Joined: 06 Feb 2011
Online Status: Offline Posts: 57
Posted: 08 Jun 2012 at 09:52 | IP Logged
Just wanted to give a final THANK YOU to everyone at Yaeger. I just found out I passed REG with an 80!! I passed all 4 exams on my first attempt with Yaeger!!
Joined: 01 Oct 2003
Online Status: Offline Posts: 2572
Posted: 08 Jun 2012 at 14:18 | IP Logged
CPA#1 wrote:
BF_CPA wrote:
@CPA#1,I have followed your progress
with REG. I really believe you have it this time. From
your experience with REG, what would you consider to be
the most important advice you could give to someone for
their first attempt at this beast?
Based on my experience, here are some tips that I feel
will help you tackle this beast…
1) Don’t leave any stone unturned. It’s
a lot of material, but try to know as much as possible.
Don’t ignore anything because the material is lightly
covered in your book. Obviously, don’t go overboard by
trying to memorize the tax brackets and standard
deductions. Your book and review course should pinpoint
what you should and shouldn’t know for the exam.
2)
Practice LOTS of MCQs. I can’t stress this enough. There
are so many different ways they can ask a question and
there are so many ways they can try to trick you. So,
it’s very important to get lots of practice at this.
3) Do lots of practice Simulations as well. Do not ignore
this area because it’s 40% of your score. Do as many Sims
as you can from the Wiley book and software. I highly
recommend doing the tax return problems so you get the
idea of where you report certain items and what amount
you should report. They probably won’t ask you to fill
out a tax return on the exam, but they may ask you
questions like… what amount will you report on Schedule
C? If you practiced with those tax return problems in the
Wiley book, you should be able to answer that. So, that’s
why I highly recommend that you do those tax return
problems.4) The most important thing…. Understand the
concepts!! Regulation has so many rules and exceptions
that it makes it very easy to just memorize these rather
than understanding the big picture. Try to understand why
they have these rules and exceptions. If you just
memorize them without understanding the why behind it,
you will overload your brain because the memorization
process will be that much harder since you’re only
memorizing instead of trying to make sense out of
everything. This is the main reason why I failed before,
so I can’t stress enough how important it is to
understand the concept. It’s going to be very hard to
resist the temptation to memorize, but fight real hard
and spend time asking yourself, why is that so?
Great tips! I'll try to fix the formatting of your post,
I see what's going on.
thanks for sharing!!
Joined: 06 Feb 2011
Online Status: Offline Posts: 57
Posted: 08 Jun 2012 at 14:25 | IP Logged
I am sorry CPA#1, I was so excited when I found out I passed this morning I forgot to thank you for your great advice. I did follow your advice and about a week before my exam I was back on here reading everything you said again. Thank you for the time you took to provide such valuable information.
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Topic: Thank You Yaeger
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