REG Study Group Q3 2016 - Page 3

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  • July 4, 2016 at 1:29 am #784630
    .
    Participant

    @tncincy

    Didn't you get an email from CPA Excel? When you log in you should be able to use the test bank. You know the page that says “My Products.”

    FAR- 88- 6/16- (Ninja Avg. 74%)
    REG- 89- 7/16- (Ninja Avg. 77%)
    AUD- 95- 8/16- (Ninja Avg. 81%)
    BEC- 82- 9/16- (Ninja Avg. 75%)
    [Wiley CPAExcel + Ninja MCQ]

    Finally licensed.

    FAR - June 2016 - 88
    REG - July 2016 - 89
    AUD - Aug 2016 - review phase currently
    BEC - Sep 2016 -

    Wiley CPA Excel & Ninja MCQ

    July 4, 2016 at 1:34 am #784631
    Tncincy
    Participant

    yes I did….I'll go back and read it…thanks.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    July 4, 2016 at 1:38 am #784632
    csvirk
    Participant

    For those having trouble with AMT. Here is the video of Jeff explnaning AMT.

    AUD - 80
    BEC - 86
    FAR - 77
    REG - 84
    Hardwork will always pay off!

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    July 4, 2016 at 1:41 am #784633
    Tncincy
    Participant

    ohhh thank you

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    July 4, 2016 at 2:07 am #784634
    Anonymous
    Inactive

    PANIC TIMME Tincincy – the mneumonic that saved my AMT life.

    July 4, 2016 at 12:42 pm #784635
    Anonymous
    Inactive

    Love the printing funciton on NINJA mcqs – very handy.

    July 4, 2016 at 2:47 pm #784636
    Tncincy
    Participant

    that's good to know because these explanations are getting a little long….printing didn't come to my mind. Still good to know.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    July 4, 2016 at 2:57 pm #784637
    Anonymous
    Inactive

    Why can't I print? At first, it was showing blocked or something then I clicked unblock or allow. I tried it again and then it was giving me a new window of NINJA interface/screen.

    July 4, 2016 at 3:13 pm #784638
    csvirk
    Participant

    The partnership of R and S had an ordinary loss during the current year of $10,000. R and S are general partners who actively and materially participate in the daily operations of the partnership. R and S share profits and losses equally. R had an adjusted basis of $4,000 for his interest before taking into account the current-year loss. On his personal tax return R may deduct:

    A.
    $5,000 ordinary loss.

    B.
    $5,000 capital loss.

    C.
    $4,000 ordinary loss and $1,000 capital loss.

    D.
    $4,000 ordinary loss.

    AUD - 80
    BEC - 86
    FAR - 77
    REG - 84
    Hardwork will always pay off!

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    July 4, 2016 at 3:45 pm #784639
    Spartans92
    Participant

    Im leaning towards D. Since they materially and actively participate and the loss is ordinary it will be considered ordinary loss.. However, his basis is only 4,000 which can't go below zero. The remaining 1k wouldn't be capital loss so C is not correct.

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

    July 4, 2016 at 3:48 pm #784640
    csvirk
    Participant

    @spartan You got it!

    AUD - 80
    BEC - 86
    FAR - 77
    REG - 84
    Hardwork will always pay off!

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    July 4, 2016 at 4:24 pm #784641
    csvirk
    Participant

    Apparently there are two threshold of IRA deductions. Can someone explain when to apply each threshold? I am so lost. Thank you

    AUD - 80
    BEC - 86
    FAR - 77
    REG - 84
    Hardwork will always pay off!

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    July 4, 2016 at 5:13 pm #784642
    Spartans92
    Participant

    What r the two threshold? so i can refresh my memory lol. Thanks.

    Not sure if anyone can answer but are we really suppose to remember all the types of property for MACRS. Like the 5 year property or 3 years and what it consists of such as van, computer, copiers, etc.

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

    July 4, 2016 at 5:25 pm #784643
    .
    Participant

    Are we going to get MACRS depreciation tables?

    FAR- 88- 6/16- (Ninja Avg. 74%)
    REG- 89- 7/16- (Ninja Avg. 77%)
    AUD- 95- 8/16- (Ninja Avg. 81%)
    BEC- 82- 9/16- (Ninja Avg. 75%)
    [Wiley CPAExcel + Ninja MCQ]

    Finally licensed.

    FAR - June 2016 - 88
    REG - July 2016 - 89
    AUD - Aug 2016 - review phase currently
    BEC - Sep 2016 -

    Wiley CPA Excel & Ninja MCQ

    July 4, 2016 at 5:44 pm #784644
    CPA2BEE
    Participant

    If you have to face a Depreciation question on the exam, I think it is about 99.99% possibility they will provide you with a depreciation table, especially on a SIM

    CA CPA - est. Dec 2016

    FAR - 80
    AUD - 82
    BEC - 80
    REG - 85

    ETHICS - 90
    EXPERIENCE - COMPLETE
    Application for California license mailed 8/4/2016

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