Mood – Good
Study Time – 5.0 hours (148.0 total - REG: 59.5 - AUD: 89.5)
I'm including my 1.5 hours of study Thursday evening into today's post since I didn't post on Thursday plus my 3.5 hours this morning for the total of 5. Thursday I did really well on the REG-2 class questions and was over 90%. I did a weighted practice test with both REG-1 and REG-2 and got 89%. I feel really good about that material.
This morning (Saturday) I read the REG-3 and REG-4 book material in preparation for next week's class. I get a little fuzzy on some of the corporation stuff, so we'll see how I do tomorrow. I also did the simulations for REG-1 and REG-2. I had three misses between all parts of both simulations. One was just a miss dealing with IRAs. The second miss was missing a dependent (and hence exemption) for one child. I simply missed it in my reading of the situation tab. The third miss was a quasi-miss. The written part of one of the practice simulations asked about when a tax preparer can disclose tax payer information. I understood all three times when it is permissible. I over-read the question. Apparently when they said the court requested that is "good enough" whereas my interpretation I was looking for a "valid subpoena." I'll have to clarify with the class facilitator on how they tend to word it on the exam.
All in I'm feeling pretty good.