[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]

just dumb things down for yourself first, the last thing you need is to get lost in unclear calculations

[Anonymous]

Multiply by 1.5/12 because that's how many months out of the year are left.

[Anonymous]

Understand thanks guys! Just got to prometrics sitting in my car. I'm 50 minutes early but sometimes they let me start earlier. Anyways I'll be back around 2pm! Good luck today @dpd

[Anonymous]

good luck DPD516

[Anonymous]

Originally, I thought a CPA could only recommend a tax position that had a “realistic possibility” (a.k.a. “the position will more likely than not be upheld” or 1/3 probability of success). However, I have seen other literature stating that “more likely than not” is now the new standard (a.k.a. “better than one chance out of two”).

Can anyone provide more clarity on the appropriate standard for judging the chances of a position being accepted by the IRS?

[Anonymous]

So if merchant delivers stuff using their own truck it's called “hold for pick up”? Even if it is actually delivered? I am little confused

[Anonymous]

Thank you!! Best of luck to anyone sitting today or tomorrow.

[Anonymous]

I believe realistic possibility is OK as long as it's disclosed

if it's not disclosed then should be at least more likely than not

at least that was my understanding

[Gabe]

Just wanted to drop in and say good luck to all those sitting soon!

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

[No_one]

Good luck CPA8488 and DPD…

CA Candidate
FAR: You are down...
Aud: Surprised me...Thanks
BEC: 75% work done
REG: It's 80 but I am 100% done 🙂

[Anonymous]

Thanks, Anjanja. It's still not that clear to me when the threshold is 1) more likely than not 2) realistic possibility 3) reasonable basis. Are there any concrete examples?

[Anonymous]

[Anonymous]

all I know is reasonable ~ 20%, realistic ~ 33%, more likely than not > 50% or 51%

substantial authority 40%

as far as particular example goes, I think it's probably based on CPA's judgement, I doubt we will be asked to answer that

[Tncincy]

Good morning everyone…..Hope all is having a good study session. And good luck to those taking the exam. I've already bombed 30 mcq's I'm doing another set until my trend goes up. I really appreciate the help from this study group…..Amazing…..I hope we all pass. Yes I am feeling good, got my coffee, my children are still sleep, my husband is busy, so I can study….Yaaayyyyy Mcq's here I come.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Anonymous]

I have my kid at daycare while I am home studying, so much better when he is not here with his noisy toys and demands. Bad mommy

also switched to claritin and life immediately got much better. Hoping to get through couple chapters today, and swear not to check work email

[Author]

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