Regulations Exam Focus areas

  • Creator
    Topic
  • #186815
    needhelpnow
    Member

    I know that everything is a important to know. But below are the areas I am primarily focusing on with extra detail:

    -Estates, trusts, & Gift Taxes

    -Depreciation

    -Property and Special Prop Tax

    -Tax Exempt Organization

    -Filing Requirement and preparers Penalties

    -Corp Tax

    -S-Corp

    -Partnership Taxation

    -Individual Taxation.

    I am also touching basis on everything else, but the above are my heavily focused on areas. Is there other items other than the above listed items that I should be adding to the list?..even though EVERYTHING is a more appropriate response :/

    Thank you guys..Hopefully this will help a few other peeps along with me

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #579547
    Kimboroni
    Member

    Basis, basis, basis

    Don't forget that b law is approx. 20% and ethics/responsibilities is almost another 20%.

    AUD 84 (1/9/14-Wiley books/TB + free materials)
    FAR 83 (5/21/14-the above + NINJA 10 Pt Combo Lite)
    REG 84 (7/9/14-Wiley books/TB + NINJA Audio/FC/Notes)
    BEC 76 (10/5/14-Wiley books/TB + NINJA Audio/FC)

    Disclaimer: My ninja avatar is not meant to imply that I have any affiliation with this site other than being a forum member. That's a pic of a T-shirt that my daughter gave me for my birthday. 🙂

    #579548
    JEjunkie
    Member

    I agree with Kimboroni! Know basis inside and out, forwards and backwards. Know all the adjustments for AGI (Have you seen the mnemonic thread on this? It was helpful to me.) Delve down deep on the adjustments and deductions and make sure you know all the intricacies of what can be adjusted/deduction and what the limits are. I would also concentrate on the tax forms. 1040, 1065, Sch. A, C, D, etc. M-1, K-1, S-1 and so on. On the business law side be sure you're comfortable with forming of contracts and just have strong knowledge of the many business law definitions.

    #579550
    fiona87
    Member

    As JEjunkie and Kimboroni have said, basis and business law. Do NOT overlook them. Contract formation, commercial paper, all that… skip at great risk to your score.

    FAR - 79 (11/27/13)
    AUD - 76 (2/1/14)
    REG - 77 (5/30/14)
    BEC - 88 (7/18/14)

    MN Ethics - 100% (3/9/14)

    AND DONE! 8/1/14

    #579551
    needhelpnow
    Member

    @fiona87 @JEjunkie @Kimboroni

    Guys, this is great information. Thank you for providing me such valuable feedback. I am going to make sure to at these topics to me to do list.

    Any other feedback from others is still MOST WELCOME!

Viewing 4 replies - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.