[Focused Tele]

Hello everyone! Quick summary of my educational history- I completed a dual undergraduate degree in Economics and Finance, an MBA with a concentration in Finance, and completed the required accounting courses (at the graduate level as part of an MSA program) to sit for the CPA exam and seek licensure in Indiana. Unfortunately, I never took corporation taxation and partnerships’ taxation courses as they aren’t required courses to sit for the exam in Indiana and I didn’t wish to continue spending on college credits if I didn’t need to. Fast forward nine months later- I am currently studying for REG and am really struggling with Becker Regulation sections R3 and R4. At this point, I am simply trying to look past the mistake I made by not taking a corporate taxation course while still in the MSA program, and am trying to find ways to gain good exposure or foundational knowledge/understanding of corporation and partnership taxation OR at least tools to help me pass the exam. Have any of you ever been in the same predicament, similar predicament, or know anyone who has been in the same predicament? Do you recommend any supplementary tools or studying materials? I have been studying for about two months now but am still really struggling with the corporate taxation concepts. I am not feeling optimistic or confident about the exam that I will be taking in two weeks but am simply trying to stay focused on moving forward and studying for the next section or REG once again should I fail. Any information and/or advice will be greatly appreciated! Thanks!

[Duskfall]

Good post. I am also struggling hard with REG. I am Canadian, so American tax is similar in structure, but obviously has different titles, rates, exemptions, phaseouts and such. I wish I took an American tax course before attempting this for sure LOL

FAR - 07/07/2016 - 81
BEC - 08/23/2016
AUD - 10/05/2016
REG - 11/23/2016

[ultrarunner]

Hi Focused Tele, I understand your frustration. I am a philosophy major. I took all my accounting classes from a CC to sit in for the exams. I took basic income tax classes but absolutely had no idea when I started studying REG. I struggled too. REG or any other CPA exams are all about determination. It depends on how much you study or want to be a CPA. I used Roger Review and Ninja MCQs. As long as you study your review and follow study plan, you should be okay. Currently, I am studying advanced tax and still have no idea what taxation is. Tax accounting is hard. Good luck!

FAR 72,67,79 (Roger+Wiley test bank)11/15
AUD 80 (Roger)10/15
BEC 80 (Roger)4/16
REG 63,78 (Roger+Ninja MCQs)5/16

[Chelsea26]

ultrarunner is spot on. REG is absolutely brutal and requires lots of determination and discipline it seems. International candidates like me who barely know anything about U.S Taxation understand your struggle. Heck I come from a country where there are no taxes at all lol

BEC - July 2016 → 78
AUD - Sep 2016
REG - Nov 2016
FAR - Feb 2017

[Author]

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