Importance of AMT?

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    Topic
  • #178491
    finne
    Member

    Hey everyone,

    Currently studying for REG using Wiley books and test bank. So far, I’m finding that a lot of the information I’m covering is the same as what I learned in my college business law and tax courses. The one thing I keep getting hung up on is the AMT. My profs kind of breezed over it in class so it’s new to me and I’m not sure how to approach it. Before I go diving into the topic and breaking out my tax textbooks, I was wondering, how important is the AMT to the REG exam? Do I need to know it cold or just know some of the details surrounding it?

    Thanks for your help! Still have 3 weeks to study…

    REG - 85
    AUD - 99
    FAR - 89 - w/ NINJA Audio and Blitz
    BEC - 91

    Using Wiley - books and test bank - 6 months - all 4 first time

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  • #424810
    Anonymous
    Inactive

    I studied using Becker. For AMT just know the different adjustments. Like med expenses only deductible after 10% of AGI, not 7.5%, etc. I wouldn't memorize every detail, but I would have read every detail. Know what I mean?

    #424811
    ganudorm
    Member

    I would put the same importance on it that you put on all other sections.

    #424812
    Anonymous
    Inactive

    It's all fair game on the exam!

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