[thisismyname]

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.

[monikernc]

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.

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

[thisismyname]

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…

[monikernc]

That’s a mistake – so sorry.

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

[Author]

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