Video: Trump Tax Reform and Impact on REG: 2018 vs 2019



NINJA Monthly member Justin writes in, “How drastically is the REG section of the CPA Exam going to change? I'm trying to decide which section of the exam to take next. I have already studied for regulation and got a 69. I'm not sure if it's best to try to pass regulation now before the exam changes or wait until after. Any thoughts would be helpful.”

Okay, so what Justin is asking is about the Trump tax laws, and they are not testable on the CPA exam in 2018, thankfully.

And so they will be eligible for testing on the CPA Exam in January of 2019, so any changes that are testable in July will be pretty minimal.

And so, there's still some question as to what changes get lumped in as part of the Trump tax laws, so estate tax, threshold, things like that. So does that get lumped in with the estate, or with the Trump tax laws or is that just a normal part of, so every year, the CPA exam updates its Section 179 expense and estate tax thresholds, things like that.

The regulation exam typically doesn't test on just withholding amounts and things like that because that's just too in the weeds for the CPA exam. And so it will be interesting to see as we get more clarification heading into July exams, June, July exams so that the CPA review providers can make sure that their materials are updated.

But the July regulation updates are not going to be a big deal. January 2019 regulation changes are going to be a big deal. So stay tuned.

Related Posts

July 2022 CPA Exam Changes

July 2022 CPA Exam Changes | Another71 Podcast 102

This CPA Exam podcast covers: July 2022 CPA Exam changes Erin (DOJO) Currently I am hammering out MCQs. I did poorly on the SIMS but did not feel like any of the practice SIMS I did with (CPA Review course) set me up to succeed. Gary (DOJO) I took auditing 5 times 68,70,71,74,71. I am […]

How to Recover from a 30 on the FAR CPA Exam using Becker CPA Review + NINJA

This CPA Exam Study Tips video covers How to recover from a 30 on the CPA Exam How to study with Becker CPA Review and NINJA Why re-studying in 4 weeks is a bad idea

CPA Exam Mask Mandates Lifted | Hardest CPA Exam Era

YouTube Shorts Video (they don’t embed, apparently)

Pass FAR CPA Exam in 3 Weeks | CPA Exam Study Tips

Starting things off with Krishma. Jeff, I’m studying for my third FAR attempt. My previous scores were 70 and 68. I’m planning to take my exam three weeks from now. Please tell me how I should start and what I should focus on. If your exam is three weeks from now and you’re just starting […]

Leave a Reply