[JessicaG]

Hello All –

My REG test is Feb. 27…joy.

But how badly is AMT (Corporate and Individual) on the test? I know we can’t divulge what’s on the test, but some helpful (confidence boosting) comments would be appreciated.

Obviously, corporation/individual/partnership taxes are heavily tested, and I’m trying to understand AMT then AMTI and pre-ACE and ACE adjustments. I’ve rewritten the formula several times and what exactly the adjustment/preferences are but it never seems to click. I’m not sure how everyone else is working on it, but any helpful hints/comments/mnemonics would be great! I get the other concepts (for the most part), but AMT, AMTI, and pre-ACE just doesn’t work for me. I’m worried it is going to be a huge part of the SIMS (which suck already..ugh!), so I’d like to some basic concept on how folks get to each of the AMT, AMTI, pre-ACE, and ACE answers…

I’ve done all the questions on Becker and Wiley and I think I’ve just memorized the answers so I get them right, but I don’t have a good concept of what it actually is or how to get there.

Dazed and Confused,

Jessi G

FAR - 70, 80!!!!!
AUD - 67, 90!!!!
REG - 88!!!
BEC - 77!!!! DONE DONE DONE DONE!!

MS License #6381 YAYAYAY!!!! (

[gt5717b]

nm, already covered above. Nothing to see here. 🙂

REG - 89
FAR - 84
AUD - 73, 86
BEC - 89

GA Licensed CPA

[san4596]

Jessica – I just realized we are taking REG on the same day! However, I still have some questions to go through before starting a review. View Jeff's Blitz videos before the free access closes. He covers AMT in both the Individual and Corporate Taxation topics.

Also, make sure to know property transactions, especially Like-Kind-Exchange. Know when to use FMV or Basis, DRD deduction to cause loss based on dividend amount, but based on Taxable Income if creates a gain.

CPA EXAM: DONE!!!!
Ethics Course: Passed
Application Mailed: 3/16/15
Professional Conduct Exam: 97
Certification Date: 4/2/15!!!

[san4596]

Jessica – I just realized we are taking REG on the same day! However, I still have some questions to go through before starting a review. View Jeff's Blitz videos before the free access closes. He covers AMT in both the Individual and Corporate Taxation topics.

Also, make sure to know property transactions, especially Like-Kind-Exchange. Know when to use FMV or Basis, DRD deduction to cause loss based on dividend amount, but based on Taxable Income if creates a gain.

CPA EXAM: DONE!!!!
Ethics Course: Passed
Application Mailed: 3/16/15
Professional Conduct Exam: 97
Certification Date: 4/2/15!!!

[smeech8000]

Be aware of what the adjustment items are to reconcile taxable income to AMTI, and be able to actually do so given TI and a list of potential adjustment items.

B 92
A 99
R 90
F 92

Becker Self-Study

OH CPA since 2/18/14

[smeech8000]

Be aware of what the adjustment items are to reconcile taxable income to AMTI, and be able to actually do so given TI and a list of potential adjustment items.

B 92
A 99
R 90
F 92

Becker Self-Study

OH CPA since 2/18/14

[samdiegoCPA]

I was familiar with AMT and had extremely minimal testing on it. But that was only my experience and like everything else, I recommend knowing how to calculate it at least, but in depth knowledge wasn't required for me.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[samdiegoCPA]

I was familiar with AMT and had extremely minimal testing on it. But that was only my experience and like everything else, I recommend knowing how to calculate it at least, but in depth knowledge wasn't required for me.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[JessicaG]

Thanks Everyone!! (and feel free to continue to post! all are helpful..)

I've been listening to NINJA audio in the car for the past month (no offense Jeff, but I'm sick of your voice) I haven't been re-writing my NINJA notes yet, but I've been doing TONS of MCQ's and re-writing those notes. I think I may just re-write some of the NINJA notes on Ind/Corp AMT. I’m basically sure it will be a SIM…it’s just such a confusing part and seems to cover so much. Kind of like Journal entries…those suckers were all over the FAR and AUD tests for me. Blah!

And yes, if I hate the subject it’s ALWAYS on the test (or if I slack and don't study it)! So I do (try) to study as if my worst subject will be on the test, especially in a SIM.

@ San4596 – Go us!! Hopefully that’s a great day for a PASS!

FAR - 70, 80!!!!!
AUD - 67, 90!!!!
REG - 88!!!
BEC - 77!!!! DONE DONE DONE DONE!!

MS License #6381 YAYAYAY!!!! (

[JessicaG]

Thanks Everyone!! (and feel free to continue to post! all are helpful..)

I've been listening to NINJA audio in the car for the past month (no offense Jeff, but I'm sick of your voice) I haven't been re-writing my NINJA notes yet, but I've been doing TONS of MCQ's and re-writing those notes. I think I may just re-write some of the NINJA notes on Ind/Corp AMT. I’m basically sure it will be a SIM…it’s just such a confusing part and seems to cover so much. Kind of like Journal entries…those suckers were all over the FAR and AUD tests for me. Blah!

And yes, if I hate the subject it’s ALWAYS on the test (or if I slack and don't study it)! So I do (try) to study as if my worst subject will be on the test, especially in a SIM.

@ San4596 – Go us!! Hopefully that’s a great day for a PASS!

FAR - 70, 80!!!!!
AUD - 67, 90!!!!
REG - 88!!!
BEC - 77!!!! DONE DONE DONE DONE!!

MS License #6381 YAYAYAY!!!! (

[CPA soon]

From my experience AMT is very minimal on the exam. I know that it seems like this heavy tested topic in the study material but my experience says otherwise. I barely saw AMT on the exam which made me feel like it was a waste of time sweating it. Then again every version is different.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

From my experience AMT is very minimal on the exam. I know that it seems like this heavy tested topic in the study material but my experience says otherwise. I barely saw AMT on the exam which made me feel like it was a waste of time sweating it. Then again every version is different.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[megasaurus]

Thank you for this post!

[megasaurus]

Thank you for this post!

[Author]

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