Jeff - another71.com
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Jeff - another71.com

2017 CPA Exam Changes

2017 CPA Exam Change Date (Concepts): January 1, 2017 2017 CPA Exam Change Date (Exam Format): April 1, 2017 See Also: How to Pass the CPA Exam

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Regulation Tips

One curveball that the CPA Exam could throw at you for Regulation are items not deductible on Form 1065 Schedule K, but that instead flow through to the K-1 such as: Investment interest Foreign taxes paid Charitable contributions 179 expense See Also: Free CPA Exam Notes

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Podcasts

CPA Reviewed #74: Wednesday January 25, 2017 1. Alejandra – Is it doable to study REG in 5 weeks and AUD in 4 weeks? I work full time but I could use 2 week vacation to study for these exams. 2. Robby – The first time I took AUD, I made a 73. I took a little break from studying and then returned when I felt mentally ready. I got frustrated using my expensive CPA Review Course (for a number of reasons). I decided to use Ninja notes only for my retake and I passed with a 78. How reasonable in your opinion is it for me to simply pass the rest of my exams with only NINJA Notes. 3. Kimberly – I passed these tests in 2009, but never filed for the license. Can I still do that, or do the test results expire? 4. Jon – Quick questions

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Podcasts

CPA Reviewed #73: Monday January 23, 2017 Like the Podcast? Please Subscribe and Review! [Listen on iTunes] [Listen on Stitcher] [Listen on Tunein] Want to be on the Podcast? Ask Jeff Facebook Live 1. Tracy – Congrats on the new baby!! Your wife is a trooper! I am taking REG again for the 5th time in February…got a 69 in July and 70 in December. On the Ninja Notes, in the partnership section it says the below:     Items not deductible on Schedule K         Instead these flow through the Partners’ K-1:             Investment interest             Foreign taxes paid             Charitable contributions             179 expense But on an actual Schedule K those items are deducted. What am I missing? Gross Sales (Except for partners) (Accrual basis only) (payments to partners are OK) (except 179) = Ordinary Business Income ITEMS NOT DEDUCTIBLE ON SCHEDULE K Instead, these flow to Partners’ K-1 o Investment Interest Expense o Foreign

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