[Abcd6789]

I just had a Corporate Tax Exam yesterday (Not REG yet!) and I couldn’t fully wrap my head around these concepts. I definitely passed the Exam (70 to 80 percent) but some of these concepts were just random and strange. If I would have worked on the homework over and over again I would have done better because many problems were computational. However, I memorized the book, which didnt help much with computations. Anyone else struggle a little with these concepts? Thanks!

Also, next time I will work on the homework problems over and over because it will better prepare me!

[Spartans92]

What a coincidence srowe! I just covered those yesterday in my corporate tax class as well. It definitely is a good thing to see these concepts first because we get more practice and exposure to it. I find it very complicated to wrap my head around as well. But at least it will help on REG. It is all about rules 90% of this number and then 75 and 25.. I was so lost when the professor was explaining. All I can recall is you compare the AMT to the regular tax and basically to see if you are paying enough based on your status or something.

BEC- PASS

[Abcd6789]

@Spartans92

Glad I have another friend on board! Lol. You are right about us being exposed to these topics in school – before the CPA Exam. Hopefully the CPA Review Course does a better job explaining these concepts and how to remember/calculate them. For example, neumonics and other memory aides should make it easier. Like I said, if I would have completed my homework over and over again I would have done better in the exam. But, these topics were somewhat confusing to me – as they were with the rest of my classmates.

Goodluck with your studies and keep grinding away!

[Abcd6789]

Anyone else dislike these topics in school or on REG? Were they heavily tested? Just curious

[Spartans92]

Thanks! same to you.

BEC- PASS

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