[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/

Post by Another71.

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

[lauren725]

nothing like a few co-workers getting let go to get me in the mood to study – _______-

these oil prices are no joke. gotta find a way to focus now…

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Anonymous]

When is the AGI floor for medical expenses 10% and when is it 7.5%? Becker questions keep jumping back and forth

[Anonymous]

@Sunni – I thought 7.5% is used when taxpayer is 65+

[BEACPA]

Sunni,

I have heard two CPA review courses say not to get tied down with phase outs because they change so regularly. However, they also said there are 2 phaseout you want to know and they are:

Section 179 rule (25,000/200,000)

and

Mom and Pop Rule for passive activity loss, which is eliminated when AGI reaches 150,000.

Good luck!

FAR - 2/28/14 PASS Praise be to God!
AUD - 7/5/14 PASS Praise be to God!
BEC - 11/29/14PASS Praise be to God!
REG - 2/28/14 PASS Praise be to God!

[BEACPA]

Sunni,

BTW, Cracked is right regarding the AGI floor medical deductions.

FAR - 2/28/14 PASS Praise be to God!
AUD - 7/5/14 PASS Praise be to God!
BEC - 11/29/14PASS Praise be to God!
REG - 2/28/14 PASS Praise be to God!

[Anonymous]

@Cracked @BEA But for AMT purposes, even if the person is over 65, you still use 10% and not 7.5%

[knicks92]

hey anyone who has either taken the exam recently or is currently studying:

how important is the domestic production deduction stuff? I am doing my final review and I dont remember doing any questions related to it but i noticed becker has an entire page dedicated to information on the topic.

Tough times don't last. Tough people do.

B: 88
A: 77
R: 89
F:

[WANNABE_CPA]

Could someone confirm, what is the penalty for: “Failure to be diligent in determining a client's Eligibility for the Earned Income Credit”

$100 or $500 ?

One of the solutions in the becker software says $100, whereas in the book it is $500.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Anonymous]

If you fail to comply with EITC due diligence requirements, the IRS can assess a $500 penalty

against you and your employer for each failure (IRC §6695(g)).

https://www.irs.gov/pub/irs-pdf/p4687.pdf

[WANNABE_CPA]

Thanks AmorD, you are my saviour, never coming short of links. Thank You.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[GoVPI]

Taking this in Q2. Just failed AUD for the first time by 5 points. Ouch. Starting REG tomorrow.

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[thelonewolf527]

Well I've once again fallen into the angry pit of “Authoritative Literature doesn't let you search for characters (-, $, etc.)” feeling again. How am I supposed to find “start-up costs” if you won't let me search for “start-up”?

AUD - 08/04/14 - 83
FAR - 11/29/14 - 80
REG - 02/26/15 - 89
BEC - 05/30/15 - 86

DONE!

[Gabe]

@thelonewolf527 yeah it is SUPER frustrating. Maybe try “start” and “up”? I've had that problem with a few different things I was trying to search.

CPA, CFE
CISA- Experience will be completed by August 2016

[NJPRU]

Gabe/Terry!! Did ya'll get your scores?!? How did you do?? Best of luck!!

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Gabe]

@NJ Terry passed!!! I am still waiting on mine…probably some time this afternoon 🙂

Actually, a LOT of people from this study group passed! 🙂

CPA, CFE
CISA- Experience will be completed by August 2016

[Author]

Replies