    @Mamabear, no score yet until 6/9 Monday 9:02AM EST.

    1.5 more sleeps yet. LOL

    #590767
    Anonymous
    Inactive

    Good Luck Amor šŸ™‚ Hope you have great news on Monday!

    #590768
    Mamabear
    Member

    Good luck Amor!! Alright–I got 5 hours of sleep and I'm diving back into the Individual tax MCQ and hope to get a first pass through all of them today and move on to another topic. Who's studying with me today??

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

    #590769

    Good luck Amor!! Sending you more positive vibes!

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #590770
    Anonymous
    Inactive

    @mamabear, I'm with you. Will be studying till 5 this evening.

    It's Simulation Sunday….hoping to knock out the remaining ones in Ninja today.

    #590771
    Mamabear
    Member

    @CPA Title–Have you gone through every MCQ in Ninja? How much time did you spend focusing on memorizing numbers/threshholds, etc versus learning concepts?

    CPA Exam - Finally DONE (November 2014)
    BEC (08/10/13) 80
    AUD (08/24/13) 65 (11/13/13) 85
    FAR (04/12/14) 81
    REG (07/19/14) 69 (11/29/14) 87!!

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