[nshah1824]

Hi everyone,

For anyone who has taken the REG exam, is it required to memorize the phase outs? I am just starting to study for my first test and noticed there are A LOT of phase out amounts just for individual taxation alone so far. My review course said its not required. Will they be given on the exam? Also, any tips for studying for REG?

[patmac3517]

I wouldn't worry about phaseouts.

AUD - Passed
REG - Passed
BEC - Passed
FAR - TBD

[x260bm]

I don’t believe you have to remember any numbers that change each year such as the phase out amounts.

[r00shine]

Most of the specific tax limits will not be tested. It is much better to study more general rules such as what is or isn't an adjustment or deduction. There are only certain numerical rules that are important to remember such as $3000 capital loss against ordinary income.

AUD - 83
BEC - 80
FAR - 77
REG - 81

Oh Hi There

[COVER U CPA]

I agree with the other posters. Phase out amounts are not necessary; however you should some of the more general rules and amounts (know the % for Medical, charity, etc)

AUD - 80
BEC - 81
FAR - 78
REG - 78

On my wayyyyyyyyyy to becoming a CPAAAAAAAAAA

 

BEC - 81

FAR - 73, 78

AUD -  80

REG -  78 - I AM DONE!!!!

[Sheila]

I have the same question! I'm using Gleim and it is testing the credit amounts that are subject to phaseouts. I am so stressed coz how can I possibly memorize all those numbers?

[Author]

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