[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

[MrsBing]

I hope I don't get an E&P calculation where you have to determine E&P by adding/deducting items from taxable income. It is so confusing and I just can't make sense of it. I'd rather get an AMT calculation.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[mscdngal]

@MrsBing

I feel ya! I just think the whole adding back and deducting from taxable income for ALL corp tax has my brain fried right now.

@Gim from my experience with the SIMS, I did get one wrong not because my number was wrong but because I forgot to put a negative/minus sign infront of my number. So I would defn be careful when inputting your numbers to watch for the negative sign.

[mscdngal]

@MrsBing

I feel ya! I just think the whole adding back and deducting from taxable income for ALL corp tax has my brain fried right now.

@Gim from my experience with the SIMS, I did get one wrong not because my number was wrong but because I forgot to put a negative/minus sign infront of my number. So I would defn be careful when inputting your numbers to watch for the negative sign.

[gaucho]

@gim re:negatives w/ loss

If there is specifically an area to indicate gain or loss I would assume the number is an absolute amount. One way to double check is if the numbers sum together allowing you to make sure the sum is correct. For example if you are inputting values to arrive at net income (and the net income number automatically sums from the numbers inputted) then you could check to make sure the result was moving in the right direction when you input your loss.

Someone correct me if I'm wrong. Usually becker includes instructions (“input losses with a negative sign” or similar)

[gaucho]

@gim re:negatives w/ loss

If there is specifically an area to indicate gain or loss I would assume the number is an absolute amount. One way to double check is if the numbers sum together allowing you to make sure the sum is correct. For example if you are inputting values to arrive at net income (and the net income number automatically sums from the numbers inputted) then you could check to make sure the result was moving in the right direction when you input your loss.

Someone correct me if I'm wrong. Usually becker includes instructions (“input losses with a negative sign” or similar)

[NetsForce]

Does anyone have any tips for remembering the various basis rules? (When is transferee basis FMV and when is it adjusted basis?)

For some reason I keep getting confused over this.

Partnerships, Corporations, it's all mixing together in my head :- /

[NetsForce]

Does anyone have any tips for remembering the various basis rules? (When is transferee basis FMV and when is it adjusted basis?)

For some reason I keep getting confused over this.

Partnerships, Corporations, it's all mixing together in my head :- /

[gingercpa]

So what I understand per AICPA contents is that Taxation is 60% and Business Law is 40% of the exam. But then Business Law is further divided into Ethics & Responsibilities which is around 15% of the exam so ideally business law is only 25% of the exam.

Am I correct???

AUD:78-5/13
FAR:84-10/20
REG:79- 12/5
BEC:Feb
CAL Candidate

[gingercpa]

So what I understand per AICPA contents is that Taxation is 60% and Business Law is 40% of the exam. But then Business Law is further divided into Ethics & Responsibilities which is around 15% of the exam so ideally business law is only 25% of the exam.

Am I correct???

AUD:78-5/13
FAR:84-10/20
REG:79- 12/5
BEC:Feb
CAL Candidate

[NetsForce]

@gingercpa:

It looks that way based on the CSO. I'd recommend not doing as I did, and start by studying taxes first and then moving on to the business law / ethics portion.

[NetsForce]

@gingercpa:

It looks that way based on the CSO. I'd recommend not doing as I did, and start by studying taxes first and then moving on to the business law / ethics portion.

[kels417]

Hey guys. I tested today…DON'T WORRY ABOUT THE NEW 2013 NUMBERS!! All of my mcq specifically told me what number to assume. For example: gift tax exclusion.

I'll post my experience in the exam thread. Good luck to all still studying!

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[kels417]

Hey guys. I tested today…DON'T WORRY ABOUT THE NEW 2013 NUMBERS!! All of my mcq specifically told me what number to assume. For example: gift tax exclusion.

I'll post my experience in the exam thread. Good luck to all still studying!

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[WestonM]

@kels what about AMT exemption calculation?

BEC: 93 4/18/13
FAR: 89 7/3/13
REG: 90 8/30/13
AUD: 95 11/29/13

DONE!

[WestonM]

@kels what about AMT exemption calculation?

BEC: 93 4/18/13
FAR: 89 7/3/13
REG: 90 8/30/13
AUD: 95 11/29/13

DONE!

[Author]

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