[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[gottagetmycpa]

@Whenindoubt

see that is the problem I did not even review becker's SIMS and study sooo hard for wiley type of sims. u should have seen my face!! I was so upset. I wanted to Scream REALLY REALLY this is what you test me on! I really feel like they scan your brain or something to see what you actually studied and then test you on the complete opposite! FML. Sad part that as easy as they were I probably failed cause I did not prepare for those items and there was little no information in the book about those particular sims! when are you retaking??

FAR 76
REG 76(2x)
BEC FAILED (2x)
AUD FAILED (2x)

"When you don't give up, YOU CANNOT FAIL"

[Anonymous]

I scored in the low 70's on the Wiley Sample REG Exam and I'm supposed to sit for the actual exam in 2 days. I'm going to do the Becker Practice Exam tomorrow and then decide if I should postpone my exam date. Also, I've only spent an hour on studying Gift and Estate Taxes.

How common is it to pass REG with scores in the low 70's on their practice exams?

[RedRage00]

Am I the only one that thinks Phil Yaeger isn't that great of an instructor? I've passed FAR and BEC using Yaeger but Cindy Simpson was the instructor most of the time. It seems like Phil goes all over the place and constantly makes errors. I'm thinking of just not watching them all together and just hitting up the MCQs hardcore like I did for FAR and BEC.

Texas CPA
Licensed, March 2012

[yankeeaccountant]

@redrage,

I agree. I took REG last window and failed with a 70. I used the Yaeger cram and Becker (lectures and mcq's). I used Yaeger for FAR–which I thought was great. Cindy does a great job with FAR. Phil does seem scattered in REG and doesn't explain all the nuances. Of course, part of my problem was me–I didn't have my focus while studying. I am going to give the cram another try…….and adding Gleim testbank. I mostly used Becker and Wiley testbank last window.

UGH! I wish I could get past this one. When do you sit? I am taking it on November 1st.

I am also going through the CPAexcel trial on REG and have picked up some things I missed before.

Best of luck

[Whenindoubt]

@gottagetmycpa,

I'm testing on 10/17. Fingers crossed!! I had so many testing problems last window that by the time i finished the exam i had already partially tested (MCQ) two times. Basically I prepped to take the exam three times in a row and took it three consecutive Mondays. The exam crashed on the SIMS the first two times. No pressure or stress, right?

BEC: 75 11/8/10
AUD: 89 2/22/11
FAR: 78 5/17/11
REG: 72, 83 10/17/11
DONE!!!!

[RedRage00]

Yankeeaccountant,

I am taking my exam on 11/20 so that I can have Thanksgiving week off. I took some time off in September because I was seriously burnt out from FAR and BEC. Thank God I passed those! I should have a good 7 weeks of study time before I sit for REG. Hopefully its enough 🙂

Good luck to you too!

Texas CPA
Licensed, March 2012

[Honestmike]

I'm taking REG on 10/8. If I fail, I'm planning on taking it again on the first available day in Jan 2012. Will the materials be significantly outdated?

[wudi2k5]

Hey guys, just took FAR and passed!!!YAY!!! im studying for REG now, it seems to be a lot of material and concepts. Overall would people say its easier then FAR or harder?

Thanks

[yankeeaccountant]

@wudi2k5

Congrats on passing FAR!! I have FAR under my belt as well, and currently studying a second time for REG. IMO REG is harder. I think the sims are really tough.

@Redrage

I will be thinking good thoughts for you on 11/20. I think it seems like you have a good plan of attack.

@Whenindoubt

Best of luck on Oct 17–I am hoping you don't have any computer problems this time!!!! I don't sit till Nov 1st. Just started my studying on this past Monday. Going to add a new testbank, Focus notes, and a new Wiley review book–I am hoping that this is going to be a passing recipe.

[RedRage00]

Thanks yankeeaccountant! Right now I am going through the assigned MCQs that Yaeger recommends and taking notes on them. I always feel so overwhelmed with information when I start a new section, but I know it will get better as time goes on and I put in more study time.

Texas CPA
Licensed, March 2012

[Anonymous]

I'm a little confused…

I studied with Becker for the majority of my REG studies but bought the Wiley on-line test bank last week and have been using that in addition to Becker.

I was my understanding, according to Becker, that when you had a liquiditing property dividend that your basis in the property would be equal to your basis at the time of the dividend. So say you had a basis of 5,000 rec'd property from the corp with a basis to the corp of 7,000, your basis would be 5,00. “Zero out to get out”

But then I'm working through some of the Wiley sims and its telling me on a liquidating dividend that your basis in the property is equal to the FMV or the property.

I'm probably just missing something. Can anyone help on this?

[Honestmike]

Zero out to get out is for partnerships. So they receive the property at the partners adjusted basis less any cash received in the same transaction. In a corporate liquidation, property is distributed at FMV. The gain or loss is to the extent FMV exceeds basis. Not sure if this is what you're talking about.

[Anonymous]

@Honestmike – that must have been what I was doing – confusing the rules between partnerships and corporations. Thanks!

[Veronica75]

Has anyone ever taken the final review course by Becker in Dallas for REG? Any feedback?

FAR - 79 (2x)
AUD - 81 (expired), 77!
REG - 74! omg (3x) 87!!!!!!! I'm done! OMG!
BEC - 81 (4x)

[Whenindoubt]

I don't know about you guys, but I can't think about anything more fun to do this weekend then study for REG!! Not really, but if it gets me to pass REG, I'll do it happily!

BEC: 75 11/8/10
AUD: 89 2/22/11
FAR: 78 5/17/11
REG: 72, 83 10/17/11
DONE!!!!

[Author]

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