REG AL Research

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    Topic
  • #2966864
    thisismyname
    Participant

    I’m going through a few practice SIMs and I was wondering how everyone searches through the IRC for percentages and threshold amounts? I never had a problem searching through AL until I hit REG. For example, I couldn’t recall what the tax rate is for net investment taxes (3.8%), so I tried searching for it but it doesn’t seem to exist in the code. I read that people have successfully searched for this info but I can’t seem to find it anywhere, any search tips would be helpful. Thanks guys.

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Viewing 3 replies - 1 through 3 (of 3 total)
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  • #2967014
    monikernc
    Participant

    The exam usually does not require that you remember rates. The IRC is the worst AL. The best I could do was remember where it starts and how it is organized and what is in each section. If I had to retest I was going to include the Section number provided in mcq answers in my notes for each topic and learn those as I go. RememberIng that tax form numbers are the IRC section numbers is a good starting point.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #2967377
    thisismyname
    Participant

    Thank you that's good to know! When you say the tax form numbers are the IRC section numbers, can you clarify? Because I tried looking for the 1040 and it's actually under Chapter 61, section 601X so I'm confused by that. I'm assuming that the IRC won't have examples of the tax forms…

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    -
    #2967479
    monikernc
    Participant

    That’s a mistake – so sorry.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

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