REG Study Group October November 2013 - Page 57

Viewing 15 replies - 841 through 855 (of 3,212 total)
  • Author
    Replies
  • #480059
    jeff
    Keymaster

    Post-July exams use 2013 numbers. Tax law changes are tested 6 mo. after their effective date.

    #480082
    jeff
    Keymaster

    Post-July exams use 2013 numbers. Tax law changes are tested 6 mo. after their effective date.

    #480061
    Anonymous
    Inactive

    Thanks guys for the tax-update and clarification. I can't imagine not getting a question with a medical deduction. Definitely a good one to know.

    #480084
    Anonymous
    Inactive

    Thanks guys for the tax-update and clarification. I can't imagine not getting a question with a medical deduction. Definitely a good one to know.

    #480063
    Anonymous
    Inactive

    For those of you taking REG in October, how far along are you with your studies? I'm just trying to gauge my own progress.

    I am using Becker and am through R1-R3 completely and R4 lectures (plan to start R4 hw and sims tonight and be complete by tomorrow afternoon).

    #480086
    Anonymous
    Inactive

    For those of you taking REG in October, how far along are you with your studies? I'm just trying to gauge my own progress.

    I am using Becker and am through R1-R3 completely and R4 lectures (plan to start R4 hw and sims tonight and be complete by tomorrow afternoon).

    #480065
    Qlad
    Member

    i am getting all mixed up with those difficult law language words…..what way r u all using to remember what they mean ….please share….

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480088
    Qlad
    Member

    i am getting all mixed up with those difficult law language words…..what way r u all using to remember what they mean ….please share….

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480067
    svwCPA72
    Member

    Has anyone had a sim where you had to fill in info for a 1065, sch k, and k1? Or filling in any of the forms? I just had one in my practice exam I took with Wiley. I wasn't able to find anything in research section for the form.

    Also is there a way to review the practice exam in Wiley after you take it? That way you can see exactly where you went wrong? I just got a 68%, but I think most of it is from the sims but I know there were some MCQs that I got wrong and wanted to make sure I understood them correctly.

    Thanks

    BEC: 80(8/10) expired, 77(10/14)!!!
    FAR: 79(11/10) expired, 80(8/14)!!!
    REG: 66(7/11), 70(1/12), 70(4/12), 73(10/13), 79(5/14)!!
    AUD: 43(8/11), 64(10/11), 65(2/12), 69(7/12) 64(10/12), 73(5/13), 64(7/13), 84(11/13)!!! Thank you Another71 for your help!

    Becker, Ninja Notes, Audio, Flashcard and Wiley test bank
    Yaeger and Wiley book for Audit

    I AM DONE!!!!

    #480090
    svwCPA72
    Member

    Has anyone had a sim where you had to fill in info for a 1065, sch k, and k1? Or filling in any of the forms? I just had one in my practice exam I took with Wiley. I wasn't able to find anything in research section for the form.

    Also is there a way to review the practice exam in Wiley after you take it? That way you can see exactly where you went wrong? I just got a 68%, but I think most of it is from the sims but I know there were some MCQs that I got wrong and wanted to make sure I understood them correctly.

    Thanks

    BEC: 80(8/10) expired, 77(10/14)!!!
    FAR: 79(11/10) expired, 80(8/14)!!!
    REG: 66(7/11), 70(1/12), 70(4/12), 73(10/13), 79(5/14)!!
    AUD: 43(8/11), 64(10/11), 65(2/12), 69(7/12) 64(10/12), 73(5/13), 64(7/13), 84(11/13)!!! Thank you Another71 for your help!

    Becker, Ninja Notes, Audio, Flashcard and Wiley test bank
    Yaeger and Wiley book for Audit

    I AM DONE!!!!

    #480069
    Qlad
    Member

    @cpa 72…

    this is my first attempt but i have heard that forms do show up on the exam,…

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480092
    Qlad
    Member

    @cpa 72…

    this is my first attempt but i have heard that forms do show up on the exam,…

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480071
    Kenada
    Member

    I will say yes there can be possibilities where you will need to fill in a tax form. All I can say is practice and get comfortable doing them πŸ™‚

    FAR 05/27/14; 786/110 - Done !

    #480094
    Kenada
    Member

    I will say yes there can be possibilities where you will need to fill in a tax form. All I can say is practice and get comfortable doing them πŸ™‚

    FAR 05/27/14; 786/110 - Done !

    #480073
    Kenada
    Member

    Hello Ninja's

    Can I have you please help me with these partnership Questions.

    I will start with Q 57 from the Wiley book.

    Stone and Frazier decided to terminae the woodwest P/ship as of Dec 31. On that Date the Woodwest B/S was as follows:

    Cash 2000.00

    Land(adjusted basis) 2000.00

    Capital – Stone 3000.00

    Capital – Frazier 1000.00

    The FMV of land was 3000.00. Frazier's outside basis in the partnership was 1,200.00. Upon liquidation, Fraziers received 1,500.00 Cash. What gain should Frazier recognize?

    A 0

    B 250

    C 300

    D 500

    Please help me understand why you picked your answer as I was confused between two possible options.

    FAR 05/27/14; 786/110 - Done !

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