REG Study Group January/February 2013

Viewing 15 replies - 1 through 15 (of 391 total)
  • Author
    Replies
  • #400877
    Anonymous
    Inactive

    Placeholder… (hoping i pass FAR and can move on to this one)

    #400878
    nray8211
    Member

    Going to start studying for Reg next Monday and will be taking it for the first time. I anticipate sitting for it sometime in February. Have a couple questions for those who have successfully passed REG.

    1. How long did you study for REG? I obviously have a few months to study, am using Yaeger, and want to pass this one the first time (hoping its my last exam as I'm waiting for my BEC score).

    2. Any tips for a person who has basically zero Tax professional experience (worked as auditor for a few years and in corporate accounting department for a couple public companies the past 4 years) and only took 1 tax class around 7 years ago?

    Thanks in advance for your help.

    FAR - 80
    AUD - 78
    REG - 78
    BEC - 84

    Materials - Yaeger Home Study, Ninja Notes

    Done!

    #400879
    mrwills12
    Participant

    Hi All

    I am taking REG in early January and was wondering what i should focus in on studying. I know you cant get into specifics but generally what would you say i should focus on. Also i have heard that Becker doesnt do the best job in the world for REG, is that a common thing?

    FAR - 88 (Jul 2012)
    AUD - 85 (Oct 2012)
    BEC - 82 (Nov 2012)
    REG - 92 (Jan 2013) DONE!

    Using Becker Self Study 2012

    #400880
    Anonymous
    Inactive

    @mrwills12 I got two 74's back to back using just Becker. I found this blog after my frustration in not passing the second time. This time I used the Wiley book and Wiley test bank and I also used the Ninja notes. Wiley does a great job of giving you a variety of questions to practice and the explanations are awesome. The law part in Becker by Peter is great, but the tax part, for me, was not enough. If you can, I suggest using Wiley.

    As far as what to study, you really need to study all of the Regulation topics. My test covered everything in the content specification.

    I wish you well.

    #400881
    Anonymous
    Inactive

    Taking REG as my first part Dec 6th (Thursday) and needless to say all these horror stories are making me nervous….Just saying…I've studied Wiley for the last 4 weeks. And I'm a 5 year tax professional and still completely freaked out….

    #400882
    mrwills12
    Participant

    @beechcrest

    Thanks… two 74s that stinks… I was thinking about supplementing with wiley for Reg. However, with the turn around on my test it is not very logical because i am scheduled to take it right before busy season starts. (I only have 6 weeks before my test right now) So i wouldnt use the wiley anyways. I have been doing taxes for the last year so i am hoping that should help with at least some of the test. You will have to post on here what you got on REG when you supplemented with wiley. I think becker does an amazing job with auditing you should have no problem with it

    FAR - 88 (Jul 2012)
    AUD - 85 (Oct 2012)
    BEC - 82 (Nov 2012)
    REG - 92 (Jan 2013) DONE!

    Using Becker Self Study 2012

    #400883
    renditt
    Member

    I took REG this week and really didn't think it was that bad. Prepared with Becker and felt well prepared for both MCs and SIMs. One issue with the Becker material I noticed was that when doing the Becker progress tests, the questions were almost exclusively around tax, whereas the exam was much more balanced between all areas.

    BEC - 2/25/12 - 90
    FAR - 5/18/12 - 87
    AUD - 8/4/12 - 94
    REG - 11/27/12 - 91 - done!

    #400884
    Anonymous
    Inactive

    @mrwills12 Yeah, the 74's really hurt. Since you do taxes regularly you will probably do well. I have been out of school for a long time, so I had a LOT of ground to cover. We'll see in a few days whether I passed it. Hopefully, I'll have good news. So, far I feel good about AUD. I do get tired of the hi-light this and that which is distracting to me. My company paid for Becker so I guess I can't complain. Good luck to you!

    #400885
    Anonymous
    Inactive

    nray8211, I've never studied with Becker or Yaeger, but if they have a diagnostic of some sort, you can figure out what your weak areas are and make sure you have extra time to cover those throughly. Having taken REG before, I agree with the other person saying anything's fair game on the exam. For me, the timing was tough – the testlets are pretty fast paced. Definitely check out the Content Specification Outline from AICPA/your review course to see how things are weighted.

    The new 2013 Wiley books are in stores tomorrow, YAY. I'm getting back into studying for REG for a retake before tax season. My lectures expired 10/17, but I have a 6-month extension so I'll be using Roger and NINJA on this one. Hope to find out my BEC score tomorrow…

    Good luck with you studies everyone! 🙂

    #400886
    kwonp702
    Member

    hey all,

    im taking the reg exam in Feb 2013 and i would like to know which tax year rules, phaseouts and exemption amounts that i will need to memorize for individual taxes? im using yaeger and the 2012 wiley book.

    The 2012 book has rules from 2010 and its getting to be too much. do i need to know 2010-2013 for individuals and corp?

    please help!!

    FAR - 82
    AUD - 95
    BEC - 85
    REG - 85

    #400887
    Anonymous
    Inactive

    kwonp702, they don't test specific phaseout amounts that change for inflation each year because it would be too expensive to update that many exam questions each year. You do, however, need to know what to do with the numbers they provide as well as set thresholds that apply (ie. can deduct medical expenses above 7.5% of AGI or 10% for AMT, 2% Misc, etc)

    #400888
    Pellerific
    Member

    I just took REG last week and there was no phaseouts really but you do have to know the important ones. For example, the $25K of passive losses that you can offset against regular gains unless your AGI is > $100K-the excess is reduced by 50%

    F-82
    A-91
    B-91
    R-86

    #400889
    Anonymous
    Inactive

    Regarding 2013 materials… I am taking REG in a somewhat rushed state (trying to get it done before changing jobs to a Big 4) so I talked with the Yaeger people. Phil said there are no content changes between 2012 and 2013, and said I would be fine using the 2012 materials.

    15 hours of lecture down, 25 to go.

    #400890
    primgirl
    Member

    I'm taking Reg the first Saturday in Jan. I've worked for a small CPA firm for the past 7 years and have done every type of return imaginable. I'm going through the Corporate chapter right now (Wiley/Yaeger) and there is a ton of stuff I don't know. For example, we have no large corps, so no AMT. I've got a lot of studying to do.

    FAR 78
    AUD 85
    BEC 79
    REG 83

    #400891
    Anonymous
    Inactive

    Taking REG tomorrow – 12/6 – on my 30th Birthday. Praying for God's Grace to pass!

Viewing 15 replies - 1 through 15 (of 391 total)
  • The topic ‘REG Study Group January/February 2013’ is closed to new replies.