[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[SomedayCPA2015]

OK thanks pia! I keep thinking I'm ok on those, but then questions like this show me otherwise!!!

REG - Passed
BEC - Passed
AUD - Passed
FAR - Passed!!!! I have my life back.

[Tax lady]

@cpahopeful. Thanks! I didn't practice sims much. And I don't recall getting any blaw sims.

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

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

[taxman89]

how do you guys keep the requirements of the 1933 and the 1934 act separate? i keep getting them confused lol

Aud-75 3x I knew i never liked you
Bec-77 1x being in the bubble is stressful
Reg-82 4x its not me its you...and no we cant be friends
Far-78 1x easiest section

[taxman89]

I hit that Pate question in my review course so here is the explanation behind it.

The sale of securities under Rule 505 of Regulation D are exempt if (1) total sales are $5 million or less in any twelve consecutive month period, (2) no general solicitation is used, (3) re-sales are restricted for a minimum of 2 years, (4) sales to non-accredited investors is limited to 35 such investors, and (5) non-accredited investors are given financial statements of the issuer.

Aud-75 3x I knew i never liked you
Bec-77 1x being in the bubble is stressful
Reg-82 4x its not me its you...and no we cant be friends
Far-78 1x easiest section

[WannaBeDone]

I did my REG retake this morning. This might sound crazy so I would be very interested to see if anyone else has experienced this, but I did not get a SINGLE tax form in my simulations! Not a one! Has anyone else on here had that happen?

AUD - 83 (Feb 2014)
FAR - 84 (May 2014)
BEC - 78 (Oct 2014)
REG - 72 (Aug 2014), 76 (Nov 2014) DONE!!!!

[SullivanNJD]

Knowing a tax form is kind of useless anyway because it is always at your disposal in the real world. knowing what goes into it is the tough part so they can test the material without having an actual form

FAR- 87
REG- 81
AUD- 88
BEC-

Who's Better Than Us? nobody

[Anonymous]

Pia, from yesterday's question, shareholders are NOT responsible for the debts of the corporation. So when the corporation borrowed that loan, it didn't increase the shareholder's basis.

[go2134]

Took my exam yesterday. First things first: Know how to navigate the IRC and the sims are NOT bad. Try to go in without practicing the IRC (like I did) and you will not have a fun time. As far as the MCQs go, I'd say they are very fair. I can't recall a single question where I had to refer to a phase-out based on memory. It all comes down to knowing WHEN to apply or include information, not so much the exact number if “x happens, but y also happens, and it's raining outside, on the 3rd Tuesday of the month.”

[SullivanNJD]

good to know the MCQ were fair at least. how do you suggest practicing the IRC?

FAR- 87
REG- 81
AUD- 88
BEC-

Who's Better Than Us? nobody

[taxgeek83]

That moment when you realize your exam is two days away and you've only done 165 questions out of an almost 1,200 question test bank….

It's been a long day.

Only 300+ to go…! :-/

[pia ach]

Thanks @cpahopeful1 i finally got a hang of the basis for scorp and corp…but partnership still drives me crazy! I postponed my exam to dec 1st week, so got few more days to just drill on my weak topics..which i think is everything besides ethics,

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[jeff]

Post by Another71.

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

[Anonymous]

Wait, you could postpone the exam to December now? I thought they weren't going to allow any tests for December?

Thanks for this and I just postponed my test for the 5th. I definitely need more time and am glad you brought this up.

[Anonymous]

Pate Corp. is offering $3 million of its securities solely to accredited investors pursuant to Regulation D of the Securities Act of 1933. Under Regulation D, Pate is

Not required to provide any specified information to the accredited investors.

Required to provide the accredited investors with audited financial statements for the two most recent fiscal years.

Permitted to make a general solicitation.

Not permitted to make a general solicitation.

This answer is incorrect. General solicitation is allowed under Rule 506 of Regulation D.

Wait, shouldn't this be Rule 505 and not 506?

[SullivanNJD]

i thought general solicitation was permitted for all Regulation D

FAR- 87
REG- 81
AUD- 88
BEC-

Who's Better Than Us? nobody

[Author]

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