REG Study Group - Page 5

Viewing 15 replies - 61 through 75 (of 694 total)
  • Author
    Replies
  • #2174569
    zettrawl44
    Participant

    @Determined24 I’m not sure yet. I’m going to focus on getting through the material again, but I’m shooting for end of February beginning of March.

    AUD - 75
    BEC - 80
    FAR - 64
    REG - 68
     

     

    #2175436
    jaya
    Participant

    Need your help on the below question . Can you answer this ?

    Mr and Mrs are born in united states. On behalf of their work Mr stayed in US Virgin Islands for 4 months and returned back to US rest of the year. where as Mrs stayed in US virgin islands for 6 months on behalf of her work and the reminder of the year she is in US. They want to file their Tax return as Married filling jointly. Which section of the code determines their filing status

    FAR - 87 ( Expires 04/13/2019)

    BEC - 77 (Expires 09/09/2019)

    REG - 71 , 81(Expire in jun 2020)

    AUD - 57 , 68

    #2175439
    jaya
    Participant

    Need your help on the below question . Can you answer this ?

    Mr and Mrs are born in united states. On behalf of their work Mr stayed in US Virgin Islands for 4 months and returned back to US rest of the year. where as Mrs stayed in US virgin islands for 6 months on behalf of her work and the reminder of the year she is in US. They want to file their Tax return as Married filling jointly. Which section of the code determines their filing status

    FAR - 87 ( Expires 04/13/2019)

    BEC - 77 (Expires 09/09/2019)

    REG - 71 , 81(Expire in jun 2020)

    AUD - 57 , 68

    #2176156
    Determined24
    Participant

    @Zettrawl44 Ok our scores are close; I started studying the day the score released because I feared waiting too long and losing what I knew already. Well, now I am counting on NINJA to get me over the pass mark because I failed so many times with the same review course. As they say, don't do the same thing and expect different results.

    All or Nothing
    #2176276
    Typical
    Participant

    I think you are going to be very out of date with v 3.1. you should try to pick up the new book in my opinion!

    AUD - 77
    BEC - 79
    FAR - 78
    REG - 79
    The Notorious B.I.G ~ " No need to worry, my accountant handles that "
    #2176639
    kakooakki
    Participant

    Thank you @typical

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    SICK OF HAVING THE CPA CLOUD In my life
    #2179552
    Typical
    Participant

    Got my exam a week from tomorrow guys! I've been very busy with work and personal things going on but I'm trying my best. I have been trying to continue to look at mock exams and I'm going to spend a few hours and really master the QBI rules this weekend because I feel like its going to show up on my simulations. If anyone who has taken the test recently has any advice, would be very appreciated!

    Thanks and good luck guys !!

    AUD - 77
    BEC - 79
    FAR - 78
    REG - 79
    The Notorious B.I.G ~ " No need to worry, my accountant handles that "
    #2179561
    Hopefulfor75
    Participant

    Hi all!

    Have my (hopefully) last test scheduled for 1/30/19. I am doing great in individual, ok in property & entity, and horrible in b-law…. Need to pass as I am heading into audit busy season and AUD expires 1/30/19 if I do not pass.. Anyone take REG this quarter yet? How are you feeling?

    BEC - 82
    AUD - 82 (EXPIRED 1/31/19); 74

    REG - 64, Retake 6/1/19

    FAR - 68, 60, 80

    Not giving up...

    #2179570
    Typical
    Participant

    @Hopefulfor75 hey man kind of in the same boat as you im taking my test on 2/1/19 tho. I feel comfortable with most of the individual stuff and most corporate. a little uneasy about section 1250 and such…and some things in regards to trusts and estates. business law i feel good with atm so im happy about that. wishing you the best of luck!

    AUD - 77
    BEC - 79
    FAR - 78
    REG - 79
    The Notorious B.I.G ~ " No need to worry, my accountant handles that "
    #2179591
    Hopefulfor75
    Participant

    @Typical

    Thank you, you too! I guess I'll see you in the score release thread. I feel like I honestly have no idea how I passed FAR, total crapshoot and really have to believe in the curve after that exam. My other ones I knew I passed. Hoping I get some kind of miracle with REG as long as I'm close….

    BEC - 82
    AUD - 82 (EXPIRED 1/31/19); 74

    REG - 64, Retake 6/1/19

    FAR - 68, 60, 80

    Not giving up...

    #2179603
    TheoneinDenver
    Participant

    @zhenni:

    Section 1245 is a mechanism to recapture at ordinary income tax rates allowable or allowed depreciation or amortization taken on section 1231 property. Allowable or allowed means that the amount of depreciation or amortization recaptured is the greater of that actually taken or that could have been taken but was not. Another words I agree with your logic.

    Denver
    #2179606
    Determined24
    Participant

    @Hopefulfor75 I notices the huge jump in your scores? What did you do differently? Did you switch courses too?

    I am going in for REG retake; have not schedule as yet but I feel ok in most except this new QBI I read the text plus several articles and my eyes just keep rolling. Plus I am not seeing a lot of mcq or tbs in the review course.

    All or Nothing
    #2179615
    Determined24
    Participant

    @Jaya try
    U.S. Code Title 26. INTERNAL REVENUE CODE Subtitle F. Procedure and Administration Chapter 61. INFORMATION AND RETURNS Subchapter A. Returns and Records Part II. TAX RETURNS OR STATEMENTS Subpart B. Income Tax Returns Section 6013. Joint returns of income tax by husband and wife

    The answer may be in that section somewhere. I would still think they can file jointly as on the last day of the tax year they were both married and US citizen and reside in the US since they returned to the US by year-end. The code title 26 above is where I could find so far that refer to this situation.

    All or Nothing
    #2179789
    Hopefulfor75
    Participant

    @Determined24, what review course are you using? I am using Wiley CPAexcel and I've thought it's done a great job. Honestly, the score jumps are from not taking a risk and assuming I could get by with knowing 60% of the material. So I made sure I at least did a very basic review on everything I had a hard time with, but no way I knew more than 80% of the material going into the exam.
    FAR, I didn't put insanely more effort from the two times I didn't pass, so I have no idea what changed there… I do remember that my tests were insanely different, and I got “lucky” with the material I received on the third one.

    BEC - 82
    AUD - 82 (EXPIRED 1/31/19); 74

    REG - 64, Retake 6/1/19

    FAR - 68, 60, 80

    Not giving up...

    #2180008
    Determined24
    Participant

    @Hopefulfor75 I am using Wiley too failed so many times with it, and it keeps drawing me in due to their access until you pass with updates. However, now I am hoping to get through with NINJA.

    All or Nothing
Viewing 15 replies - 61 through 75 (of 694 total)
  • You must be logged in to reply to this topic.