My study materials from Roger and Wiley say that general solicitation is allowed under 504. However, there is a MC question on Wiley and the answer says “This answer is incorrect because Regulation D specifically does not permit the use of general solicitation.”
Which is correct? I thought general solicitation was OK for 504?
General solicitation and advertising are generally not allowed under 504 Reg D. However, if either of two conditions are met than general solicitation and advertising are allowed: a.) state law permits general solicitation as long as sales are to accredited investors only, or b.) the securities are registered under a state law requiring public filing and delivery of a substantive disclosure document to investors before sale.
Done: 5/22/14
"Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut."
- Ernest Hemingway
woooow…just took REG test…To say that I am frustrated is not to say anything. I studied and studied and studied (2 months every day!), but I still got out of the test feeling like I knew only 40% of the questions… SIMs were horrific… Does anyone have the same feeling about the exam? and what does it usually mean with REG: fail/there is still hope?
one last exam score to wait for......
FAR - 78
BEC - 84
AUD - 92
REG - 88
You will see a good amount of business law questions but more tax questions. I believe the percentages in the AICPA CSO are pretty accurate .
@Sunni
I haven't come across an entire list of them. But just google it and you will find plenty
@wannabeCali
I felt the same as you leaving the exam. Those pesky task based simulations! I found a lot of helpful posts in the REG Experience Thread. It seems many people felt the same way leaving the exam but ended up passing. Best of wishes
Done: 5/22/14
"Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut."
- Ernest Hemingway
Well, my exam was pretty heavy on Business Law….More than I would want… But even the tax questions (MC) were ridiculous: the situations they put in those questions included some scenarios that would involve 3-4 different tax issues at once… It took me a while to even understand what it was they wanted to begin with.. Very frustrating exam… But I would def agree with the previous comments regarding “not underestimating Business Law” – for sure! Know those chapters very well. And, if I am going to have to retake this exam, I will def make sure I re-read chapter 3!
one last exam score to wait for......
FAR - 78
BEC - 84
AUD - 92
REG - 88
I have a question. The AMT is totally confusing me. I do taxes but have never had to compute this tax cause the software does it for me. I understand that the “Preferences” get added back to Reg Taxable Income. But what about Tax deductions, Interest, Medical, Miscellaneous and Exemptions? Am I suppose to add these back or subtract them or does it depend on what I did with them for regular income? HELP!!!
BEC 1/4/14 48
AUD 5/29/14 62
"I can do all things through Christ who strengthens me." (Phil 4:13)
I was working through a ninja MCQ and I got this wrong and I don't get why.
The amount required to be paid in estimated tax installments by a corporation is the lesser of 100% of the tax shown on its return for the preceding 12-month tax year (if some income tax was due) or what percentage of the tax shown on its return for the current year? (determined on the basis of actual income or annualized income)
Answer: A. 100%
The estimated tax payment required in installments is the lesser of:
100% of the tax shown on the return for the preceding year or
100% of the tax shown for the current year.
I thought it was 90% of the current year or 100% of the prior year? Am I thinking of some other rule and confusing it with this? Possibly for individuals?
.