How to Approach REG?

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    Topic
  • #2225745
    Get it done
    Participant

    I recently started studying for REG using Becker. I am on R2, and so far it has just been a bunch of different facts all thrown together. There seems to be no flow to it, or no format helpful for learning. I know that is essentially how the Internal Revenue Code is set up, but this is only a little better. So I just want to ask for advice from everybody else going through this: what do you think is the best approach for learning REG? On other sections I did a lot of MCQs, so is that my best bet?
    Thanks!

    AUD - 78
    BEC - 93
    FAR - 81
    REG - 84
    Philippians 4:6-7
Viewing 4 replies - 1 through 4 (of 4 total)
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  • #2226639
    CH89
    Participant

    I'm currently studying REG, with my exam tomorrow. For me, I found doing a lot of MCQs really helped bring all the information together. If MCQs helped you on prior sections, I am sure it will probably help with REG too. Good luck!

    AUD - 84
    BEC - 82
    FAR - 76
    REG - 79
    What a journey! It took me 12 attempts, do not give up, keep going! Praise God!

    Passed Exams: 8/25/2020

    Licensed in Pa: 11/24/2020

    #2226654
    Steven K
    Participant

    Doing tons of MCQ's is your best best. Although it may seem like there are a bunch of topics thrown together in a given chapter, remember that they all relate in somehow. So for example, if I recall correctly, REG 1 and 2 deal with Individual Tax only.
    It's definitely important to get through the individual tax stuff but I will tell you that the corp stuff and BLAW are much more heavily tested.
    What I personally did at first was read through the book in a relatively short period. I didnt focus on whether or not I knew every single detail but just wanted to get a general understanding of each topic. Then I went back and drilled into each section to really grasp the stuff I didn't understand. If it helps, make Flashcards for all the different phaseouts, fees, etc. Hope that helped. Good Luck!

    "If you put in the extra effort at the beginning, the process won't take as long."

    FAR - 81 (11/10/18)
    AUD - 79 (12/8/18)
    REG - 84 (1/22/19)
    BEC - 84 (2/13/2019)

    #2227395
    watermelon
    Participant

    I have a small suggestion. Before you go into Chapter 3, you could take a look at Chapter 8, Module 5 first. This module actually explains different business structures like Sole Proprietorship, C corp, S corp etc including definition, some basic rules. I wish I studied this module first!!!!

    AUD - 77
    BEC - 89
    FAR - 91
    REG - 84
    I AM not DONE yet!!
    #2228103
    Jimmy Dugan
    Participant

    I think MCQ is always the answer. The questions put the information in the context needed to answer correctly on the exam. You passed 2 already, so I wouldn't reinvent the wheel. When I have moved onto whatever exam section is next at the time, I have always looked at it and said, “Oh well this information is completely different than X exam that I just passed, so it is going to require a completely different approach.” That never turns out to be true.

    Do what's worked for you already.

    AUD - 95
    BEC - 87
    FAR - 84
    REG - 90
    You're killing me Smalls

     

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