Changes in Regulation July 1 no, effective January 1 2014

  • Creator
    Topic
  • #178017

    Gleim sent this email to me, this is true???

    For the federal taxation area, the Internal Revenue Code and Treasury Regulations in effect 6 months before the beginning of the current window may be tested. Changes in the federal taxation area, the Internal Revenue Code, and federal taxation regulations may be included in the testing window beginning 6 months after the change’s effective date or enactment date, whichever is later.

    Author’s Note: By adding the phrase “or enactment date, whichever is later,” the AICPA is allowing 6 months to pass after retroactive changes are enacted. For example, a tax law change on June 1, 2013, retroactive to June 1, 2012, cannot be tested until January 1, 2014, rather than July 1, 2013, as under the old rules.

    FAR: 91, first attempt

    BEC: 86, first attempt

    AUD: 99, first attempt

    REG:???

Viewing 9 replies - 1 through 9 (of 9 total)
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  • #427875
    Anonymous
    Inactive

    I am considering to start studying for FAR , but if REG gonna change I have to start with REG first

    #427876
    jeff
    Keymaster

    Here it is in NINJA-English:

    For July exams, you will need to know the updated Section 179 amounts for 2013.

    Is this a big deal? No. There are some slight tweaks.

    The updated NINJA Notes will be out Monday. HiYa!

    #427877

    Ok. thanks.

    FAR: 91, first attempt

    BEC: 86, first attempt

    AUD: 99, first attempt

    REG:???

    #427878
    Anonymous
    Inactive

    Jeff what about taking REG after July ?? Lets say on January 2014

    #427879
    laserglare
    Member

    someone answer ^Aqeel's question please Are there major changes for REG in jan 2014, i've looked but can't really find a definite answer.

    #427880

    I haven't heard of any major tax law since January 1 that would impact the CPA exam. So I would imagine that the same tax law will be tested from 7/1/2013-6/30/2014. Hopefully Jeff can confirm!

    #427881
    jeff
    Keymaster

    Q1 and Q2 2014 exams will test 2013 tax law.

    #427882
    Kenada
    Member

    Hello Jeff for the update on the Reg notes – will you be issuing a link in the email so those that have bought the notes earlier this year can get the update ?

    FAR 05/27/14; 786/110 - Done !

    #427883
    jeff
    Keymaster

    Sure thing – If you need the July update – just email me

Viewing 9 replies - 1 through 9 (of 9 total)
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