REG impossible without prior experience?

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    Topic
  • #175882
    Anonymous
    Inactive

    Does anyone else feel like REG is borderline impossible to master if you have no prior experience in the tax field. With a heavy background in financial accounting, I found that my prior work experience pulled me through passing FAR and AUD. It seems as if you have never worked in the tax field it is impossible for all of the ridiculous details to stick.

Viewing 15 replies - 1 through 15 (of 15 total)
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  • #393734
    MrFish
    Member

    Sadly, I agree. I have no tax experience or education and am feeling helpless and hopeless on REG.

    #393735
    Anonymous
    Inactive

    Sorry, but I have to disagree. Other than a corporate tax class during college and filing my own taxes I have no tax experience.

    I scored an 81 in July.

    #393736
    Noct
    Participant

    Each sector of employment offers an advantage on a section of the exam:

    Tax – REG

    Public – AUD

    Internal – BEC

    But that doesn't make the other sections impossible. The whole point is to prove our competence in the profession as a whole. We aren't expected to be experts on any section, that comes with experience.

    FAR - 79 - 07/2012
    AUD - 65, 78 - 11/2012
    BEC - 76 - 11/2012
    REG - 78 - 01/2013
    ETH - 98 - 01/2013

    Material: Wiley books

    #393737
    General_Ledger
    Participant

    I only feel that way on the REG simulations…

    Like Olinto said, just got to keep beating those info into your head and you will be amazed how much info you can remember. But seriously, why the heck do i need to know how to negotiate a check? and all those Corp structures, they used to be on BEC… its not like we don't have enough info to study for already…

    FAR 73, 75*, 79! n DONE!
    BEC 72, 75
    AUD 64, 75
    REG 43, 74, 72, 70, 88!
    *Expired...FML

    HELLO 300 CLUB! 6/8/13

    #393738
    Anonymous
    Inactive

    If you are talking about real life experience, then no, it isn't necessary. CPA materials will teach you all you need to know for any section. I feel like when you have these thoughts in you mind, you're only making it worse for yourself. It may be a bit harder with no experience, but that just means that you put in that extra time. There are a lot of things to remember for REG, but repetition is key.

    My buddy, who was not born in the U.S. and received his degree in his country in Management, passed REG and FAR with no problem. The topics were hard for him since he had very limited accounting and tax classes, but he put in that extra effort reading the materials and practicing the problems.

    #393739
    pinaycpa
    Member

    I think it is doable. I got my degree in the Philippines ( Asia), qualified to take the CPA exam and passed 3 sections. I live here ( U.S.A.) for barely 4 years and a U.S. citizen but I don't have experience in audit and taxes. I am also working full time and have a 20 months old baby.

    It will just need self discipline to conquer the beast! Good Luck!

    FAR 04/21/2012 - Passed
    AUD 07/28/2012 - Passed
    BEC 10/20/2012 - Passed
    REG 2/28/13 - Horrible exam ever! - Passed
    I'M DONE!!!!!!!!!!!

    #393740
    JMU2004
    Member

    I had ZERO tax experience and passed REG on the first try. Experience will make it easier, but it can be done with usual hard work.

    REG 8/31/12 Passed: 80
    FAR 1/10/13 Passed: 82
    BEC 4/4/13 Passed: 77
    AUD 5/28/13 Failed: 71 WTF?????
    AUD 7/11/13 Passed: 81
    ETHICS Passed: 93

    DONE!!!!!

    #393741
    Herbieherb
    Participant

    No I only had sales tax and my own 1040 as experience and I passed. YAEGER worked For me

    NEW YORK- DONE

    #393742
    acamp
    Participant

    + Took Fed Tax Class

    + Do my own taxes

    – Never took bus. law

    + Ninja Notes

    + Wiley Test Banks


    76 😀

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

    #393743
    Anonymous
    Inactive

    I got no experience when I studied for REG… it is possible: just Practise Practise and Practise…

    #393744
    Anonymous
    Inactive

    I have to disagree with that statement. I passed with a 79 and the only tax experience I have is from one introductory tax course in college and preparation of my own taxes. I just studied what I needed to in the book and went through multiple choice questions several times.

    One thing you need to keep in mind is that tax is only about 65% of the exam and the rest is business law, ethics, and legal responsibility. Experience is always a plus, but the entire CPA exam is passable with zero professional experience.

    #393745
    Sudad
    Member

    It is not really impossible. For someone who has no prior experience, he will just need extra time to study. I had no prior experience with audit, but I got a 93 on my first try.

    DONE!!!

    #393746
    Anonymous
    Inactive

    I have no prior experience in tax and was able to pass REG with an 84 after three tries. So, no it's not impossible. Hard? Yes. Impossible? No.

    #393747
    General_Ledger
    Participant

    Taking it tomorrow… let's beat the impossible!!!

    FAR 73, 75*, 79! n DONE!
    BEC 72, 75
    AUD 64, 75
    REG 43, 74, 72, 70, 88!
    *Expired...FML

    HELLO 300 CLUB! 6/8/13

    #393748
    Anonymous
    Inactive

    My coworker killed it (96), and we do State government auditing. Its very possible, but you have to put in the extra effort.

Viewing 15 replies - 1 through 15 (of 15 total)
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