[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

Post by Another71.

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

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

[Anonymous]

@Gabe- yeah for sure. It is all web based? Or is there an app? I do most of my studying on my iPad. So I want to make sure its compatiable and what not before I put more cash out there. I feel like I have so much already tied up into these tests already ha!

[Anonymous]

Currently caught up on gains/losses from liquidation/ reorganizations and determining whether a distribution is a return of capital, dividend, or ordinary income. This topic seems to have lots of moving parts. Anyone have a way to simplify some of it?

[Anonymous]

@Amor D Thank you! Took me forever to come back and see the answer. Love it!

[Anonymous]

I am confused when actually is the end of the return period.

For this rule such as failure to retain records properly, which says:

The tax preparer is required to keep, for the three years following the last day of the return period (the 12-month period beginning on July 1 of each year) blah, blah, blah…

Let's say I prepared my client's 2013 tax return on April 1, 2014, when is exactly the end of the return period for this scenario? Why July 1 is the beginning, not January 1?

Thanks guys!

[Gabe]

Is July 1 used consistently, or did they just use July 1 as an example? Or…maybe a typo lol

CPA, CFE
CISA- Experience will be completed by August 2016

[funtiks]

can you combine tuition and fees deduction with one of the education credits? (lifetime or american)

FAR - 76*, 73, 85
BEC - 69, 72, 78*, 80
AUD - 72, 71, 90
REG - 71, 74, 85

AFTER 3 YEARS I'M DONE!!!

[Gabe]

@fut can you elaborate? are you saying all tuition deduction into one credit?

My gut says no, since one is a refundable CR and the other is a non refundable CR.

CPA, CFE
CISA- Experience will be completed by August 2016

[blueberrycpa]

will there be no sims from blaw during exams? wondering if i should practice sims for blaw or just skip it and concentrate on tax sims! help pls

FAR- TBD
BEC - 75
REG - 76
AUD- TBD

[nevertoolate]

@kick – I only recall seeing one comment on the forum insinuating there was a blaw sim….but for the norm, I think sims will be 99.99% tax. Not to say that you shouldn't know blaw, though. You just never know with these exams.

REG - 68, 81
FAR - June 2016
AUD - 58, 63, 84
BEC - 71, 79

CPAexcel (Gold), Ninja Audio, and Ninja MCQ

"Beware; for I am fearless, and therefore powerful"

[Anonymous]

After taking the AUD exam on 11/29/14, I told myself I will take a week break before starting REG. Then I got the AUD result on 12/09/14… I deserve another week of celebration right? Hahaha! I promise I will really start studying for REG on 12/15/14.

We can all do this guys! Good luck and God bless to everyone! xoxo

[Anonymous]

Bridge, a C corporation, had $15,000 in accumulated earnings and profits at the beginning of the current year. During the current year, Bridge reported earnings and profits of $10,000 and paid $20,000 in cash distributions to its shareholders in both March and July. What amount of the July distribution should be classified as dividend income to Bridge's shareholders?

a.$10,000

b.$20,000

c.$5,000

d.$15,000

Little help with this one?

[Gabe]

c?

15 + 10= 25k (available)

$20k is distributed in march and July

25K available- 20K distributed in July= 5K excess considered income

CPA, CFE
CISA- Experience will be completed by August 2016

[nevertoolate]

D – 10+15-20-20 = 15

REG - 68, 81
FAR - June 2016
AUD - 58, 63, 84
BEC - 71, 79

CPAexcel (Gold), Ninja Audio, and Ninja MCQ

"Beware; for I am fearless, and therefore powerful"

[Anonymous]

Its actually C.

@nevertoolate- I thought the same thing you did.

[Gabe]

@corp did my explanation help a little?

CPA, CFE
CISA- Experience will be completed by August 2016

[Author]

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