CPA Review | CPA Exam | Archive

Video: REG – Non-Liquidating Distributions

25. Oct, 2009 9 Comments

CPA Exam Review instructor Phil Yaeger of Yaeger CPA Review has done a special teaching segment for another71.com readers over non-liquidating distributions for Corporate Taxation. People studying for the Regulation section of the CPA Exam will want to pay special attention to this and know how to work these problems.

Here is the scenario for the video segment:

Corporate Taxation – Non-liquidating distrubtions

Dahl Corp. was organized and commenced operations in 1998. At December 31, 2008, Dahl had accumulated earnings and profits of $9,000 before dividend declaration and distribution. On December 31, 2008, Dahl distributed cash of $9,000 and a vacant parcel of land to Green, Dahl’s only stockholder.

At the date of distribution, the land had a basis of $5,000 and a fair market value of $40,000. What was Green’s taxable dividend income in 2008 from these distributions?

a. $9,000
b. $14,000
c. $44,000
d. $49,000

For best results, I would work the question yourself and then watch the video. This was my strategy while going through the Yaeger REG HomeStudy and I found it highly effective.

(Phil mentions a PDF in the video, but I have copied the question on the PDF to this post)

If you like these videos, ratings are appreciated. – Jeff@another71.com

Video: REG – Dividends Received Deduction

13. Oct, 2009 7 Comments

CPA Exam Review instructor Phil Yaeger of Yaeger CPA Review has done a special teaching segment for another71.com readers over dividend received deductions for Corporate Taxation. People studying for the Regulation section of the CPA Exam will want to pay special attention to this and know how to work these problems.

Here is the scenario for the video segment:

Corporate Tax – Dividend Received Deduction

1. Corporation A has income from sales of $20,000 and dividend income of $10,000, with business expenses of $22,000. Corporation A is eligible for the 80% dividend received deduction. What is the dividend received deduction for Corporation A?

2. In the above example, assume that all the facts are the same except that the business expenses are now $22,001. What is the dividend received deduction for Corporation A?

For best results, I would work the question yourself and then watch the video. This was my strategy while going through the Yaeger REG HomeStudy and I found it highly effective.

(Phil mentions a PDF in the video, but I have copied the question on the PDF to this post)

Phil also goes over this extensively in the Yaeger CPA Review Regulation HomeStudy, which is what I used to score a 92 on Regulation.

The Yaeger CPA Review Regulation HomeStudy Course includes:

10 DVDs (approx 38 hours of teaching)

Wiley CPA Review Regulation book

Wiley CPA Review Regulation software

Instructor handouts

Instructor Hotline

You can save $150 on the Regulation HomeStudy by using the discount code(s):

1part2go

1part2go*1

1part2go*2

1part2go*3

… at checkout and get everything you need to pass Regulation for $345.

Read more about the exclusive Yaeger CPA Review discounts.

Read more about the Regulation HomeStudy.

Video: AUD – Audit Reports

23. Aug, 2009 2 Comments

In this CPA Exam Review video, instructor Gary Bulmash, CPA, of Yaeger CPA Review teaches on Audit Reports for the Auditing and Attestation section of the CPA Exam.

Video: FAR – Fixed Assets

20. Aug, 2009 1 Comment

In this CPA Exam Review video, instructor Cindy Simpson, CPA, CMA, CIA of Yaeger CPA Review teaches the difference between Revenue Expenditures and Capital Expenditures for the Financial Accounting and Reporting section of the CPA Exam.

Things to look for:

Criteria for classifying an expenditure as either revenue or capital
Financial statement treatment for each type of expenditure
Ways that the CPA Exam will try to trick you on this topic

Video: REG – Individual Taxation

18. Aug, 2009 3 Comments

In this CPA Exam Review video, instructor Phil Yaeger of Yaeger CPA Review breaks down net operating losses for the Individual Taxation portion of Regulation.

Things to look for:

Income that qualifies as “business” income on a 1040 for purposes of NOL offset from a Sched. C
Examples of income that are passive in nature and cannot be offset from a net operating loss
Carry back and carry forward rules for net operating losses