[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

[OkieGasAcct]

I'm confused what the itemized deduction limit is for the exam I'm taking next Saturday. I have seen that it's 10% for 2013, but 7.5% for 2012. Should I assume the test is going to ask me about 2012 rates?

The Wiley book (REG 2013) does not even mention the 10%, but I have seen other test takers here mention it.

Thoughts?

BEC: 7/15/13 - Passed! 83
AUD: 5/20/13 - Passed! 84
REG: 2/25/13 - 68, 4/8/13- 74 - You have got to be joking. Retake: 8/31/13
FAR: 11/29/12 - Passed! 82

Pregnant and studying- due with my first (baby boy) in November.

[OkieGasAcct]

I'm confused what the itemized deduction limit is for the exam I'm taking next Saturday. I have seen that it's 10% for 2013, but 7.5% for 2012. Should I assume the test is going to ask me about 2012 rates?

The Wiley book (REG 2013) does not even mention the 10%, but I have seen other test takers here mention it.

Thoughts?

BEC: 7/15/13 - Passed! 83
AUD: 5/20/13 - Passed! 84
REG: 2/25/13 - 68, 4/8/13- 74 - You have got to be joking. Retake: 8/31/13
FAR: 11/29/12 - Passed! 82

Pregnant and studying- due with my first (baby boy) in November.

[OkieGasAcct]

@Mrs.Bing Hate to tell you this, but AMT (corporate or personal) makes for great SIM material.

AMT is a completely convoluted and painful piece of crap.

BEC: 7/15/13 - Passed! 83
AUD: 5/20/13 - Passed! 84
REG: 2/25/13 - 68, 4/8/13- 74 - You have got to be joking. Retake: 8/31/13
FAR: 11/29/12 - Passed! 82

Pregnant and studying- due with my first (baby boy) in November.

[OkieGasAcct]

@Mrs.Bing Hate to tell you this, but AMT (corporate or personal) makes for great SIM material.

AMT is a completely convoluted and painful piece of crap.

BEC: 7/15/13 - Passed! 83
AUD: 5/20/13 - Passed! 84
REG: 2/25/13 - 68, 4/8/13- 74 - You have got to be joking. Retake: 8/31/13
FAR: 11/29/12 - Passed! 82

Pregnant and studying- due with my first (baby boy) in November.

[Kenada]

You will be tested on 2013 no so know that for Medical its 10% unless you are 65yrs and older, its 7.5% then.

FAR 05/27/14; 786/110 - Done !

[Kenada]

You will be tested on 2013 no so know that for Medical its 10% unless you are 65yrs and older, its 7.5% then.

FAR 05/27/14; 786/110 - Done !

[ryleehaid]

Hi everyone,

REG is the first section that I am taking (will be taking it next Friday). I have been using Becker and supplementing where I can with the Wiley TB.

I am not sure if this has been address yet, but due to the change in the medical deduction floor, does this at all change the process for calculating AMT?

I am a bit confused with calculating AMT, does anyone have any suggestions or explanations that could help?

Hoping to god I pass this test, and also, not sure what to expect as this is the first one I am taking. Any advice is appreciated (especially on SIMS)!!

[ryleehaid]

Hi everyone,

REG is the first section that I am taking (will be taking it next Friday). I have been using Becker and supplementing where I can with the Wiley TB.

I am not sure if this has been address yet, but due to the change in the medical deduction floor, does this at all change the process for calculating AMT?

I am a bit confused with calculating AMT, does anyone have any suggestions or explanations that could help?

Hoping to god I pass this test, and also, not sure what to expect as this is the first one I am taking. Any advice is appreciated (especially on SIMS)!!

[nzwoof]

when in doubt, if the preference or adjustment offered will increase taxable income, just include it. i did a few practice sims with gleim to see how they would present questions, not really if i could answer the sim right. i focused most of my time on MC's. if i knew the mc's then you would apply the concepts tested there on the sims.

i feel that gleim sims and gleim mc's are much harder than what i saw on the exams. gleim mc's i was getting low 80's and on the sims that i would do, if i scored a 60 i was pretty happy with myself. where i went to school though most people used becker and they all have great things to say about that.

Reg 4/06/13 81
Far 5/28/13 86

[nzwoof]

when in doubt, if the preference or adjustment offered will increase taxable income, just include it. i did a few practice sims with gleim to see how they would present questions, not really if i could answer the sim right. i focused most of my time on MC's. if i knew the mc's then you would apply the concepts tested there on the sims.

i feel that gleim sims and gleim mc's are much harder than what i saw on the exams. gleim mc's i was getting low 80's and on the sims that i would do, if i scored a 60 i was pretty happy with myself. where i went to school though most people used becker and they all have great things to say about that.

Reg 4/06/13 81
Far 5/28/13 86

[Kenada]

Gleim is harder… I am getting around 60% and after doing a few more batches of questions I do get to 75% ish..

I hate commerical papers and contracts 🙁 … way too much legal jibberish for me 🙁

FAR 05/27/14; 786/110 - Done !

[Kenada]

Gleim is harder… I am getting around 60% and after doing a few more batches of questions I do get to 75% ish..

I hate commerical papers and contracts 🙁 … way too much legal jibberish for me 🙁

FAR 05/27/14; 786/110 - Done !

[nzwoof]

on the bright side, you probably won't get a business law sim. nobody in my grad program had a law sim. but yea UCC, contracts, paper is a pain.

Reg 4/06/13 81
Far 5/28/13 86

[nzwoof]

on the bright side, you probably won't get a business law sim. nobody in my grad program had a law sim. but yea UCC, contracts, paper is a pain.

Reg 4/06/13 81
Far 5/28/13 86

[Kenada]

Never mind – Figured it out LOL .. I didn't read the freaking question..

FAR 05/27/14; 786/110 - Done !

[Author]

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