[jeff]

Welcome to the Q4 2017 CPA Exam Study Group for REG. 🙂

Introduce yourselves and let your fellow NINJAs know when you plan to take your REG exam.

The Five Steps (NINJA Framework): https://www.another71.com/pass-the-cpa-exam/

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[pharaoh]

@Lamis you asked “Guys any idea how to opt out the questions tried before in ninja MCQs ? Since I'm trying to do only the questions not seen before and can't make it.”

Select “Custom + Sims” and then Questions Selected From pick “New Questions”

AUD - 93
BEC - 79
FAR - 84
REG - 83

Roger & Ninja MCQ

DONE

FAR 8/2016
AUD 1/2017
REG TBD
BEC TBD

[HoldMyBeerCPA]

Hello, my name is Turbo of House Sandwich… first of my Name, King of the Procrastinators, Lord of the Rants on the CPA Exam and Protector of my Family, shall enter the Great War with Regulation on the 10th day of September.

"FACT": The odds of consecutively passing all four sections of the CPA exam on the first try: 7%.

Me: Hold my beer...

FAR (April 2017): 75+

BEC (May 2017): 75+

AUD (July 2017): 75+

REG (September 2017): 75+

Roger + Ninja Audio/MCQ/Notes (BEC & REG)

[mashloum]

Hi
I am Esam and I am planning to re-perform the REG again after the first attempt on 23 of May 2017!
I switched from Gleim to Surgent, hope this will help for a quick study since my exam date on 3rd of Oct 2017 before losing the FAR credit on 4th of Oct 2017!

AUD - 81
BEC - 88
FAR - 77
REG - 80

mashloum

[almostCPA]

Hi there! I failed REG 3 times and have to retake it again before Oct 11th (before my AUD credit expires). I'm using Gleim and Ninja MCQ, Notes and Audio. I got 72 on my latest attempt. The score report says I was stronger in every topic besides Corporate Tax; I was comparable in Corporate Tax. How the hell did I manage to fail with this kind of score report, I have no clue.
Anyways, here I am. Planning on overstudying this time. 4th time's a charm? lol

AUD - 81
BEC - 78
FAR - 76
REG - 72

4th time's a charm?

[Darya]

Hi everyone! I'm Darya. I cut corners in my prep for previous attempts, so hoping to finally roll up my sleeves and learn areas I don't want to learn. I'm going to try to schedule the retake first week in December.

Taxation of entities is consistently my weakest area – studying S-Corps right now.

“Without E&P distributions are tax-free,
Unless basis ceases to be.
Then remaining distributions' excess
Becomes capital gains taxable.”
– written out of desperation –

Good luck!

AUD - 80
BEC - 75 (six days after score release date - survived dreadful "bubble")
FAR - 73, 73
REG - 72, 70, 69

NINJA Ten Point Combo

plan Jan 2017
[A] plan Aug 2016 (first exam)
[R] plan Apr 2017
[F] plan Oct 2016

[CC]

Best of luck to everyone taking REG this week! I am going to touch up on my weaker areas (estate/trust, AMT/ACE,ESO related questions) then slam Becker/Ninja MCQ until test time. So ready to get this beast over with on Friday.

"assumption is the mother of all f'ups"

FAR - 76
BEC - 74, 74, 77
REG - 76
AUD - 76

[Lamis]

@pharaoh thx but it's too late now haha my exam is in 3 hours . Wish me luck everybody

AUD - 83
BEC - 77
FAR - 79
REG - 82

It's not gonna be easy, but it's gonna be worth it!

 

[Jsn3004]

Farr, an unmarried taxpayer, had $70,000 of adjusted gross income and the following deductions for regular income tax purposes:

Home mortgage interest on a loan to acquire
a principal residence $11,000
Miscellaneous itemized deductions above the
threshold limitation 2,000

What are Farr's total allowable itemized deductions for computing alternative minimum taxable income?

Answer: 11,000.

I thought the answer was 13,000? I thought any Misc. Itemized deductions above the 2 percent threshold were deductible?
I guess according to this answer above the 2 percent deduction for Misc. Itemized deductions are added back?

FAR: Pass
BEC: Pass

[Lamis]

Just finished the exam ,it was significantly harder than the old version , had 4 DRS which was really annoying and diving into very deep details , one sim I have never seen b4 about pension plans … hopefully I'll pass anyway

AUD - 83
BEC - 77
FAR - 79
REG - 82

It's not gonna be easy, but it's gonna be worth it!

 

[CoachEmUp]

@Lamis just started studying. Would you say it's worth it to memorize Forms? For example disclosure is Form 8245 (i think) etc?

Also what about memorizing the actual section numbers of the tax law. I would expect them to ask about section 179 deductions but do they actually mention section 179?

Licensed CPA in Michigan

Used Wiley CPA Excel Throughtout
FAR- 90 (7/17)
AUD- 89 (8/17)
REG- 92 (10/17)
BEC- 94 (11/17)

[pharaoh]

@Lamis – Did you feel that Ninja prepared you for the exam?

AUD - 93
BEC - 79
FAR - 84
REG - 83

Roger & Ninja MCQ

DONE

FAR 8/2016
AUD 1/2017
REG TBD
BEC TBD

[Francis]

In reviewing schedule A itemized deductions, specifically related to medical expenses, I noticed the threshold is 10%. However, in some older material the alternative minimum tax adjustements include the transition from using 7.5% threshold to the 10% threshold. Does anyone know if there is a similar adjustment for alternative minimum tax if the regular taxable income is already calculated with the 10% threshold?

Thanks

FAR - 08/25/13 - 65, 01/09/15 - fingers crossed
REG 10/22/13 - 69
AUD
BEC

[pharaoh]

@jsn3004 – Yes the Misc 2% gets added back, the other Misc is the one that doesn't get adjusted

AUD - 93
BEC - 79
FAR - 84
REG - 83

Roger & Ninja MCQ

DONE

FAR 8/2016
AUD 1/2017
REG TBD
BEC TBD

[Lamis]

No I studied Becker and ninja MCQs and still the exam was harder than all practice exams had , I can say there was very few direct questions , other than that , everything was diving deeply into details .. the DRS was extreme annoying about partnerships and s corps , even the research q had to search for it about 10 mins till I find it ,there was one sim abt depreciation it was okay and charitable contributions & “sponsoring a team players”is that charity man? No idea lol.
Limited partner promised to contribute capital is that enforceable or should be in writing? No idea too lol
I JUST WANNA GET 75!!!

AUD - 83
BEC - 77
FAR - 79
REG - 82

It's not gonna be easy, but it's gonna be worth it!

 

[almostCPA]

@Jsn3004 When calculating your AMTI you lose your 2% deductions (if you chose to itemize). You also loose your state income tax and personal property tax deductions. So if the problem gives you amnts deducted from AGI and asks to calculate AMTI, you just simply add those not allowable items back. Hope this helps!

AUD - 81
BEC - 78
FAR - 76
REG - 72

4th time's a charm?

[Author]

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