[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

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

@stokey I would do as Heidi suggested. Start studying for BEC right away and try and knock that one out by the end of August. Then by that time you will know for whether you failed REG or not and can either start back studying for REG for the Oct/Nov testing window or if you passed then you just have to wait to get the BEC passing score and you're all done!

Good luck to you.

[JAltNJCPA]

Stokey45 – I agree with the others. Start on BEC now and who knows, maybe you can knock it out in 4-5 weeks. Then, you will know about REG and, if you need to retake, you can pick it up after Labor Day. Good luck!

FAR: 84 (expires May '14)
AUD: 82
BEC: 91
REG: 78

done, Done, DONE!!!

Roger CPA Review, Wiley Test Bank, NINJA Audio

[JAltNJCPA]

Stokey45 – I agree with the others. Start on BEC now and who knows, maybe you can knock it out in 4-5 weeks. Then, you will know about REG and, if you need to retake, you can pick it up after Labor Day. Good luck!

FAR: 84 (expires May '14)
AUD: 82
BEC: 91
REG: 78

done, Done, DONE!!!

Roger CPA Review, Wiley Test Bank, NINJA Audio

[stokey45]

@ Heidi-O & CPAforeigner —

Thank you so much!! I totally agree! After I wrote out my posting last night I started to feel that I should move forward to BEC. But it is a great idea to go back and do questions on REG until I know for sure whether I passed or not! You guys are a wonderful encouragement and it is just what I needed. Thanks again!

[stokey45]

@ Heidi-O & CPAforeigner —

Thank you so much!! I totally agree! After I wrote out my posting last night I started to feel that I should move forward to BEC. But it is a great idea to go back and do questions on REG until I know for sure whether I passed or not! You guys are a wonderful encouragement and it is just what I needed. Thanks again!

[icanhazcpa]

@heidi that was the first thing I tried, but I don't think it works. The next one for seven year property is like 26% so if you take (1/7)(2) = .2857 – .1428 = .1429 so there's something I'm still not getting. I mostly jsut wnat to know now for myself. I think the main advantage for corporations is to get that 1231 ordinary loss. It's more of an advantage to the individual though I agree with you.

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[icanhazcpa]

@heidi that was the first thing I tried, but I don't think it works. The next one for seven year property is like 26% so if you take (1/7)(2) = .2857 – .1428 = .1429 so there's something I'm still not getting. I mostly jsut wnat to know now for myself. I think the main advantage for corporations is to get that 1231 ordinary loss. It's more of an advantage to the individual though I agree with you.

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[icanhazcpa]

I have a question regarding AMT. In Becker they simply list adjustments as add or subtract these, but then they never go into any additional detail. Now that I'm working the questions, I have no clue what to add and what to subtract. Is there a rule or something I don't know?

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[icanhazcpa]

I have a question regarding AMT. In Becker they simply list adjustments as add or subtract these, but then they never go into any additional detail. Now that I'm working the questions, I have no clue what to add and what to subtract. Is there a rule or something I don't know?

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[terranz]

Hi all

I looked around and couldn't find the conclusion to the solution to this MCQ:

A couple gets divorced, and husband paid alimony to wife at the rate of $60,000 in 2010, $25,000 in 2011, and nothing in 2012. What amount of alimony recapture must be included in husbands gross income for 2012?

answer choices:

a. 10000

b. 0

c. 35000

d 47500

I followed ninja notes formula, and ended up figured that the answer had to be d. but if I follow the formula to a T, I don't get 47500.

ninja notes pasted by jeff elsewhere in forum:

ALIMONY RECAPTURE

-2nd Year: (3rd year – 2nd year – $15,000)

– 1st Year:

1st Year Alimony Paid

<Avg alimony paid in 2nd & 3rd years>

<$15,000>

<Recapture from 2nd year>

=1st Year Alimony Recapture

– Total Recapture = 1st Year Recapture + 2nd Year

Recapture

If you follow the above, 2nd year recapture= 10000.

to get year 1 recapture, I have the following:

60000 [1st year alimony paid]

– 12500 (Average alimony paid in 2nd and 3rd year)

– 15000 (per formula above)

– 10000 (recapture from 2nd year)

Total that, and you get 22,500 for year 1 recapture

year 1 + year 2 recapture = 10000+22500 = 32500 which is none of the answer choices.

any help is appreciated!

[terranz]

Hi all

I looked around and couldn't find the conclusion to the solution to this MCQ:

A couple gets divorced, and husband paid alimony to wife at the rate of $60,000 in 2010, $25,000 in 2011, and nothing in 2012. What amount of alimony recapture must be included in husbands gross income for 2012?

answer choices:

a. 10000

b. 0

c. 35000

d 47500

I followed ninja notes formula, and ended up figured that the answer had to be d. but if I follow the formula to a T, I don't get 47500.

ninja notes pasted by jeff elsewhere in forum:

ALIMONY RECAPTURE

-2nd Year: (3rd year – 2nd year – $15,000)

– 1st Year:

1st Year Alimony Paid

<Avg alimony paid in 2nd & 3rd years>

<$15,000>

<Recapture from 2nd year>

=1st Year Alimony Recapture

– Total Recapture = 1st Year Recapture + 2nd Year

Recapture

If you follow the above, 2nd year recapture= 10000.

to get year 1 recapture, I have the following:

60000 [1st year alimony paid]

– 12500 (Average alimony paid in 2nd and 3rd year)

– 15000 (per formula above)

– 10000 (recapture from 2nd year)

Total that, and you get 22,500 for year 1 recapture

year 1 + year 2 recapture = 10000+22500 = 32500 which is none of the answer choices.

any help is appreciated!

[mmp3]

icanhazcpa: the best way to remember AMT is add back all your deductions except home acquisition mortgage interest and charitable contributions. The point behind AMT is the IRS wants to make sure all those “rich” people who have lots of itemized deductions still pay their fair share of taxes.

FAR 92 (2/27/13)
AUD 99 (4/18/13)
REG 93 (7/5/13)
BEC 92 (8/12/13)

Becker Self Study

[mmp3]

icanhazcpa: the best way to remember AMT is add back all your deductions except home acquisition mortgage interest and charitable contributions. The point behind AMT is the IRS wants to make sure all those “rich” people who have lots of itemized deductions still pay their fair share of taxes.

FAR 92 (2/27/13)
AUD 99 (4/18/13)
REG 93 (7/5/13)
BEC 92 (8/12/13)

Becker Self Study

[icanhazcpa]

@mmp3 thank you I think I still need to wrap my mind around tax buh I'm really having a hard time with this stuff :/

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[icanhazcpa]

@mmp3 thank you I think I still need to wrap my mind around tax buh I'm really having a hard time with this stuff :/

BEC - 83
FAR - 83
REG - 74, 78
AUD - 76

Becker Self Study

[Author]

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