Question about the phaseouts/thresholds on REG?

CPA Exam Review CPA Exam Forum REG REG Review Question about the phaseouts/thresholds on REG?

This topic contains 6 replies, has 6 voices, and was last updated by  YouTooShallPass 6 days, 5 hours ago.

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  • #2102232
    SuperAccountingGod
    SuperAccountingGod
    Participant

    I've heard from several of my co-workers (and few posts on here) that the phaseouts/thresholds for like AMT and other ones are given on the exam. Is this true? Because I have not been seeing those “given” on the Ninja MCQ and seem to require me to memorize/know them all.

    AUD - NINJA in training

    BEC - NINJA IN TRAINING

    FAR - 74

    REG - NINJA IN TRAINING

    #2102484

    QuoVadimus
    Participant

    Yeah, i sat REG on 11/29/18 and i was surprised that they gave some phaseouts/limits that i had learned- e.g. they said “assume gift tax exception is $12k” when we know its $14k for 2017 and $15k for 2018 so I assume they're doing this due to the confusion over the changes in whats being examined for gift tax exception, AMT etc..

    #2102589
    SuperAccountingGod
    SuperAccountingGod
    Participant

    That's reassuring. ‘Cause there's only so much you can memorize/remember and I sure as hell don't remember every single threshold/phaseout amount. Just wish the Ninja MCQ would have those too.

    AUD - NINJA in training

    BEC - NINJA IN TRAINING

    FAR - 74

    REG - NINJA IN TRAINING

    #2102700

    CH89
    Participant

    I am pretty sure the Ninja MCQ are based on the tax information for 2017, hence why they probably do not include the information you want. I don't recall having to deal with any phase out/thresholds when I sat for REG last week. Best of luck to you!

    #2103279

    Mae
    Participant

    I took REG in August. They provided the phaseouts for every question. The issue was picking the right one and the % of reduction associated to the phase out. So remember that part $2 for each $1 or the like.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 91
    I'm actually doing this....but after years of procrastination...I've got this~

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    #2103303
    Recked
    Recked
    Participant

    They are mostly trying to test your application of the tax law, not so much the memorization of the amounts etc.
    It also helps them to not have to redo every single question every year if they just state the amounts in the question for you to apply properly.

    Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

    FAR-93 11/9/17 (10wks, 250 hrs, Roger 1800+ MCQs, Gleim TB 600+MCQs, SIMs)
    AUD-88 12/7/17 (3 wks, 85 hrs, Roger 1000 MCQs no SIMs hail mary)
    REG-96 1/18/18 (6 wks, 110 hrs, 1400 MCQs, no SIMs)
    BEC-91 2/16/18 (4wks, 90 hrs, 1240 MCQs)

    #2104002

    YouTooShallPass
    Participant

    I literally came on here to ask this same question. Does the same go for AGI limitations? such as for IRA deductions and what not, not sure if I should spend time memorizing these

    AUD - 89
    BEC - 89
    FAR - NINJA in Training
    REG - NINJA in Training
    The end is near
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