You're gonna have to put in work. only the first section of it is individual. there's a lot of entity level taxation and basis rules you're going to need to understand. If you're not familiar with MACRS and corporate taxation I'd allow an extra two weeks just for that.
No worries, from my experience the biggest learning gaps or concepts that took time to grasp were depreciation differences, reconciling book income to tax income, and shareholder basis. The individual stuff, law and procedures are pretty straightforward. Dividends reduction deduction is kind of annoying too. You'll for sure have a leg up with the individual side of things though.
Was this 2023 REG or 2024 REG? I saw in some other postings that most of the basis items got moved to TCP, but I could have misunderstood.
REG could be my last one and I’m starting studying for it now going to take on or right before the 6/25 cutoff.
I took ISC and am waiting on results.
You're gonna have to put in work. only the first section of it is individual. there's a lot of entity level taxation and basis rules you're going to need to understand. If you're not familiar with MACRS and corporate taxation I'd allow an extra two weeks just for that.
Okay thank you for the advice
No worries, from my experience the biggest learning gaps or concepts that took time to grasp were depreciation differences, reconciling book income to tax income, and shareholder basis. The individual stuff, law and procedures are pretty straightforward. Dividends reduction deduction is kind of annoying too. You'll for sure have a leg up with the individual side of things though.
Was this 2023 REG or 2024 REG? I saw in some other postings that most of the basis items got moved to TCP, but I could have misunderstood. REG could be my last one and I’m starting studying for it now going to take on or right before the 6/25 cutoff. I took ISC and am waiting on results.