[Anonymous]

Having just taken the REG exam yesterday and, against all hope and serious prayer, fearing I will have to take it again. Here’s what I am looking for.

The most difficult topics for me to understand and memorize (because there are lots of lists associated) are:

Net Operating Loss

Alternative minimum tax (corporate and individual)

Sole proprietorship basis from creation to dissolving the company and converting assets to personal use/selling them.

Partnerships from creation and basis issues through operation for a year or two and ultimately through distributions and ultimately liquidation.

C and S corps from creation and basis issues through operation for a year or two and ultimately through distributions and ultimately liquidation.

All of the courses cover basis and distributions and liquidations in MCQ’s but none have a large comprehensive example like you might see on a SIM. So when you get to a SIM with tons of extraneous information and is much more comprehensive than a basis question…..it’s overwhelming.

Do any of the review courses have this?

[KasiaS]

I absolutely recommend NIU Correspondence. I used this review for all 4 sections and everything that you're looking for is covered completely in depth.

Just to give you an example, there is one booklet completely devoted to Corporate Taxation, C corps and S corps and it is 217 pages long with extensive multiple choice questions and full-blown SIMs created by the instructors – they're actually harder than anything you'd see on the exam. The audio portion spends 6 lecture hours just on these topics.

NOLs, AMT, partnerships, etc. It was all covered extensively well by the instructors and many of these topics had SIMs prepared for you to practice.

I honestly can't say enough great things about it!

FAR 88 (07/15/11)
BEC 83 (08/31/11)
AUD 81 (10/15/11)
REG 83 (11/26/11)

Used NIU Correspondence CPA Review

[Anonymous]

Nice thanks.

[Anonymous]

Nice thanks.

[Author]

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