[Anonymous]

I am curious if the 2011 Wiley book for Regulation is outdated and cannot be used to study with for an exam in the last window of 2011. I know some numbers have changed and I’m unsure as if the exam in November will test us on the new changes (ie: 179).

Anyone have any ideas if using the Wiley questions/book is okay, taking into consideration these changes?

[Anonymous]

The Wiley REG book is a bit outdated, especially in the Individual Taxation module. And there is nothing on Circular 230 and that is roughly around 15% of your exam. So, you definitely need to study that topic.

I just bought the Gleim 2011 book for REG and while there are some outdated portions, they have a bunch of updates posted on their website as PDF files, so they really make sure they're current with everything. I would recommend the Gleim book for now until Wiley gets their act together. Hopefully, the 2012 book will be better.

[rgibson3rd]

Totally agree with CPAMan….I used Yaeger/Wiley and was not prepared for Circular 230. Definitely need to know it.

BEC (11/10) 77 (Bisk)
FAR 7/2 - 63 11/5 - 80 (Yeager - Fail, Becker - Pass)
Reg (08/11) - 78 (Yeager)
Aud - 11/29 - 78(Yeager)

[RedRage00]

Is the Wiley online test bank updated for these changes? Does anyone know?

Texas CPA
Licensed, March 2012

[Anonymous]

definitely outdated…Dodd-Frank Act, Circular 230, etc….I would get an updated review book/course

[jeff]

The REG NINJA notes cover all of this as well.

[RedRage00]

Wiley may have sent an update. I know I printed out some material from Yaeger for the Wiley book. I just haven't gotten around to reading what it is lol

Texas CPA
Licensed, March 2012

[Anonymous]

Circ 230 is pretty basic stuff, just remember

– Inform your client about actions of non-compliance and consequences of such

– Don't snitch on your client to the IRS if there is non-compliance

– Don't aide your client in non-compliance

– If you're in trouble, you can't represent your taxpayer before the IRS but you can prepare tax returns, answer to IRS requests, and be a regular witness

– Don't do obviously stupid illegal things that would have obvious repercussions

– The director of office of professional responsibility will crack the whip on you for violations

[Anonymous]

@Jeff- I didn't see them on my Ninja notes. Were these recently added? If so, any chance I can get updates sent to me? Or did I just miss it??

[ToCPA2011]

opps. I just purchased the Wiley book. Anyone has the 2012 version? Will it be better?

[Author]

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