2015 Tax Law

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  • June 12, 2015 at 6:37 am #194747
    Anonymous
    Inactive

    Hi All, I’m kinda confused. I’m take Reg next month and I have the Wiley/Cpa excel 2015 study guide. When I take the test next month, will they test on 2015 tax law or will it be 2014 tax law? Am I gonna have to buy the july 2015 version?

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  • June 12, 2015 at 10:13 am #671980
    xdesix
    Participant

    You'll be tested on 2015 tax law. You don't have to buy new materials if you have the January – May 2015 version, they are not drastic updates. Mostly just a few important numbers that you can get if you have CPA excel… they should give you updates if you have the actual program. Or you can get ninja notes, they update you on everything as well. I'm sure if you even look around on the internet, they'll even show you what numbers have been updated that might be important. Honestly not enough to buy a whole different book for it.

    AUD: Passed
    BEC: Passed
    REG: Studying

    June 12, 2015 at 2:20 pm #671981
    WaivingMyHands_ALOT
    Participant

    I had a similar issue when I took the exam. Started studying for REG May/Jun and took exam in July. As a result I ended up studying PY material and didn't realize until a week or two before the exam that I would be tested on new material. But it doesn't make much of a difference. They rarely test you on numbers (i.e., 2015 personal exemption/standard deduction, 179 phase out, etc.). It's more on concepts.

    So I wouldn't stress about buying a whole new book

    AUD 99
    BEC 96
    FAR 94
    REG 96

    June 12, 2015 at 2:50 pm #671982
    jeff
    Keymaster

    Easy Button:

    Estate Tax exemption: $5,430,000

    179: $25,000/$200,000

    Kiddie Tax exemption: $1,050

    Those are the major changes (179 isn't a change, though)

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    June 13, 2015 at 12:33 am #671983
    Anonymous
    Inactive

    Thanks everyone!

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