[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]

@jstay, how did you do?

[Anonymous]

Congrats jstay, CTM, cpa8488!

[No_one]

yyeeee Congrats CTM, Jstay and CPA8488…I slept off saying Good luck and got up saying Congrats nothing can be better than this..

Enjoyyyyyyyyyyyyyyy

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

[hunter32]

Thanks everyone. Q2 Reg study group was so helpful in passing. Good luck to everyone still waiting or taking the test.

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

[Anonymous]

Congrats guys!

[willpassby2014]

yaaay…congrats CTM, Jstay and CPA8488 ,Hunter……

This is going to motivate us -q2 test takers on saturday and sunday….

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

OK, another day of highly productive work imitation!

[willpassby2014]

If United Partnership formed on September 15, 2014, and elected to use the fiscal year ending November 30, what date must they file their tax return by?

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

march 15th? there is a trick here, isn't it, they probably file some short year return or something

[willpassby2014]

YOU ARE RIGHT ANNA

BEC Passed
FAR Passed
AUD Passed
REG Passed

[willpassby2014]

i AM unable to understand this. Is it not 3 years from due date of return .

A calendar-year individual filed an income tax return on April 1. This return can be amended no later than:

A.

4 months and 15 days after the end of the calendar year.

B.

10 months and 15 days after the end of the calendar year.

C.

3 years, 3 months, and 15 days after the end of the calendar year. D.

3 years after the return was filed.

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

Congrats to all you guys you passed!

It was easier to look up the answer than to look up the question. Here it is:

An individual's estimated tax payments must be 100% (110% if prior year AGI > $150k) of the prior year's tax or 90% of current year's tax.

A corporation's is 100% of PY or 100% of CY, but paying 100% of PY is not an option for a large corp (taxable income of $1M + during any of the past 3 years).

Estimated tax payments are due the 15th of the 4th, 6th, 9th, and 12th months of the year for corporations. For individuals, it's the 15th of the 4th, 6th, 9th, and 1st month.

Sounds right? It IS easier remembering this stuff when we've talked about it in this group.

[Anonymous]

Just got most of UCC questions wrong, this is really frustrating. Apparently some perfections are more perfect than others. Incredibly irritating topic. Who the f came up with these concepts, I want to see their faces

[Anonymous]

willpassby2014,

what do you mean I am right? When do they need to file?

[Anonymous]

I've had that question. 4 months after fiscal YE, so march 15.

[Author]

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