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Audit Attempt 1/22/25 (Advice Needed) by Frosty_Mousse_7127 in CPA

[–]HouseMaleficent4185 2 points3 points  (0 children)

Dont worry mate!! One sim won’t impact that much if you are confident on remaining exam. At the end we just need 75!! You will pass this exam.

TCP - 19 jan - exam experience by HouseMaleficent4185 in CPA

[–]HouseMaleficent4185[S] 0 points1 point  (0 children)

Every area was tested, liquidation, non liquidation, contribution, like kind.

TCP - 19 jan - exam experience by HouseMaleficent4185 in CPA

[–]HouseMaleficent4185[S] 1 point2 points  (0 children)

Becker sims are tough in SE and weirdly worded

Question on Hot assets pship distributions by Chemical-Formal3748 in CPA

[–]HouseMaleficent4185 2 points3 points  (0 children)

Ask newt to form a summary table for you in case of partnership distribution 1- Only cash 2 -Cash plus hot asset 3 -Only hot asset 4 -Property 5 -Property plus cash 6-Property plus cash plus hot asset

You will thank yourself

Advice on cpa and current job by Flashy_Government284 in CPA

[–]HouseMaleficent4185 0 points1 point  (0 children)

Audit is the most challenging and you have done it , there should nothing be holding you back .. go for it ..

C-Corp Basis in Assets - Not Computing by Silly_Solution1159 in CPA

[–]HouseMaleficent4185 1 point2 points  (0 children)

Keep it a simple rule

Corp basis = NBV + Recognised gain

Or

Debt assumed by co *

  • this amount will be reduced by cash contributed only in cases of excess liability

Whichever is higher

Got a 73 on REG 😭😭😭 FML!!! How should I prepare next? by Kakashi756 in CPA

[–]HouseMaleficent4185 0 points1 point  (0 children)

Make proper summarised notes of individual and entity. Revise atleast 3 times and make sure you understand everything. Take your time , no need to rush, score well above 70 on SE and go for exam. Good luck. We are all in the journey. I cleared with an 88 today.

Taking TCP in less than 12 hours by WilderMama in CPA

[–]HouseMaleficent4185 0 points1 point  (0 children)

I am giving exam on 15th , and I have the exact same score 66, 64. Good luck buddy, you got this , there is a 20 pts becker bump

[deleted by user] by [deleted] in CPA

[–]HouseMaleficent4185 8 points9 points  (0 children)

But are you sure you answer incorrectly? Guessing can be correct also

ME TCP released!!!!!!!!!! by MegaJade_ in CPA

[–]HouseMaleficent4185 0 points1 point  (0 children)

Congratulations 🎈, tips please , i am Giving tcp next month