[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[Anonymous]

@ peko8535 Thanks for the tip. This tax stuff is giving me a hard time so I wanted to focus on it. I find it interesting but it's just so much to learn with the details in all.

[Anonymous]

Good luck today Amay!

I'm getting ready to take a practice exam. Let's see how much I know/don't know. 50 hours until test.

[only1testleft]

Hi!

This question is driving me crazy and I cannot find the answer anywhere!

Would interest income from a savings account in a foreign country be includable in gross income?

Since I cannot find the answer, I'm assuming it must be included since it does not appear to be specifically excluded. Anyone know the answer to that?

Thanks!

BEC: 83
FAR: 84
AUD: 88
REG: Waiting & Praying for a passing score!

[MikeHoncho]

Yup, you must report income from all sources within and outside the US.

Done: 5/22/14

"Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut."
- Ernest Hemingway

[Amay]

Thanks Mama! Getting ready to go in!!!!!!!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Anonymous]

Got 78% on the practice exam. The SIMS were brutal. I consistently screw up dividends received deduction questions and must learn the ins and outs of AMT.

[Anonymous]

@CPAMommy That's not all that bad; I got that for my practice score and passed FAR.. I don't think the p exams really indicate as much as we'd like to think.. great job and keep going!!

[Anonymous]

I agree. I like taking them to really pinpoint what to focus on in my last couple of days, but I don't think they are the best indicator of how we'll do on the exam. Of course I got 77% and 81% on my FAR practice exams from the WTB and I scored an 81% on the real thing, so who knows? I also like testing my time, which I don't do while I'm going through the test bank. I took the whole thing in 1 hour and 15 minutes, but I didn't look up anything in the AL so I feel pretty good about my test taking time. We shall see…

[Anonymous]

Good Luck Everyone!!! I am sure all your hard work will pay off. Can't wait to see some of you say you are done when the scores come out!

[jfernandes256]

@CPAMommyof3 Did you take the practice test from Ninja test bank or WTB?

[Anonymous]

@jern–Ninja. I didn't get the WTB for REG.

[Amay]

That is awesome Mama! You should be fine then! Good luck to you an anyone else testing!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Anonymous]

How did it go Amay?!

[NEY_000]

Way to go @cpamamma!! You got this!

AUD - 81 (5/5/14)
REG - 67 (7/28/14) b00; (10/3/2014)
BEC -
FAR -

[Anonymous]

I made a notes list for Carryback/carryforward that might help. Let me know if anything is wrong.

Charitable Contributions (over 10% AGI Limit)–Forward 5 years

Excess investment expense over income–Forward indefinitely

Passive activity loss (in excess of passive activity income)–Forward indefinitely

AMT–Forward indefinitely against future “regular” income tax

Excess 179 Expense–Forward to next year and limited to taxable income

Individual Capital Loss (after $3K against ordinary income and $50K against capital gains)–forward indefinitely (ST or LT)

Corporate Capital Loss–3/5 (all ST)

Net Operating Loss–2/20

[Author]

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