I have little confidence that I can pass REG

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    Topic
  • #1770160
    nalratoss
    Participant

    I’m entering final review. I’m 50 days from my test. The hardest part of REG is that there’s so much information and I felt easily drowned in the ocean of information.

    It’s like if you try to remember everything you will end up miss a part here or there—that’s the worst nightmare for test taker.

    Areas I struggle with include property transaction, corporate tax (mainly the distribution, liquidation part).

Viewing 5 replies - 1 through 5 (of 5 total)
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  • #1770203
    Anonymous
    Inactive

    First I'd really focus on taxation instead of business law. I found it helpful to compare entities side-by-side to see how they differed in tax treatment. For example, capital gains. The devil is in the details.

    #1770371
    CS
    Participant

    50 days is the amount of time I see other users here spend from start – to – finish for their REG prep/review so if you strengthen your weak areas and keep reviewing your strengths you should be set. I don't mean to downplay the exam, because I'm in the same boat as you. I'm trying to finish my first go-through of material by Sunday (newborn baby is due this coming Monday) and will have 6 weeks or so to review – actually longer than it took me to finish the material itself on the first run.

    Normally I would have taken the test much sooner but with tax season, and we have a 2 year old so I am assuming my whole review/study schedule will be completely out of wack for the first few weeks with the new baby so I wanted to give myself time to adjust and find time whenever I can to study (definitely going to have slack some at work – but that's the beauty of post-April). At first I didn't think I'd be able to handle the test with everything going on but the thought of spending the Summer studying literally boils my blood at this point. At times I feel overwhelmed with the material, but remember, many have taken and passed, it's far from impossible. I know it's cliche and everyone is different, but you passed FAR, you got this.

    For your weak areas, maybe try googling/youtubing to find instruction which is better suited for you in those particular sections.

    Which review material are you using? I'm using Roger primarily, with NINJA/Gleim MCQs. Everyone is stressing the importance of tax which is good and all but there's a ton of blaw, I think over half of Roger's materials is blaw (although he does constantly say it's 20 % of the exam), which is frustrating but I am assuming if you know it on a basic level (i.e. not every exception in the book) it should make for doable points.

    Best of luck and slay the final monster!

    #1770397
    Anonymous
    Inactive

    50 days is plenty of time to start feeling confident about passing! Good luck-you can do it!

    #1770400
    Bourne
    Participant

    50 days?! you have PLENTY of time. That's nearly 2 months. Many people take 30-40 days total to study. Plenty of time to boost that confidence!

    #1770617
    jdub
    Participant

    I had no confidence about REG either. It might as well have been written in a foreign language. I took an entire quarter to study for REG every time I took it (part of the reason I lost a credit, because it took me so stinking long).

    Sometimes I get down on myself when I see other people studied for 3 or 4 weeks and passed REG. Don't let it bother you. Everyone is different and has different experiences and schooling that makes things easier/harder for them. I've never touched taxes in my life (I don't even do my own), so it was difficult all the way around. Just keep grinding! Definitely pay more attention to the tax than the business law – that's where the bulk of the material is going to be.

    Doing multiple choice questions over and over and over again really helped me. And re-listening to lectures over the sections I struggled with (like S-Corps – for some reason that always had a hard time sticking with me).

Viewing 5 replies - 1 through 5 (of 5 total)
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