[leslie4real]

Just going through my final 2 weeks before the exam and would be grateful if anyone could help with this (including Jeff of course!)

First of all, if something expired in 2013 such as educator expenses, sale taxes, do I need to know it. I just read those once but did not study them.

Also, I supplement it with Wiley only for concepts I could not grasp well and notice some differences with Becker, some of them I choose to ignore but here are two that I am missing something, especially the first one.

1. Most annoying thing I still don’t understand. 2014 Wiley p. 513 calculate Net earning from Self Employment tax by taking a deemed deduction to begin with before calculating the tax. It does so in both examples. In no Multiple questions where this calculation applied. Am I missing something?

2. 2014 Wiley p. 511: ISO excess of stock FMV over Exercise price is an adjustment in AMT and Becker R1-49 b (4) it is a preference item in AMT

FAR: 80
AUD: 81
REG: 78
BEC: 76