[jeff]

Resources:

Free Study Planner + REG NINJA Notes (Individual Tax): https://www.another71.com/cpa-exam-study-plan/

REG Exam Experience: https://www.another71.com/cpa-exam-forum/topic/reg-exam-experience-official-thread

[Fatma]

mrwills12

I don't have any advice except what you had already suggested ,, time and the research database

FAR 86 May 12
AUD 84 August 12
REG 80 Jan 13
BEC 76 April 13
And am done !!!

[Anonymous]

hey guys, my REG exam is this friday, and ive been doing many 30 question progress exams. I keep only getting 1-4 questions from chapters 5-8 on Becker (the law). Can anyone who taken REG give me a number as to the mix of Law vs Tax?

[Anonymous]

According to the CSO, Business Law should be between 17-21% of the exam. However, from things I've read around here, it can be as much as 30-35%.

Can someone confirm this?

[mypetmeatball]

@edfield….that keeps happening to me too. The progress tests are terribly weighted and I don't understand why they are in almost perfect module order. I want them to be more mixed up so I can simulate the real exam.

I remember people saying a while back that they aren't putting too much time into R8. Is there a a reason for this? I'm not there yet but I'll be doing it on Wednesday. Is it easy or barely tested or something?

[mrwills12]

@BuckytheCPA if you look in the first couple pages of the becker book it says blaw 17-21% however, it also says eithics, professional, and legal responsibilities 15-19% so i could see where they get 30% or so but i guess you really never know each test is different

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

Using Becker Self Study 2012

[Anonymous]

@mypetmeatball

R8 is mostly just business structures and then some ancillary material. The important business structures info can be summarized in a table and the rest of the material (money laundering, Sherman Act, employment law, copyright, etc.) is relatively straightforward.

It's the easiest of the 8 sections conceptually, but there is a lot there…

Hopefully going over it a few times is enough!

[mrwills12]

@Bucky

Good luck with your test comin up, you will have to let us know your exam experience!

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

Using Becker Self Study 2012

[Anonymous]

@mrwills12

I for sure will! I'll probably stop by to write my recommendation and then avoid everything accounting for a few weeks before hitting the books for AUD (I'm hoping I can bump the April date up to February).

I'm jealous that you're so close to done!

[mrwills12]

Thanks i was in your situation not that long ago you just gotta keep plugging along. I cant wait for my couple weeks off either. I havent taken a week off since the end of july!

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

Using Becker Self Study 2012

[samdiegoCPA]

Ugh, just switched my exam for the 15th from the 11th. The extra ~25 hours or studying will help a lot I think. I wish I had planned better, the holidays are ruining my studying :/

AUD: 84
REG: 84
BEC: 79
FAR: 83

[mypetmeatball]

Wow, bankruptcy kind of sucks. At least I'll know how much I owe my grain farmer if I ever file for bankruptcy.

[Anonymous]

More than you'll owe anyone that you injured by driving intoxicated!

[Happen4reason]

Does anyone know what the 2012 AMT exemption rates will be that are going to be tested in early Jan?

[Fatma]

@Happen4reason

Check Becker update in their website ,, if it's not mention ; then it had not change

Good luck

FAR 86 May 12
AUD 84 August 12
REG 80 Jan 13
BEC 76 April 13
And am done !!!

[Anonymous]

Can anyone confirm this for me?

I'm looking at the Bekcer MC for S-Corps and I had a question w/ the following information:

100% ownership of S-Corps

Beginning basis = 25,000

Ordinary income= 1,000

L-T Capital loss= 3,000

S-Corp cash distribution to owner: 30,000

How much of the 30,000 distribution is taxable to the shareholder?

I initially got the question wrong because I remembered that distributions were only non-taxable to the extent of basis (AFTER distributions are subtracted). Therefore, I thought that the taxable distribution would be:

25,000 + 1,000 =26,000 basis – 30,000 distribution = 4,000 distribution is taxable.

However, does the rule of the loss limitation only apply if the loss in question is an ordinary loss… not a capital loss?

The correct answer is 7,000 [(25+1-3)-30].

[Author]

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