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  • in reply to: VERY LOW FIRST SCORE #3032901
    Lily
    Participant

    Just to follow up on this thread, I am here to tell you that I am done. After two years of study and many things happening in my life (a job, two kids, a house' refurbishment, my daughter's hospitalization, a car accident, and etc.), I am finally done. I took the exams 11 times.

    FAR 46 3rd quarter 2018
    FAR 70 4th quarter 2018
    FAR 60 1st quarter 2019 Aud 64 1st quarter 2019
    FAR 77 2nd quarter 2019 Aud 75 2nd quarter 2019
    Bec 61 3rd quarter 2019
    Bec 64 4th quarter 2019
    Bec 76 1st quarter 2020 Reg 58 1st quarter 2020
    Reg 81 2nd quarter 2020

    If you have received bad news from today's score release, please don't be discouraged. Be strong. Continue tomorrow. I was there. I know that feeling. Buy a new notebook or markers. Put fresh flowers or a candle on the desk. Just find the way to open de book on the first page once again. You will be on the finish line sooner than later. To all of you that have failed multiple times, my respects. You can do this. Go for it!

    in reply to: Score Release 6/23/20 #3029703
    Lily
    Participant

    Nobody cares about us. We are alone on this journey. They just said it is “due to a delay in processing”, no apologies, they don't care.

    in reply to: Prometric Cancellation #3019638
    Lily
    Participant

    I didn't wait for the email. Call this phone number 1-800-936-2433 Monday thru Friday from 8:00 am to 5:00 pm, be prepared for a long hold. They will reschedule your test immediately. I was on hold for 4.5 hours.

    in reply to: Prometric Cancellation #3018234
    Lily
    Participant

    You said it. It just to add more stress to candidates. I had the same issue last year during Hurricane Dorian. They closed for 4 or 5 days knowing that Miami🌀 weren't in the forecast path of Hurricane Dorian and didn't expect to see tropical storm conditions.
    It is the same test center that was closed today, without explanations. I have learned the lesson that's why I rescheduled it in Forlauderdale, 45 miles away.

    in reply to: Prometric Cancellation #3018027
    Lily
    Participant

    Thank you for your comments. They picked up the phone after 4.5 hours. I rescheduled for June 10th.
    For others with the same problem, the phone number is 1-800-936-2433 be prepared for a long hold but it works.

    in reply to: Prometric Cancellation #3017913
    Lily
    Participant

    It is my last exam too.I am in Miami, Florida. This is so frustrating. I will do that, I am still on hold on the phone 4h already. Thanks!

    in reply to: Prometric Cancellation #3017781
    Lily
    Participant

    Hello everyone,
    Prometric has canceled my appointment one hour before the exam today.
    I have tried to contact them by phone but it has been impossible nobody answer (1-800-936-2433).
    I would like to reschedule as soon as possible, before the 10th.
    I cannot reschedule by myself because my appointment still scheduled.
    What should I do?
    Thank you!

    Here is the cancellation email
    4 Jun. 2020 6:53 am
    Dear Candidate,
    We trust this email finds you well.
    We are sorry to inform that your scheduled testing appointment with the details below will be cancelled.

    Exam Name: CPA
    Exam Date: 6/4/2020
    Please do not go to the test center. _____(I WAS ALREADY THERE)

    Prometric will reach out to you again within the next 5 to 7 business days (WHAAAT? 7 BUSINESS DAYS?) to assist you with the next course of action on your impacted exam appointment. Please check your email from time to time for any updates on the next steps of your exam.

    Due to unprecedented volumes on our phone lines and email requests, responses during this time will be significantly delayed (I HAVE BEEN ON HOLD FOR 2.5 HOURS). We encourage you to visit http://www.prometric.com to view site closures (MY TEST CENTER APPEARS OPEN ON THAT LIST), openings and to obtain updated information on the status of our operations.

    in reply to: Charity deduction question #3002469
    Lily
    Participant

    Oh yes, I answered for individuals.
    Thank you Han.

    in reply to: Charity deduction question #3002448
    Lily
    Participant

    Yes, he can.

    Remember, taxpayers who do not itemize deductions may not deduct charitable contributions.

    CASH CONTRIBUTION can deduct up to 60% AGI.
    PROPERTY CONTRIBUTION can deduct up to 30% AGI.

    CARRY FORWARD THE EXCESS FOR 5 YEARS.

    in reply to: NINJA REG MCQ #3002331
    Lily
    Participant

    sorry, boot received is the sum of debt relief 60, 000 + cash 12,000 ( I forgot the cash) = 72,000

    New basis = 65,000

    in reply to: NINJA REG MCQ #3002310
    Lily
    Participant

    Hello,

    first, calculate what you received cash 12,000
    + FMV property 65,000
    less the debt 52,000
    _________________________________________________
    you got 25,000

    less BV of your property 70,000
    plus relief of debt 60, 000
    ________________________________________________
    realized gain 15,000

    Recognized gain is the lesser of Realized gain 15, 000 or boot received 60, 000 (debt relief in this case) = 15,000

    New basis = BV given+Gain recognize + boot paid or liability received-Boot received or liability paid
    = 70,000+15,000+52,000-60,000=77,000

    Hope this helps.

    in reply to: REG – BLaw #2940054
    Lily
    Participant

    Following this post since I am on the same boat.

    Lily
    Participant

    Good morning,
    Yes, correct, see example 2 page B4-4 (module 1) (Becker)


    @Natalierose
    , how was the WC?
    Thanks.

    in reply to: Continuous Testing #2858868
    Lily
    Participant

    CPA exam scores release dates are out for only the first two quarters of 2020, which hopefully means something.

    in reply to: Official I Passed BEC Thread #2783109
    Lily
    Participant

    Congratulations @Vanquished!
    Can you please recommend me topics to prepare for the WC?
    Thank you!

Viewing 15 replies - 1 through 15 (of 22 total)