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I took REG yesterday and want to get my thoughts down before I forget …
I got a sinking feeling on the first testlet. There was a great deal of emphasis on a few less-than-obvious areas of taxation and not much at all on some pretty critical areas throughout my entire exam. I only remember flagging 3 or 4 questions in each MCQ set (I typically only flag questions that, at first glance, I have no idea about), but several of the ones I didn’t flag were questions on which I knew the basic theory and made an educated guess.
One of the SIMS was pretty tough. The others were not bad, and one I thought I nailed, but the more I think about the wording of the question, the more I feel like I may have interpreted the requirements incorrectly and got every single answer wrong. I won’t go into detail about it (because obviously), but basically, some deductions have more than just an AGI threshold limitation, and the instructions were very nonspecific as to what should be disregarded in calculating the deductible amount. It was not done in the same manner at all as the Becker/NINJA practice questions that tell you to disregard certain limits, phaseouts, etc. It really pisses me off because I had that topic down cold, and I don’t want to miss every point from that SIM over not understanding the directions. Makes me hope it was a pretest question and that they are just gauging how candidates will interpret their instructions (AICPA, if you’re reading this, your instructions sucked. Try harder.).
Anyway, aside from that, just a lot of very nitpicky questions, as in very obscure details and terms, some of which I could not even find in the Becker textbook afterwards and had to google. And I was shocked by how few questions I got on some incredibly obvious and important areas that I intentionally studied backward, forward, and sideways, due to the content specification weights on those areas. The worst score I got on any of the progress tests I took was a 75, so I’m hoping it was just test day anxiety that had me thinking this was worse than it was. Then again, all of my progress tests combined didn’t have as much BS on them as my actual exam. I definitely walked out feeling like I blew it, and I am mentally preparing myself to take this one again in the next window.
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