How to study entities taxation for REG?

  • Creator
    Topic
  • #851482
    Porma Fierles
    Participant

    OK, so now I can somewhat handle individual tax. But for whatever reason entities tax does not make sense to me. I have a 37% section score right now for entities. Tips?

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    Replies
  • #851533
    kcoops44
    Participant

    What topics are you specifically struggling with in regards to the entities? Is it DRD, CC, distributions, contributions, liquidations, like-kind exchanges?

    #851538
    Porma Fierles
    Participant

    When I do a detailed analysis, honestly, everything is low scoring. For example, C corps, tax treatment, s corp, partnerships, tax exempt orgs. I made notes from becker's book but clearly somehow I did not remember a lot of it. Compared to my section score now, partnerships, tax exempt orgs, s corps have very very low scores.

    #851575
    Substantive Testing
    Participant

    Do a set of 10, see what you get, and analyze why you got some of them wrong. Could be multiple reasons such as special rules you havent cover yet, confusing one entity form from another entity form, confusing individual tax with corporation tax, not fully clear on distributions and contributions rules, and etc. If you narrow what the real problem is, solving it will be a breeze.

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