[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

[Anonymous]

I think SIMS are totally worth doing. Being really familiar with using the stupid software is helpful. The way you scroll down on a page, flip between tabs, and entering equations in cells… all good practice. In the test, it reminds me of using a really old computer with software that doesn't quite respond how it should.

[m1kal]

thanks apple32. hope you did well. any suggestions on studying for REG? I'm taking it FEB 26.

I'm reviewing R1,2,3 for becker right now. I have class for R4 next week. Thanks!

REG - 76
BEC - 76
AUD - 93
FAR - 71, 68,69, 70, retake 7/19/16

[Anonymous]

@m1kal…..we are on similar schedules. I started R4 today. I'm taking a Becker online class. It closes in the dark period, so I'm trying my best to work ahead and test one of the last days of the window.

[m1kal]

@Caddygirl7 im still going over r2 and r3 right now. i have class for r4 tomorrow. so much info.

REG - 76
BEC - 76
AUD - 93
FAR - 71, 68,69, 70, retake 7/19/16

[lsutigers03]

I have a question for those taking Becker. For the Becker Promise does the 90% on homework refer to the percentage you get the first time you attempt the questions or your total percentage?

REG - 78
BEC - 74, 67, 69, 69, 70, 79
FAR - 76
AUD - 69, 69, 69, 74, 85

Licensed Louisiana CPA

“You never fail until you stop trying.”
― Albert Einstein

[moreinfo2013]

@Isutigers03

Total percentage as far as I understood.

[lsutigers03]

@moreinfo2013

Thanks for the response

REG - 78
BEC - 74, 67, 69, 69, 70, 79
FAR - 76
AUD - 69, 69, 69, 74, 85

Licensed Louisiana CPA

“You never fail until you stop trying.”
― Albert Einstein

[prockvam]

Hi everyone, I have a general question about REG that I haven't seen answered.

Q: I saw that someone mentioned specific phaseouts (other than major ones, like passive activity) will generally not be tested. However, do we need to remember specific exemption and other tax amounts, and if so, what year??

For example, I assume we need to know the amounts for personal exemptions, standard deduction, and fica/futa/suta, but these have all generally changed from 2011-2012 or 2012-2013. Will they specify the year? Or give the amount? Or do we assume 2012 or 2013?

I assume that most information is about the 2012 tax laws and any “new” laws that expired in 2011 or older would not be seen (Ie. Personal exemption and itemized deduction phaseouts, first time home buyer, etc..). But it doesn't seem too farfetched that we would need to know these standard amounts for 2013. (Ie. Personal exemption increased $100, to $3800; Self-employed Social security is 10.4% in 2011 and 2012, rather than 12.4%, with a base limited to $110,100 in 2012 (dunno about 2013) and Medicare is 2.9%; etc..)

[lsutigers03]

@prockvam

The Becker instructors say that they usually don't test on dollar amounts because that would require them to change questions every year. They say that the questions they usually ask would be something like for this family how many personal exemptions can be taken not what is the dollar amount. I would focus more on who can be taken as an exemption or what the standard or itemized deduction means for current and future years and not worry about dollar amounts.

REG - 78
BEC - 74, 67, 69, 69, 70, 79
FAR - 76
AUD - 69, 69, 69, 74, 85

Licensed Louisiana CPA

“You never fail until you stop trying.”
― Albert Einstein

[prockvam]

@lsutigers03

Thanks for the response, I will focus on that.

[Soon2BCPA127]

Hello Everyone! I'm scheduled to take REG on 2/28 for the 2nd time. I just completed R3 this morning. I was a little unclear on Corporations dividends give out. I know the book says Corporations giving out dividends to their shareholders is not a taxable event. But then you still take out tax when you're giving out shareholders?. I know there is double taxation where Corp gets taxed and then Shareholder gets taxed for the dividends received. I've tried reading over the section again and but I'm still unclear about this. How is it not a taxable event but they still get taxed?? I'm using Becker material. Would you any one of you how to put this in a simpler sentence?

Thank you in advance!

[Soon2BCPA127]

Hello Everyone! I'm scheduled to take REG on 2/28 for the 2nd time. I just completed R3 this morning. I was a little unclear on Corporations dividends give out. I know the book says Corporations giving out dividends to their shareholders is not a taxable event. But then you still take out tax when you're giving out shareholders?. I know there is double taxation where Corp gets taxed and then Shareholder gets taxed for the dividends received. I've tried reading over the section again and but I'm still unclear about this. How is it not a taxable event but they still get taxed?? I'm using Becker material. Would you any one of you how to put this in a simpler sentence?

Thank you in advance!

[Theo]

I also have REG scheduled for the 2/28. I am reviewing all the material from becker from R1.

AUD 01/17/2013 (92)
REG 02/28/2013 (85)
FAR 04/26/2013 (85)
BEC 05/30/2013 (88)

[Soon2BCPA127]

@Theo – you will be my new same exam day buddy! lol Have you taken REG before?

[Anonymous]

@Soon2BCPA – Are you sure the book says that dividends to corporate shareholders is a non-taxable event? I'm pretty sure any amount of dividend that comes from corporated earning or accumulated earning&profit is taxablae to the shareholder (that's what they mean when they say it's double taxation). The amount of dividend in excees of E&P and Accumulated E&P is non-taxable and, rather, decreases the shareholder's basis. If there is no basis remaining, the dividend is taxed as a capital gain.

That's my undestanding off the top of my head. Does that answer your questions? I can look at the book tonight and refresh my memory if you think I'm wrong.

[Author]

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