[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

[mmp3]

Heidi-o: I took reg on July 5. Honestly I'm not sure how I did. I felt comfortable with the mcqs for the most part but the sims were tough. I completely spaced on one of them and had 2 research questions so I'm pretty sure that one counted. I think I got one of the research but not the other so depending which one was the pretest I may be in trouble. I guess it all depends how it's graded. Good luck to you!

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

Becker Self Study

[mmp3]

Heidi-o: I took reg on July 5. Honestly I'm not sure how I did. I felt comfortable with the mcqs for the most part but the sims were tough. I completely spaced on one of them and had 2 research questions so I'm pretty sure that one counted. I think I got one of the research but not the other so depending which one was the pretest I may be in trouble. I guess it all depends how it's graded. Good luck to you!

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

Becker Self Study

[Heidi-O]

@MMP3 You probably made it. You're not over confident and you're not under confident – that is usually a good sign 🙂 Thank you for your well wishes! You only have BEC to go!! (at least that's how I will view it for you!).

Can't wait to here you scored 92!! 🙂

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

[Heidi-O]

@MMP3 You probably made it. You're not over confident and you're not under confident – that is usually a good sign 🙂 Thank you for your well wishes! You only have BEC to go!! (at least that's how I will view it for you!).

Can't wait to here you scored 92!! 🙂

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

[Heidi-O]

@Ismael You seem to be on the right track!! You have certainly done well on the others!! You can do this!! You have a good study record and testing track!! 🙂

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

[Heidi-O]

@Ismael You seem to be on the right track!! You have certainly done well on the others!! You can do this!! You have a good study record and testing track!! 🙂

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

[Anonymous]

I swear I posted this question beore but now I don't see it. (Maybe it was in another thread?) Anyway, for SOX, are you guys talking about just these multiple choice questions or something else? https://ebookbrowse.com/2012-regulation-update-r4-sox-questions-pdf-d399046794

[Anonymous]

I swear I posted this question beore but now I don't see it. (Maybe it was in another thread?) Anyway, for SOX, are you guys talking about just these multiple choice questions or something else? https://ebookbrowse.com/2012-regulation-update-r4-sox-questions-pdf-d399046794

[Heidi-O]

@DJN I was talking about this information

Created with Compare Ninja

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

[Heidi-O]

@DJN I was talking about this information

Don't know if that answers the question…. :}

Created with Compare Ninja

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

[Heidi-O]

Ok, let me see if I understand this correctly. A C Corporation has to net Capital Gains against Capital losses (net the LT and ST together first, and then the remainder of the two). If there is a LTCL or an STCL then the company CANNOT deduct it as ordinary income, and has to carry it back 3 and carry it forward 5 years to deduct from Net Capital or Section 1231 gains. IF the Corporation has a LTCG or a STCG – the advantage is that it is recorded at the Corporation's normal operating income tax level amounts.

If an asset is sold for 13,000 that was purchased for 10,000 and deprecation was 2,000 = 8,000 basis. Then the first 2,000 goes to Depreciation Recapture = Ordinary Income. The 8,000 basis is No Gain or Loss as it was just cost recovery. This leaves the 3,000 Section 1231 Capital Gain that gets recorded as Normal Income

Is this right?

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

[Heidi-O]

Ok, let me see if I understand this correctly. A C Corporation has to net Capital Gains against Capital losses (net the LT and ST together first, and then the remainder of the two). If there is a LTCL or an STCL then the company CANNOT deduct it as ordinary income, and has to carry it back 3 and carry it forward 5 years to deduct from Net Capital or Section 1231 gains. IF the Corporation has a LTCG or a STCG – the advantage is that it is recorded at the Corporation's normal operating income tax level amounts.

If an asset is sold for 13,000 that was purchased for 10,000 and deprecation was 2,000 = 8,000 basis. Then the first 2,000 goes to Depreciation Recapture = Ordinary Income. The 8,000 basis is No Gain or Loss as it was just cost recovery. This leaves the 3,000 Section 1231 Capital Gain that gets recorded as Normal Income

Is this right?

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

[Anonymous]

Editing my previous post:

Thank you Heidi-O for posting that.. I see this now as the very last piece of info in R-8 in my book. I was really worried that there was YET MORE stuff out there I needed to worry about, LOL.

[Anonymous]

Editing my previous post:

Thank you Heidi-O for posting that.. I see this now as the very last piece of info in R-8 in my book. I was really worried that there was YET MORE stuff out there I needed to worry about, LOL.

[jeff]

BLITZ: Corporate Tax video is re-posted for the weekend

https://www.another71.com/ninja-blitz/

[Author]

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