REG Study Group Q4 2014 - Page 186

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  • #631956
    WANNABE_CPA
    Member

    @mommy…seems like you took the night off , you had some serious sleep to catch up with.

    didnt see you all here last night..

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

    #631957
    Anonymous
    Inactive

    I don't study on Monday nights. It's family night because it is the only night during the work week that isn't a designated study night and my husband is off work. I did go to bed at 9:00 p.m., which is about 3 hours earlier than I normally go to bed. It was FABULOUS! πŸ™‚ I am rested for my study session tonight. Going to tackle corps tonight and tomorrow night. I must learn corporate tax!!!! What are you focusing on today wannabe?

    #631958
    CPAfit
    Participant

    @mommy same here for corporate tax. I just want to make sure that I get all the rules sorted for individual and corps by the end of this week. So when i'm doing my Final review, I should not be second guessing any of my answers.

    One thing though, I saw @mommy post a few posts back that you make an excel/word sheet to put down all the answers/explanations that you got wrong. Can you give me an idea how it looks like? The biggest problem with my Becker TB is that I can't copy anything (questions/answers/explanations) so I have to write/type down everything manually which is time consuming

    #631959
    WANNABE_CPA
    Member

    @mommy…thats great you rested last night, i was kind of disoriented, didnt do alot last night..I am fine with big stuff in Individual tax, i have few small topics like Credits and AMT left, i need to do that…Tax i feel i am atleast practicing and learning everyday…i have no clue about ethics and Blaw, i know few topics and others i dnt know at all, so i am going to get few Blaw topics one…Do you think business structures is important..There are 137 mcqs in becker for business structure..I am getting really lazy to do that…what you say? Also have a list of 37 Simulations …lol ..that is a joke right

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

    #631960
    Anonymous
    Inactive

    @zubairs–I would not do that if I couldn't copy/paste. You are better off sticking to just typing in your own notes into the ninja notes (if converted to Word) or just keep hand writing notes than you are to try to do that with all the questions from the test bank. Maybe just type up important facts that you keep forgetting or something…

    #631961
    Tax lady
    Participant

    POP QUIZ: What types of distributions reduce E&P?

    REG 8/15/14 (73); 11/13/14 (82)-expired πŸ™
    AUD 5/30/15 (80)
    BEC 11/28/15 (75)
    FAR 7/30/16

    Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

    #631962
    Anonymous
    Inactive

    I think there is a good chance you will be asked questions about which type of entity someone should form when they want certain criteria or benefits so you should definitely know the differences between the entities like liability, taxation, pass through, etc. The ones in Ninja are pretty good.

    #631963
    Anonymous
    Inactive

    Tax Lady–Dividends

    #631964
    WANNABE_CPA
    Member

    @zubairs…Thats right becker sucks for that, you have to do soo much writing, i was writing down points i forget as well and when i was going through Ninja mcqs i was still doing that until mama mentioned about copy pasting from it…Lol so now i am atleast copy pasting few things from Ninja that i get wrong.

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

    #631965
    Tax lady
    Participant

    and….there's one more.

    REG 8/15/14 (73); 11/13/14 (82)-expired πŸ™
    AUD 5/30/15 (80)
    BEC 11/28/15 (75)
    FAR 7/30/16

    Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

    #631966
    WANNABE_CPA
    Member

    @Tax lady..thanks for stopping by and quizing us..What section are you taking next?

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

    #631967
    WANNABE_CPA
    Member

    Smith works at several regular work locations in duties performed as an electrician. Which of the following statements best describes the deductibility of transportation expenses incurred by Smith in going from his personal residence to a temporary work site?

    A.

    Only if Smith's residence qualifies as a β€œprincipal place of business” (i.e., Smith qualifies to deduct home-office expenses) may the transportation expenses be deducted

    B.

    Only if the temporary work location is considered to be outside the metropolitan area where Smith resides may the transportation expenses be deducted (i.e., the transportation must pass the distance test)

    C.

    Smith may deduct the transportation expenses even after failing the home-office test and the distance test.

    D.

    The transportation expenses are considered to be commuting expenses and are therefore not deductible.

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

    #631968
    Anonymous
    Inactive

    Loss

    #631969
    Tax lady
    Participant

    Well hopefully not REG. lol I'm in the doubting myself stage thinking I probably failed. UGH If I pass I intend on doing AUD next.

    REG 8/15/14 (73); 11/13/14 (82)-expired πŸ™
    AUD 5/30/15 (80)
    BEC 11/28/15 (75)
    FAR 7/30/16

    Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

    #631970
    Tax lady
    Participant

    My answer was cash and property distributions….

    REG 8/15/14 (73); 11/13/14 (82)-expired πŸ™
    AUD 5/30/15 (80)
    BEC 11/28/15 (75)
    FAR 7/30/16

    Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

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