REG Study Group April/May 2013 - Page 35

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  • April 18, 2013 at 8:14 pm #415331
    SeattleAccountant
    Member

    @LSNYC, both REG and BEC had been scheduled a while ago. I better adjust my sig to remove this confusion.

    REG is on May 30th.

    Becker Class of Jan - Aug 2013: FARB DONE!!!!
    CPA license pending 🙂

    April 19, 2013 at 12:36 am #415332
    Anonymous
    Inactive

    Good luck my FAR FAM and all 🙂

    April 19, 2013 at 1:25 am #415333
    LSNYC
    Member

    Good luck Sunny!

    HI NAM! Missed you hope you are enjoying freedom!

    trying for 2-3 more hours tonight!

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    April 19, 2013 at 2:45 am #415334
    N. Alex
    Member

    I just got back from my REG exam…. I think I did pretty good on the MC teslets, especially when I got to teslet No. 3, I answered many questions that I wasn't expecting to see on the exam. I hope its a clue that I did pretty well..

    Now the SIMS..Are you kidding me?!!!!!! I couldn't believe the type of questions they asked.. I really hope that I passed the exam… the SIMS really screwed my confidence 🙁

    Good luck all..

    April 19, 2013 at 5:12 am #415335
    SeattleAccountant
    Member

    @N.Alex,

    Sounds like sims were brutal.

    Which review did you use and was this your first time REG or repeat and was it your first exam ever or not? Just curious.

    Becker Class of Jan - Aug 2013: FARB DONE!!!!
    CPA license pending 🙂

    April 19, 2013 at 4:33 pm #415336
    Jdm101518
    Member

    Do guaranteed payments to partners reduce the partner's basis?

    April 19, 2013 at 5:10 pm #415337
    sapna1208
    Participant

    @Jdm101518 : Guaranteed payments are allowable tax deduction to the partnership and a taxable ordinary income to the individual partner receiving the payments. Thus Guaranteed payments do not affect partner basis.

    April 19, 2013 at 10:28 pm #415338
    N. Alex
    Member

    @ SeattleAccountant

    I am using Becker, I passed the FAR exam past month! and this is my first time taking REG

    April 19, 2013 at 10:31 pm #415339
    jokami
    Member

    Quick question; is REG 2011/2012 material still good to use for exam?

    B - 62, 70, 72, 79!!!
    A - 68, 81
    R - 70, 82
    F - 84

    "The limit to your abilities is where you place them" - Fortune Cookies

    April 20, 2013 at 12:18 am #415340
    wendywhite
    Member

    Hola Regulators. Weird week.

    Burned out or lost my study mojo I think…

    Took 3 nights off this week – spent time with the fam.

    Did not study during lunch.

    Hit snooze 4 days – and did not study before work…

    I'm on my last chapter of reading/note taking for reg – and I have just less than 1 month til test day (14th) – and I have only been reading/note taking – – have NOT been doing MCQ or Sims yet.. I start that after I finish this chapter….

    I haven't reached the point that it all comes together & I can quote annoying stuff off the top of my head yet.

    I'm just feeling bogged & overwhelmed and it just sucks right now. I'm actually laughing at my stupidity after I finished auditing in Feb I felt really great – top of the world – and I actually said – – maybe I could do BEC & REG at the same time &knock them out – – ha!! HA!!!

    I made the assumption that Reg & BEC were easy due to their being only 3 hrs…

    Ok

    I'm off to study.

    FAR 11/2012: 80
    AUD 2/19/2013: 90
    REG 5/14/2013: 76
    BEC 11/2013: 85
    Ethics: 100
    Waiting on the packet....

    April 20, 2013 at 1:02 pm #415341
    LSNYC
    Member

    Morning! Just under 2 weeks till exam day, and i have realized i don't think I have enough hours to study and I am freaking out! It ended up causing a fight between my husband and I. This is just another reason why I can not wait till I am done with this exam forever! I am thinking of trying to move my exam, if i can get a date the last week in May, HOWEVER I would have minimal study time the first 3 weekends in May due to other obligations, thoughts?

    This weekend is a big review weekend for me, Corp tax and Individual tax, i would really like to get a good grasp on them!

    Jokami – I think the 2011/2012 are ok but not great since some of the phase out amounts and tax numbers change. If there is an update available they may be ok. 2012 better then 2011.

    Happy studying regulators (Wendy I like this!)

    A - 61, 91!!
    B - 78!
    F - 76!!!
    R - 71, 73, 74, 69, 77!!!!

    Finally done!

    This is my 2nd attempt at the exam, I had two parts passed (failed many) and I stupidly quit, big mistake. Now I'm back and with a vengeance!

    April 20, 2013 at 1:13 pm #415342
    sapna1208
    Participant

    @LSNYC : This is so true…Even I am facing such problems with my husband…I am appearing for REG on 30th April..from today onwards I am going to review and do lots of MCQs from each area… I believe u have enough time to cover all parts of REG now just u need is a focus ….U can Pass REG nd this will be ur last exam….Keep faith on u… U worked hard 🙂

    April 20, 2013 at 1:58 pm #415343
    jokami
    Member

    @LSNYC

    Thank you very much…

    B - 62, 70, 72, 79!!!
    A - 68, 81
    R - 70, 82
    F - 84

    "The limit to your abilities is where you place them" - Fortune Cookies

    April 20, 2013 at 4:28 pm #415344
    wendywhite
    Member

    My hubby has been good – he's the one picking up all my slack. I scheduled 2 vacation days to study between now & test day to get more time in. It will all come together.

    Back at it in between the kids soccer games today.

    FAR 11/2012: 80
    AUD 2/19/2013: 90
    REG 5/14/2013: 76
    BEC 11/2013: 85
    Ethics: 100
    Waiting on the packet....

    April 20, 2013 at 4:29 pm #415345
    wendywhite
    Member

    jokami – i second that info – I have second hand materials and I just go to the IRS site to get the new updated numbers & I search online for the other stuff.

    FAR 11/2012: 80
    AUD 2/19/2013: 90
    REG 5/14/2013: 76
    BEC 11/2013: 85
    Ethics: 100
    Waiting on the packet....

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