[jeff]

Welcome to the Q2 2015 CPA Exam Study Group for REG.

“Death and Taxes” – Individual Tax for the CPA Exam

Posted by Another71 on Monday, November 24, 2014

Free NINJA: https://www.another71.com/cpa-exam-study-plan/

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

[Anonymous]

Sandia,

That would be strange, casualty loss is reduced by 10% agi and 100 bucks

[Sandia]

yes = zero but it must be included in Sch A..

FAR - 77 x2 Wiley book & no test bank
AUD - 83 x3 NINJA Test bank 3 time
REG - 80 x1 NINJA Test bank
BEC - 78 X2 NINJA Test bank ..done!!promesa cumplida mama -que llege al cielo 🙂
Ethic 100% Licensed VA CPA

[willpassby2014]

@vritti- Repairs to assessments are deductible

BEC Passed
FAR Passed
AUD Passed
REG Passed

[hunter32]

Welp, here goes nothing. Hopefully my 4500 ninja attempts pay off…

BEC - 80 (Becker)
AUD - 92 (Becker+NINJA MCQ)
FAR - 87 (Becker+NINJA MCQ)
REG - 90 (Becker+NINJA MCQ and Audio)

[jstay]

good luck @hunter32!!!

[Gabe]

You got this Hunter!

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

[Anonymous]

good luck!

[Anonymous]

Good luck! Check back in and let us know how it went.

[Gabe]

@cpa sorry I missed your question- I was trending at 100% (I got to the review stage and kept doing all “missed” questions). My overall average was 82%.

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

[Anonymous]

Review phase means you answered every single question correctly? Did you use another test bank as well? I've done about 1,380 questions with 500 remaining (mostly blaw). Trending at 76%. I'm plan is to finish the remaining 500. Then go back and re-do all the Becker questions. I know angel watch wouldn't be to happy but I haven't attempted any sims yet. Consensus is you need to learn to utilize the AL because the sims suck! Which is what I'll be practicing next week. First time around I did about 1,200 ninja questions only so I feel confident I will pass this time around!

[Anonymous]

Actually I'm not so sure about the sims. After taking my exam, my position is that you really need to be familiar with the AL so you can quickly find what you're looking for in it. I think it's important to practice some Simulations to get a feel for them. But after having taken the exam, I could have done a hundred more simulations and I don't think it would have prepared me for the ones on the actual exam.

All of my Simulations were on topics covered in the MCQ. So by really practicing the MCQ and knowing the concepts, you're preparing for the Simulations too. But the simulations were just a lot more complicated and difficult than I was expecting.

[Anonymous]

I always get Gleim SIMs and do them all few days before the test. If anything, it helps to remember concepts and see the whole picture sort of. Worked so far

[jstay]

feel like i should know AMT like the back of my hand

[Gabe]

@cpa yes review means you've answered every question correctly at least once. For my re-take I did more sims, and it made me feel more prepared going in, but that's subjective.

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

[jstay]

what are the rules for S corps and liabilities with basis? the liability won't increase the owners basis?

[Author]

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