[Anonymous]

Hey guys,

I’m currently on R2 in Becker, and I’m already overwhelmed by all of the numbers. Can someone please provide some guidance on what exactly we need to know? Gearty said he would point out which numbers were important to know, but you know how he is about highlighting everything. I haven’t been memorizing any of the phase-out amounts, but I’ve been memorizing most of the general limits. However, I’ve come across questions in Becker where you needed to know the amount of AGI at which something was completely phased out or one question where you needed to know the additional standard deduction where each member of the couple was 65 or blind. Will the actual exam be like that?

Seems kinda pointless to try to memorize these numbers, since some of them are indexed for inflation, and a lot of the rest don’t even apply anymore with the 2013 tax changes.

Any guidance you guys could provide would be greatly appreciated!

[J]

Don't worry about the vast majority of phase out amounts and AGI or MAGI limitations; there's no way that you're going to remember all of them. There are several important ones that you might want to consider putting into memory (I'm not going to go through specifics for purposes of non-disclosure), but I think it is fair to say that 95% of limitation/phase-out amounts are not important whatsoever for purposes of REG.

[Author]

Replies