REG Study Group Q4 2018

CPA Exam Review CPA Exam Forum REG REG Review REG Study Group Q4 2018

This topic contains 201 replies, has 118 voices, and was last updated by  jaya 1 week ago.

Viewing 30 posts - 31 through 60 (of 202 total)
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  • #1997954

    Tncincy
    Participant

    Ughhhh, I feel so anxious. I am writing and re-writing my notes. I am listening to audio, I am doing mcq's. I am listening to audio mcq's. btw: How do you take notes on the audio mcqs without stopping the recording every two seconds? Mcq is not going good because I am getting them wrong. Anyway, I am trying to stay focused. This is going to be a long day FULL of study all day! 🙁 🙁 OK rant over, back to study.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass
    #1998371

    gryfi
    Participant

    Edan Corp. made a pro rata distribution of marketable securities in redemption of its stock in a complete liquidation during the current year. These securities, which had been purchased in 2014 for $80,000, had a fair market value of $40,000 when distributed. What loss does Edan Corp. recognize as a result of the distribution?
    A) $0
    B) $40,000 long-term capital loss
    C) $40,000 Section 1231 loss
    D) $40,000 ordinary loss

    Answer is B.

    I thought that if a company was redeeming back it's stock it would recognize $0?? Or is that a different type of question lol

    #1998386
    Allsheneededwassome
    Allsheneededwassome
    Participant

    1. Idk when I’m taking this exam in Q4. But I need to be done. I’m going to guess thanksgiving realistically
    2. Most comfortable with individual
    3. Least with entity and business law although i haven’t started studying for anything I took it two years ago and it was such a crazy exam experience I walked out feeling like a moron and also remember being super exhausted. I remember the SIMs being crazy and my brain being fried. I hope this time it’s not such a mind f. I will approach it like all new and read from scratch as it’s been too long.

    80(E)🤦🏻‍♀️

    66,69,70,81!

    A 71,66,70,72,83!

    80(E),82 

    #1998533

    Anonymous

    1. Approx exam date (Late October, mid-November, etc) – Mid November
    2. Topic you're most-comfortable within this exam section – Property taxation
    3. Topic you're weakest in / worries you the most – Circular 230 and related discplinary actions

    #1998578

    aastha.buttan
    Participant

    1) Approx Exam Date – Early December
    2) Topic most comfortable with – Ethics, Professional Responsibilities and Federal Tax Procedures
    3) Topic least comfortable with – Entity Taxation

    AB
    #1998668

    bama
    Participant

    1. Approximate Exam Date is October 21ish
    2. Topic most comfortable with- Individual Taxation or S corp
    3. Topic Least Comfortable with: Entity Taxation or AMT

    #1998692

    Anonymous

    @gryfi, Corporate gain is recognized on liquidation unless it's a Parent-Subsidiary liquidation (parent liquidates into an 80+% subsidiary). Maybe this is what you were thinking of.

    #1998968

    kay
    Participant

    1. I’m taking REG mid November
    2. I’m most comfortable with individual taxation
    3. Worried about corporate taxation and blaw

    #1998974

    Anonymous

    1. Approx exam date (Late October, mid-November, etc)
    November 26th, 2018
    2. Topic you're most-comfortable within this exam section
    Personal income tax return as well as Regulation D
    3. Topic you're weakest in / worries you the most.
    Estates, surety's, contracts, and 1933/34.

    #1998977

    Boe
    Member

    1. Approx exam date – December
    2. Topic you're most-comfortable within this exam section – Individual Tax
    3. Topic you're weakest in / worries you the most – Business Law

    #1999001

    reshaye.greenlee
    Participant

    1. I am hoping to retake the REG exam in Late November. My goal was to be working on Audit, which I have to take by January, I missed REG in August by 2 points
    2. I am most comfortable with property transactions and business law
    3. I am having difficulty with entity taxation

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 73
    Keep pushing, becoming a CPA is possible.
    #1999007

    keithiedorsey
    Participant

    I would like to enter the Giveaway.

    1. Approx exam date (Late October, mid-November, etc) Early December
    2. Topic you're most-comfortable within this exam section I just starting studying REG with Willey CPAexcel
    3. Topic you're weakest in / worries you the most. I just starting studying REG with Willey CPAexcel

    Thanks
    KD

    Keithie Graham
    #1999046

    Tiffany
    Participant

    I am taking Reg November 17th.
    The area I feel most confident in is Business Law.
    My kryptonite is Corporate Taxation.

    #1999127

    kipchinyo
    Participant

    1. Approx exam date – Late November

    2. Topic you're most-comfortable – probably Individual Taxation

    3. Topic you're weakest in / worries you the most – rest of the topics LOL

    #1999133

    FLACPA
    Participant

    1. I am taking REG November 21, 2018.
    2. I am most comfortable with individual taxation, specifically forms & schedules I have dealt with in the past are more familiar in my mind b/c I've had more experience using.
    3. I am weakest in Corporate taxation.
    4. I am freaking out about the upcoming REG changes.

    Praying for a pass so I don't have to test on them as I have not been keeping up. Trying to get back on CPA journey….

    With God, all things are possible!
    #1999139

    nikeyaelmore
    Participant

    1. I am giving my REG exam on 16th October 2018
    2. I am most comfortable with Individual Taxation
    3. I am weakest in government regulations
    AUD – NINJA in Training
    BEC – NINJA in Training
    FAR – NINJA in Training
    REG – NINJA in Training

    #1999142

    joroth77
    Participant

    1) I plan on taking REG as soon as I can since I am also taking AUD Dec 10. I missed passing REG by a few points in August.
    2) Comfortable with Individual and most Entity taxation
    3) Weak at C corp and Business Law. Struggle with Book to Tax.

    I solely used Becker for REG. Feel like I need Ninja to supplement.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 67
    JL
    #1999145
    breakfastonmonday
    breakfastonmonday
    Participant

    Hi All,
    I am coming back into the fold after the birth of my son, and would like send everyone on here positive energy.
    1. I plan to sit for the REG exam on November 10th.
    2. I am comfortable with business law & ethics
    3. I need a little more practice the Securities Law.

    I am currently using the Gleim Self Study Review Course.

    However beautiful the strategy, you should occasionally look at the results. - Sir Winston Churchill
    #1999163

    Anonymous

    1. Exam scheduled for October 29th
    2. Most comfortable with Ethics and Individual Taxation
    3. Weakest area is Business Law

    #1999205

    Anonymous

    1. I am currently studying for the REG exam to take in Early November.

    2. I actually work in tax for a CPA firm and I am fairly comfortable with that portion of the exam. A lot of the topics I have address throughout my career, however I am trying to pass it now to avoid the 2018 tax law questions to come into play. I have enough studying to do on that just for my job come this winter.

    3. The business law portion does make me nervous. I feel like I am learning and making progress here, but I do feel it is a lot of memorization and luck at times that gets me the correct answers when taking the multiple choice study questions.

    I just recently took and AUD exam twice and made a 74 & 73 back to back. So my morale isn't the greatest at the moment.

    Good luck to everyone sitting soon!
    -C

    #1999208

    wilchcombe.aac
    Participant

    1. Approx exam date – Late November
    2. Topic you're most-comfortable within this exam section – Ethics/Individual Taxes
    3. Topic you're weakest in / worries you the most.- Corporate Taxes

    #1999211

    Taylor
    Participant

    1. 11/3/18
    2. None of it.
    3. All of it.

    LOL

    #1999244

    Sean.M
    Participant

    Approx exam date: Early December.

    Topics most comfortable with: Individual Taxation, Corporate Taxation, Federal Securities Act, Business Structures, Contract Law, Secured Transactions Bankruptcy and Debt, Agency Law, Employment and Environment Law.

    Topic you're weakest in / worries you the most: Partnership Taxation, Gift and Estate Taxation, and M1 reconciliation in corporate taxation.

    Time to knock out REG in 2018.

    #1999262

    Anonymous

    1. Taking REG Early December
    2. Most comfortable with individual taxation
    3. Weakest in Business Law, fines, penalties. Some Ethics

    AUD – N/A
    BEC – N/A
    FAR – N/A
    REG – 70, Attempting again with Ninja

    #1999475

    lsyds27
    Participant

    1. Retaking it Dec. 4
    2. Strongest in Individual Tax and Ethics
    3. Weakest in Corporate Tax

    #1999478

    Matt
    Participant

    1. November 1, 2018 – Got a 73 for the 2nd time in a row!!! This will be my 4th time on REG..they should offer a buy 3 get one free option.
    2. Federal Tax of Property Transactions / Business Law
    3. Federal Tax of Entities

    I have used Wiley/CPA Excel as my study/MCQ/TBS prep. I have done countless MCQ/TBS questions. Any recommendations for a supplemental MCQ/TBS program? I am testing Ninja out on the 3 day trial now and it seems good.

     

    #1999517

    cmentzer
    Member

    1. Approx exam date – December 10th
    2. Topic you're most-comfortable within this exam section – Probably ethics and professional responsibilities.
    3. Topic you're weakest in / worries you the most – Federal taxation of entities…

    Actually, REG in general is my weakest area, so it will be my first exam….

    #1999550

    sg235
    Participant

    1. Mid to Late October
    2. Individual
    3. Corp. Tax and Bus Law

    AUD - 86
    BEC - NINJA in Training
    FAR - 80
    REG - NINJA in Training
    REG-73, retook Oct. 2018 now waiting fingers crossed 12/11

    BEC-12/6

    #1999553

    sg235
    Participant

    1. Mid to Late October
    2. Individual tax
    3. Corp. Tax and Bus Law

    AUD - 86
    BEC - NINJA in Training
    FAR - 80
    REG - NINJA in Training
    REG-73, retook Oct. 2018 now waiting fingers crossed 12/11

    BEC-12/6

    #1999571

    sg235
    Participant

    Does anyone have some suggestions on how to tackle business law? I got a 73 this past window and I want to re-take as soon as possible.
    I must admit I did not study much bus law the first time and the Bus Law section alone in Wiley is over 900 questions yet it only makes up 10-15% of the exam so I don't want to get stuck in it but I don't want to lose points either again over it.. any suggestions other than “STUDY IT”? Thanks

    AUD - 86
    BEC - NINJA in Training
    FAR - 80
    REG - NINJA in Training
    REG-73, retook Oct. 2018 now waiting fingers crossed 12/11

    BEC-12/6

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