[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

[Heidi-O]

@Terranz I used the formula on the IRS website and got 47,500. HOW I got to 47,500, I have no clue yet. The formula might make more sense to you as I have not done the Payments Pursuant to a Divorce – this was material that was added to Becker on their website and I went hunting when I found more info on your question. THANK YOU!! This could have been on a Sim that I would have been WHAA???

Ok, Becker states that you must find the excess paid in year 2. Which is 25,000 – 15,000 = 10,000.

According to the IRS website, there is a Floor in their calculations of 15,000. And I find that a repeating thing.

Next you find the excess in year 1 which is calculated as:

Yr 1 Pmt – [15,000 + ((Yr 2 Pmt – Yr 2 Excess) + Yr 3 pmt)/2]

60,000 – [15,000 + ((25,000-10,000) + 0)/2)

60,000 – [15,000 + ((15,000) + 0)/2) I noticed how the year 2 calculation came out to 15,000 which makes sense if you always subtract 15,000 from it to get the excess.

60,000 – (15,000 + 7,500)

60,000 – 22,500 = 37,500 Excess Paid in Year 1

The amount to recapture is the Excess paid in year 1 + the Excess Paid in Year 2 = 37,500 + 10,000 = 47,500

I see a pattern up there of the (15,000 + (15,000 + Year 3)/2) to subtract from Year 1 Pmt to get the Year 1 excess pmt, but I do not have homework yet to try it out on.

As I said, this was added later to my Becker stuff and had you not posted that question, I wouldn't have looked it up. So THANK YOU!!! Honestly 🙂

FAR Aug 2012 79
AUD Oct 2012 84
REG Aug 2013 87
BEC Jan 2013 80

[terranz]

@Heidi-O

Thanks for the response. Where did you find the extra becker materials you are referring to?

And, based on what you read, is the Ninja notes formula incorrect then, or am I misunderstanding the ninja notes formula.

Thanks!!

[terranz]

@Heidi-O

Thanks for the response. Where did you find the extra becker materials you are referring to?

And, based on what you read, is the Ninja notes formula incorrect then, or am I misunderstanding the ninja notes formula.

Thanks!!

[Heidi-O]

Terranz It's all algebraic. Um… To say that Jeff is wrong.. – I have the notes too. But for the Ninja calculation of 2nd year = (3rd year – 2nd year – 15,000) would result in a negative number. 0- 25,000 – 15,000 = (40,000) But then I tend to be very detailed oriented.

I have the 2nd year Excess as being simply Year 2 – 15,000 = Year 2 Excess – The 15,000 being the IRS floor for year 2.

Then the equation for year 1 excess would be:

60,000 Year 1 alimony

(15,000) IRS Floor for year 1 – always need that floor

(Yr 2 – Yr 2 excess + Year 3)/2

= Year 1 Excess

Then Year 1 Excess + Year 2 Excess = Total Recapture

I tried to break it out, see if it works for you.

As far as Becker, I went to their website to get the updates and printed them out (for the book) not noticing that there was a link attached to the Payments pursuant to a divorce statement – when I clicked on it, a full page of information came up. I am, by the way, in the 2012 Becker Book. So I missed it the first time it came out too. I got the SOX link but it was pretty straight forward when it said “This is not covered in your book – look in AUD or click here).

FAR Aug 2012 79
AUD Oct 2012 84
REG Aug 2013 87
BEC Jan 2013 80

[Heidi-O]

Terranz It's all algebraic. Um… To say that Jeff is wrong.. – I have the notes too. But for the Ninja calculation of 2nd year = (3rd year – 2nd year – 15,000) would result in a negative number. 0- 25,000 – 15,000 = (40,000) But then I tend to be very detailed oriented.

I have the 2nd year Excess as being simply Year 2 – 15,000 = Year 2 Excess – The 15,000 being the IRS floor for year 2.

Then the equation for year 1 excess would be:

60,000 Year 1 alimony

(15,000) IRS Floor for year 1 – always need that floor

(Yr 2 – Yr 2 excess + Year 3)/2

= Year 1 Excess

Then Year 1 Excess + Year 2 Excess = Total Recapture

I tried to break it out, see if it works for you.

As far as Becker, I went to their website to get the updates and printed them out (for the book) not noticing that there was a link attached to the Payments pursuant to a divorce statement – when I clicked on it, a full page of information came up. I am, by the way, in the 2012 Becker Book. So I missed it the first time it came out too. I got the SOX link but it was pretty straight forward when it said “This is not covered in your book – look in AUD or click here).

FAR Aug 2012 79
AUD Oct 2012 84
REG Aug 2013 87
BEC Jan 2013 80

[ssiegri]

Heidi – Basically, I believe that the “benefit” in a corporate capital gain is that you aren't wasting your prior and future capital losses

[ssiegri]

Heidi – Basically, I believe that the “benefit” in a corporate capital gain is that you aren't wasting your prior and future capital losses

[tomq04]

Took my test today. I feel…absolutely nothing. I knew the foundations of what was being asked, and never felt like I was floundering out there. I still feel like I didn't do well, nor bad. Unfortunately for me I will not get my results until December when i finish my last 5 credits required, so I will move on to FAR and keep trudging. I do not feel like I was totally prepared, but perhaps CPA excel laid a decent ground work for me.

Good luck to everyone else, I plan on drinking all night, my co-worker brought me a delicious home brewed hard cider for lunch, and I grabbed a 22 bomber for myself for the afternoon stretch. Tonight is pizza and more beer. My wife said I get a pass to be a whiny “you know what” tonight and until she gets her wisdom teeth yanked out of her face tomorrow at 9 am, so I will make the most of it. Pitcher of Mac n Jack's with some buffalo chicken pizza here i come!!

REG- (1) 76
FAR- (2) 64, (5)74, (7)83 (Over achiever!)
AUD- (3) 70, (4) 75
BEC- (6) 75

[tomq04]

Took my test today. I feel…absolutely nothing. I knew the foundations of what was being asked, and never felt like I was floundering out there. I still feel like I didn't do well, nor bad. Unfortunately for me I will not get my results until December when i finish my last 5 credits required, so I will move on to FAR and keep trudging. I do not feel like I was totally prepared, but perhaps CPA excel laid a decent ground work for me.

Good luck to everyone else, I plan on drinking all night, my co-worker brought me a delicious home brewed hard cider for lunch, and I grabbed a 22 bomber for myself for the afternoon stretch. Tonight is pizza and more beer. My wife said I get a pass to be a whiny “you know what” tonight and until she gets her wisdom teeth yanked out of her face tomorrow at 9 am, so I will make the most of it. Pitcher of Mac n Jack's with some buffalo chicken pizza here i come!!

REG- (1) 76
FAR- (2) 64, (5)74, (7)83 (Over achiever!)
AUD- (3) 70, (4) 75
BEC- (6) 75

[ORcpaHOPEFUL]

@LSYNC- yay! good call on pushing it back and best of luck 🙂

@Ismael Anontio- looking at your scores from your other sections AND the fact that they were on the first attempt… you're going to be just fine! It looks like you've been shooting for the moon with your studying so i'm sure you'll pass!

FAR: PASSED!! 64, 68, 79 on 2/27/13!
AUD: PASSED!! 73, 93 on 4/5/13!!!
BEC: PASSED!! 75 (phew) on 5/24/13!
REG: PASSED!!! 77 on 8/7/13 I AM DONE!!!!!

Experience: got it!
Ethics Exam: PASSED on first try (what a waste of money)

[ORcpaHOPEFUL]

@LSYNC- yay! good call on pushing it back and best of luck 🙂

@Ismael Anontio- looking at your scores from your other sections AND the fact that they were on the first attempt… you're going to be just fine! It looks like you've been shooting for the moon with your studying so i'm sure you'll pass!

FAR: PASSED!! 64, 68, 79 on 2/27/13!
AUD: PASSED!! 73, 93 on 4/5/13!!!
BEC: PASSED!! 75 (phew) on 5/24/13!
REG: PASSED!!! 77 on 8/7/13 I AM DONE!!!!!

Experience: got it!
Ethics Exam: PASSED on first try (what a waste of money)

[Ismael Antonio]

@ORcpaHOPEFUL- Thanks for your good wishes, I am working hard for REG, but these exam can be a big surprise.

I hope you pass also, you are like me, in the last part, I don't know what you have in your study plan, but I am planing to focus these last days in Tax areas. Individual Income taxation, partnerships, C and S corporations. Also do not forget to read on gifts, estates and trusts.

Good luck 🙂

FAR: 91, first attempt

BEC: 86, first attempt

AUD: 99, first attempt

REG:???

[Ismael Antonio]

@ORcpaHOPEFUL- Thanks for your good wishes, I am working hard for REG, but these exam can be a big surprise.

I hope you pass also, you are like me, in the last part, I don't know what you have in your study plan, but I am planing to focus these last days in Tax areas. Individual Income taxation, partnerships, C and S corporations. Also do not forget to read on gifts, estates and trusts.

Good luck 🙂

FAR: 91, first attempt

BEC: 86, first attempt

AUD: 99, first attempt

REG:???

[Ismael Antonio]

@ORcpaHOPEFUL- Thanks for your good wishes, I am working hard for REG, but these exam can be a big surprise.

I hope you pass also, you are like me, in the last part, I don't know what you have in your study plan, but I am planing to focus these last days in Tax areas. Individual Income taxation, partnerships, C and S corporations. Also do not forget to read on gifts, estates and trusts.

Good luck ORcpaHOPEFUL 🙂

FAR: 91, first attempt

BEC: 86, first attempt

AUD: 99, first attempt

REG:???

[Ismael Antonio]

@ORcpaHOPEFUL- Thanks for your good wishes, I am working hard for REG, but these exam can be a big surprise.

I hope you pass also, you are like me, in the last part, I don't know what you have in your study plan, but I am planing to focus these last days in Tax areas. Individual Income taxation, partnerships, C and S corporations. Also do not forget to read on gifts, estates and trusts.

Good luck ORcpaHOPEFUL 🙂

FAR: 91, first attempt

BEC: 86, first attempt

AUD: 99, first attempt

REG:???

[Author]

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