[jeff]

Welcome to the REG CPA Exam study group for July & August 2018 exams. 🙂

Please introduce yourself & when you’re taking your exam (approximate timeframe).

REG Study Group Links and Resources:

1. NINJA Monthly – Full REG Course for $67/mo
2. How to Study for REG with NINJA Only
3. How to Pass REG in 20 Days
4. How to Retake REG After Failing
5. Video: Study Advice for REG
6. CPA Reviewed Podcast
7. CPA Exam Score Release Dates
8. NINJA MCQ Trending vs Actual REG Scores
9. I Passed the CPA Exam!
10. I Passed REG!
11. NINJA REG SIMS List by Topic
12. Free Downloads: NINJA REG

[Anonymous]

@PDiddy2000 thank you! My mom also suggested setting up rewards for myself – she said to give myself a gold star for every day/hour/lesson that I study and then reward myself after a certain number of gold stars. And she wasn't even an elementary school teacher!

[PDiddy2000]

@panders Your Mom is a smart lady. 🙂

This forum is awesome for CPA candidates too as it provides a sense of community for us as we go through this journey. I know it has helped me.

[Anonymous]

@kalo, Becker is good for REG. It is all I used when I took in Q1.

[brittbras]

Taking REG 7/18/18. I’m using gleim and about to start using Ninja to supplement.

[CPA]

@chandler , Thank you

[Tim]

I'll be taking it at some point. I'm still struggling getting back into study mode after my wedding.

[Anonymous]

Hi everyone,

I will be taking REG on July 23rd, using Becker – This will be my 2nd time taking this exam (I took it Nov. 2017 and scored a 65). Also anxiously waiting for my AUD score on June 28th. I am currently on R3 and boy is it a lot of information.. LOL

@Panders I totally hear that, it gets really tough after a while – I am an auditor at a prestigious firm so I am constantly working till late and having to study late at night and also not go out on the weekend… it really sucks to miss out and it's just exhausting overall but what personally keeps me going is knowing that once I pass all 4, I won't ever have to do them again AND it's kind of a big deal to have your CPA so just think about the reward and how it will alllll be worth it.

We got this 🙂

[PDiddy2000]

I spend my Friday afternoons at work watching Wiley REG videos. How do you spend yours? 🙂

[Broken Toy]

@PDiddy2000 sitting in a Starbucks trying to understand AMT.

[tara18]

I’m taking Reg on September 10th using Gleim. Is anyone else using Gleim?

[lam2848]

Can anyone help me understand this question?

If a landlord abates a portion of rent due under a lease as a contribution toward a retail tenant's construction work, how does the landlord handle the contribution on its tax return?

A. (Correct Answer)
Depreciate as nonresidential real property

B.
Deductible over seven years upon making an election for the tax year in which the lease was entered into

C.
A capital expense deductible over 20 years

D.
Depreciate as residential real property

[Anonymous]

@lam2848, So a rent abatement works like this: Say the lessee rents office space for $5,000 a month. As part of the lease, the landlord is required to make “XX” improvements/additions/repairs. Say these cost $4,000 a month.

Under an abatement, the lessee may pay the construction contractor directly $4,000 a month, and in turn only pay the landlord $1,000 a month.

However, another alternative is that the lessee pays $5,000 to the landlord, who in turn pays $4,000 to the contractor. Since these are capital improvements to commercial property, they aren't immediately deductible (they must be capitalized and depreciated over 39 years).

Obviously, the IRS prefers the 2nd method since it results in immediate income recognition and delayed expense recognition. For this reason, they choose to treat abatements as if they occurred this way. (Otherwise, creative abatement arrangements could be used to defer or avoid tax).

[jeff]

I'm giving away 20 NINJA MCQ Memberships (1 month) … 5 per exam (5 BEC, 5 REG, etc).

To Enter – Post in one study group (for the exam you're taking next) the following:

When are you taking your exam?
What exam topic keeps you awake at night?
One study or career tip others might find helpful.

That's it 🙂

20 Winners … 1 (one) month of NINJA Monthly … you may enter once (but keep posting in the Study Groups … that's kind of the point of the giveaway – to fire them up during a Blackout Month lull 🙂

You'll get all of the NINJA Monthly benefits … Book, MCQ, Notes, Audio, SIMS, videos, private study group, etc. If you're already a NINJA Monthly member – good news – you'll get a free month when your subscription renews – we'll just credit you.

HIYA.

[Anonymous]

Fingers crossed!

When are you taking your exam? July 13th
What exam topic keeps you awake at night? Partnership taxation. It's the worst.
One study or career tip others might find helpful. It's all about time management. Believe me, I know. I suck at it and struggling because of it.

[Kismet]

I'm hoping to take REG in the fall this year. The thing that keeps me up is trying to keep track of all of the updates from the new tax law.
I've been using Wiley but it's hard to motivate myself when the text is so dry. I've found that when I get stuck on a specific topic, finding a video on Youtube about it helps a lot.

[Author]

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