[jeff]

Welcome to the Q4 2016 CPA Exam Study Group for REG.

If this is your first post in the study group – please post your target exam date (just the time frame to preserve your anonymity), and your past history with this exam (optional, of course).

[mckan514w]

popping in to say I'm sorry @dtatham10- 🙁 this whole process just sucks a@@… hang in there (and that goes for everyone else who failed)– alright headed back over to FAR group praying third time will be the charm… man today sucks.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[aatoural]

@mkan – Hi mckan nice seeing you. Yup 4th quarter has not been generous. Good luck to you too with FAR

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[mckan514w]

Hi aa!!! nice seeing you too- q4 seems down right bleak from where I am sitting… sigh. here's hoping for a better Q1 so we don't all become guinea pigs for the new one.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[demarcon]

@dtatham10 at risk rules apply to s-corps too

[HoosierCPA]

@mckan! yeah it feels like most my study partners didn't pass this quarter :(. Good luck with FAR, it's a beast! REG is tricky whereas FAR is just piles of material–I am going to make a bold statement and say we all pass first quarter! You heard it here first!

@re2pect please ignore that part. It relates to something but at the moment I don't know well enough to elaborate. It doesn't relate to life insurance proceeds. And you wonder why I don't help out much on these study groups..i feel like i do more harm then good lol!

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[jack yassa]

I didn't pass. Weaker on the TBS.
Now i will retake it on Jan or Feb max. Any suggestions what TBS is good for ? is Becker enough ? this will be my first time to study TBS from Becker?

[HoosierCPA]

@demarcon so lets say a gleim sim asks me the at risk limit on a scenario that does not relate to an S-Corp or Partnership…do you say they are at risk for the entire loss (since there is no technical at risk rule applicable) or do you put zero? Those are the type of sims that confuse me…the ones where you are like, wait a minute at risk rules don't even apply for this scenario…hmmm….

Also, limited partners…I assume they have at risk rules as well?

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[RE2PECT]

@dtatham10- What study unit is that sim from? I'm struggling just to get 60's on the ones that I did.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[demarcon]

At risk rules for C-corps and stuff basically just means what you have invested in the stock. Limited liability in general is you are only at risk for what your basis is. Partnerships you're at risk for EVERYTHING.

[HoosierCPA]

Alright @demarcon I'll have to look into that a little closer because you have my lost. @re2pect it was a hypothetical. I've seen a lot of different at risks questions from past–can't remember exactly where, random concepts pop in my head and I ask questions lol.

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[demarcon]

At risk basically means what can you lose. In a limited liability situation you are only at risk for your investment in the company. If the company closes down they can't come after you personally for the money.

[Namstut]

Popping in to say hi to the “oldies”. I have no idea how to get back into it. How do you pull yourself out of the rut after failing and how do you start studying again? I have been staring at the screen for over an hour now and I don't know where to begin!

I was hoping to take FAR right at the end of the testing window in March, I am afraid this is not happening. Would 8 weeks be enough for FAR (late night and weekend study only)? That's assuming that I will be ready to retake on 1/5/17. I am hoping that 2 weeks would be enough to do a complete review for REG.

Blah…

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD

[539Mayor]

If a CPA prepares a return for free. Is he considered a tax return preparer? B/c I thought you are a preparer only if you get paid$$$$? Any thoughts

[keyssha]

Hi, Reg is my last part . I took it in November 14 and failed with a 70%. I was weak in the simulations. I am taking the exam again January 9. I work for a Big 4 so I don’t have a lot of time. I’m making 100 multiple choices per day aprox. I have seen all the video, read all the material and I’m still getting 60% to 70% in the MCs. I don’t know what more to do. English is my second language, but I don’t think thats the problem. I’m frustrated and stressed. Please help!!!!

[Teal]

I'm back in here all. I am taking it in Q1, but here until the new one is posted. I just passed FAR, so am feeling a bit better about how long this journey has taken me! Talk to you all soon 🙂

FAR (66,68) Aug 26
REG (66) July 25
AUD (66) December 1st
BEC - October 3rd

[Author]

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