10 percent or 7.5 percent - Page 2

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    Topic
  • September 11, 2013 at 3:21 pm #180405
    Anonymous
    Inactive

    What is the AGI limit for medical expense deduction from now on-wards? Anyone know?

    Thank you,

    Sincerely, Alexander Dernfel III.

Viewing 15 replies - 16 through 30 (of 30 total)
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  • September 14, 2013 at 12:45 am #455487
    Anonymous
    Inactive

    iwantmylifeback_ what do you mean?

    September 14, 2013 at 12:54 am #455350
    iwantmylifeback_
    Member

    Not important. Just make sure and know the limitations. Everything is fair game.

    BEC 85
    AUD 99
    REG 88
    FAR 93

    September 14, 2013 at 12:54 am #455489
    iwantmylifeback_
    Member

    Not important. Just make sure and know the limitations. Everything is fair game.

    BEC 85
    AUD 99
    REG 88
    FAR 93

    September 14, 2013 at 6:17 am #455352
    Anonymous
    Inactive

    What limitations? The limitations to the AMT exemption that's phased out and triggered at 150,000?

    September 14, 2013 at 6:17 am #455491
    Anonymous
    Inactive

    What limitations? The limitations to the AMT exemption that's phased out and triggered at 150,000?

    September 14, 2013 at 6:38 am #455354
    barelystayingsane
    Member

    I think iwantmylifeback_ may have been referring to the adjustments (if you're using Becker, PANICTIME for individuals; can't remember the mnemonic for corporations) and preferences to taxable income to arrive at tentative AMTI. I would also know the AMT exemption formula for corporations. I personally wouldn't memorize the individual/MFJ/MFS exemption amounts because I see that as cruel and unusual punishment if the AICPA decided to test that. Obviously, you could be tested on anything under the sun, but here's my personal speculation/reasoning: a) there are more practical things they could/should test on, and b) the chances of enough people knowing those amounts to get the question past the pre-test level is slim to nil. If you did see a question where you were required to know the individual/MFJ/MFS amounts, my guess is it would probably be a pre-test question.

    September 14, 2013 at 6:38 am #455493
    barelystayingsane
    Member

    I think iwantmylifeback_ may have been referring to the adjustments (if you're using Becker, PANICTIME for individuals; can't remember the mnemonic for corporations) and preferences to taxable income to arrive at tentative AMTI. I would also know the AMT exemption formula for corporations. I personally wouldn't memorize the individual/MFJ/MFS exemption amounts because I see that as cruel and unusual punishment if the AICPA decided to test that. Obviously, you could be tested on anything under the sun, but here's my personal speculation/reasoning: a) there are more practical things they could/should test on, and b) the chances of enough people knowing those amounts to get the question past the pre-test level is slim to nil. If you did see a question where you were required to know the individual/MFJ/MFS amounts, my guess is it would probably be a pre-test question.

    September 29, 2013 at 4:14 pm #455356
    Anonymous
    Inactive

    Thanks barelystayingsane!

    September 29, 2013 at 4:14 pm #455495
    Anonymous
    Inactive

    Thanks barelystayingsane!

    September 30, 2013 at 5:03 pm #455358
    Anonymous
    Inactive

    When does this kick in? I have an exam soon…

    September 30, 2013 at 5:03 pm #455497
    Anonymous
    Inactive

    When does this kick in? I have an exam soon…

    September 30, 2013 at 5:40 pm #455359
    UCMCPA
    Member

    I thought I read that they are testing over the new 2013 changes in REG. I don't know if they test over 2012 items anymore. Either way, I have REG in 2 weeks.

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

    September 30, 2013 at 5:40 pm #455499
    UCMCPA
    Member

    I thought I read that they are testing over the new 2013 changes in REG. I don't know if they test over 2012 items anymore. Either way, I have REG in 2 weeks.

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

    September 30, 2013 at 5:43 pm #455361
    barelystayingsane
    Member

    This kicked in back on July 1. 2012 is no longer tested.

    September 30, 2013 at 5:43 pm #455501
    barelystayingsane
    Member

    This kicked in back on July 1. 2012 is no longer tested.

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