Saturday, January 9, 2010

Easy Homework!

97 days remaining
Mood – Good
Study Time – 5.0 hours (148.0 total - REG: 59.5 - AUD: 89.5)
Scores:  AUD-94, 

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.  

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