Posted: 25 Jun 2011 at 23:08 | IP Logged
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For me, REG was harder than FAR and certainly harder than BEC. I think that is in part due to the fact that I don't have any experience in taxation.
I think once you get over individual taxation, which I think is one-third of the total lecture hours....everything else goes much faster. From my experience, I wouldn't focus too much on memorizing everything. I think the key with passing REG is understanding the concepts. Basis is heavliy tested as is Corp and partnership taxes....Phil is right on those points.
One thing that I felt was also heavily tested was professional responsibilities......circular 230. You really need to review tax practioner requirements. Here, I really felt Yeager was a little lite...not knocking them but just felt this area in the Wiley book doesn't teach much.
I think my score doesn't really reflect how hard I studied. I think I did pretty well on the multiple choice, but I really bombed the TBS's. Some were quite difficult and yes know AMT.
Lastly, don't overlook the small stuff, seems much of the things I tended to glance over........was tested (cannot go into details here) but the small little things one would tend to overlook.
Good Luck............go slow, chip away, try to absorb a little at a time and you will pass.
__________________ FAR 07/19/2010 75
BEC 11/19/2010 76
REG 04/16/2011 75
AUD 07/11/2011 72
AUD 10/27/2011 86!!!
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