Does the exam ever use a year other than the current/previous year?

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    Topic
  • #202376
    startupcfo
    Participant

    I fell upon IRC 179 which shows tricky up and down of 179 limits

    For example, the limit is 250K for a few years, then 500K until the year 2015, then back down to 25K for current years.

    For the purposes of the actual exam (not the NINJA material which might be outdated sometimes), is it a safe assumption that they will only test on the current law and not old law to avoid confusion?

    BEC - 87 | 02/28
    REG - 70 | 06/10, REMATCH | 08/30
    AUD - XX | 09/10
    FAR - XX | 12/10

Viewing 3 replies - 1 through 3 (of 3 total)
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  • #779353
    Missy
    Participant

    In q1 and q2 the previous tax year is tested. In q3 and q4 the current tax year is.

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #779354
    startupcfo
    Participant

    Thanks for your help!

    Has Jeff thought about installing a rep/vote system?

    BEC - 87 | 02/28
    REG - 70 | 06/10, REMATCH | 08/30
    AUD - XX | 09/10
    FAR - XX | 12/10

    #779355
    startupcfo
    Participant

    ..del

    BEC - 87 | 02/28
    REG - 70 | 06/10, REMATCH | 08/30
    AUD - XX | 09/10
    FAR - XX | 12/10

Viewing 3 replies - 1 through 3 (of 3 total)
  • The topic ‘Does the exam ever use a year other than the current/previous year?’ is closed to new replies.