REG Study Group – Q2 2018 - Page 7

Roth IRA phaseout starts at $186K for MFJ.

Traditional IRA deductible phaseout starts at $99K for MFJ if the taxpayer has employer-sponsored plan.

@Vorobjeva44
Good luck!
You’re probably nervous because you’re well prepared.
Your score was very close. You can do it! Kill REG!

Hi All,

I have a stupid question on itemized deduction for medical expense. If over-the-counter medicine/supplement is recommended by doctors, is it deductible?

Thanks!

Thank you girls. Just got out of the exam😨 Feeling tired and unsure. 1st testlet was ok, 2nd got harder- I could see it after few calculation questions… Blaw – i could skip it that time… Maybe 7 straight forward questions in total 2 testlets. Lots of entity, ethics, property transactions- individual tax question were easy… Then TBS… Research question -I hope i’ve got it right. 4 others I think like 70% i was doing a right thing… But rest 3 of the 8- hope to get 50% from those 3. Of course I wish that 1 that I failed the most could be pretested. But I could not recognize which one of them was pretested- all material was in Becker, nothing strange… Last time when I ve got 73, I felt myself more confident- so lets pray this is a good sign as I feel myself as a big “sim” looser. 🙁 My advise – do all sims on TAX, like 3 times each at least. Do not skip! Especially entity! You can pass without blaw, but you should know TAX! So #1- entity taxation, #2-indiv.tax, #3 -ethics, and only after blaw. Good luck guys! If I didn’t pass my BEC is expiring on June 30. So I will update you on June 27 🙂 🦋 Off to Audit group! 🌸

Okay so I'm not super solid with employee stock options. Seems like a bunch of little details and rules to have to learn.

So my question is this; does the CPA test on these in detail? Like I understand the general concept of them and when to count as income, just confused with the FMV aspects and the types. Is it worth spending extra time on if they only end up asking 1 or 2 questions?

Hi Everyone,

I'm just finished wrapping up tax season. I will be jumping in starting Monday to study for REG.

Exam is Friday and I am at a stand still in my studies. I am trending 89% on Ninja after doing 2500 questions. What do you guys normally do 1 week out?