[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

[Gabe]

Indefinitely CF for Pships

20 years for C corps- yes?

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

[Tre]

I did reverse studying… I went through all the tax materials first and am now hitting up the BLaw parts. Unfortunately, tax is what I like so the BLaw part is just killing me.

BEC - 84
REG - 88
FAR - 75
AUD - 71, Nov 2015

[Tre]

Partnership is indefinite. Corps follow NOL rules (back 2, forward 20)

BEC - 84
REG - 88
FAR - 75
AUD - 71, Nov 2015

[Gabe]

I enjoyed the tax part but am forgetting some of it after studying Blaw- so much information for those sections.

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

[The_AmYam]

ugh – all these corp basis rules are KILLING me!

REG - 81
FAR - 79
AUD - 94
BEC - OCT 15

[The_AmYam]

I have been using this to remember one small thing:

NOL exists for “ICE”:

Individuals

Corps

Estates/Trusts

REG - 81
FAR - 79
AUD - 94
BEC - OCT 15

[step73121]

Hi everyone. I have my REG exam scheduled for January 16th and I just have a couple of questions of how and what to studying in this last week-plus before the exam. This is my first exam that I am taking.

I am currently using Becker self study and I started in late september. Due to school, I finished going through the book once (did lecture, MCQs, sims, and most flashcards) about a week before Christmas. Ever since then, I've put in 5-6 hours in the library everyday. I've reread the book without the lecture and have taken notes that have filled up 2 notebooks. I have have redone the homework MCQs and the sims. I've been scoring anywhere from 70-75 on my second time around with the tax portion of the MCQs and 65-75 on the b-law MCQs.

In this last 10 or so days before the exam, what is the best route I should take to feel prepared for the exam? I still have both my practice exams and progress tests to take. I've heard the practice exams are not worth taking and just to do the progress tests over and over again. Hopefully when I'm done with the Becker progress tests, I will go into the Wiley practice MCQs I have.

Thanks for the help guys and good luck!!

REG (1/16/15): 82
FAR (5/28/15): 78
AUD (8/20/15): 85
BEC (10/8/15): 82

[The_AmYam]

I am sitting on the 17th.

I have been doing MCQ's like crazy and reviewing Corporate/Property because that seems where I have the most studying to do based on my results. Make sure you're not just picking answers b/c you know you're right.

I write notes for things I can't seem to get to “stick” – writing it out seems to help. I write why answer is correct. Review that later and it helps me remember.

That is a LOT of studying/reviewing you're doing. Make sure to give yourself a break – I remember more in small increments vs 5 straight hrs of studying. So I study before work, at lunch, after work (when I get up on time).

I'd suggest you hit your Wiley MCQ's and see where you need to brush up. I also have Wiley and I find they're harder than Becker questions. Maybe it's b/c I've seen the Becker ones a lot before… but either way, Wiley gives me a good idea of where I'm deficient. I'd suggest you go ahead and start working there vs Becker.

REG - 81
FAR - 79
AUD - 94
BEC - OCT 15

[Anonymous]

For the current year, Seth and Sheila intend to file a joint return. Seth expects to earn $35,000 in wages from his teaching job. He is covered by the university's pension plan. Sheila is a volunteer at their son, Stephen's, school. In addition to Seth's income, they received $500 in interest income and $50 in prize winnings from a local radio contest. Each would like to make a deductible contribution to an individual retirement account for the current year. They also believe they will be eligible to claim a tax credit for these contributions. Which of the following is correct?

Hey guys i asked this question yesterday and someone answered me, but i think their answer was wrong also because i had the same answer as them and becker says that the couple would be eligible for a deductible contribution AND claim a credit. I understand that the deductible contribution, but why would they claim a credit? Becker says they should claim a credit but i dont know what credit they are referring to. dont remember them talking anything about a credit with IRAs

[NJPRU]

@cpa – there's a personal tax credit they can take. see page R2-39.

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

Hi everyone. I just wanted to thank each of you that has helped me stay focused on studying for REG this quarter. I took my test yesterday. Good luck to each and everyone of you that has a test upcoming. On the AUD for me!

[Gabe]

@Corp glad we helped a little. How was it? Anything surprise you or anything we should focus on? (obviously you can't go into details…)

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

[Gabe]

This may seem elementary but something I can't seem to grasp:

Can anyone explain:

Real prop

Personal prop

Capital assets (tax-wise)

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

[Anonymous]

@Gabe yes a few things actually. I really wish I could go into details, as I know it would help the rest of you out a lot. Look at R3 heavy. I was really focused on basis and R4 and probably did not devote the time I needed to, to R3.

[Anonymous]

@Gabe — My brain is still a little fried but–

Real property- buildings, land

Personal property– Everything else (equipment, cars, ect)

[Author]

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