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Ok so I’ve seen mixed responses about all the numbers/amounts that appear in REG. Becker has hinted that we really don’t need to know every single phaseout amount, but just to know the general idea regarding phaseouts. However, it does seem like we will have to know other numbers, such as exemption amounts and allowed deductions, etc.
Basically, I’m not sure how to study this.. is it safe to say know all numbers, except phaseouts? Or is that still overdoing it? Or should I know my phaseouts, too?
Also, if I’m taking the exam in November, do I need to know 2012 numbers or 2013? I’ve heard people say don’t worry about it.. but I know someone who took the test with an old book and says that the reason they didn’t pass…
FAR 7/3/13 - 82
BEC 8/21/13 - 82
AUD 10/2/13 - 92
REG 12/3/13 - 88DONE!!!! CA Candidate
Beat the 12/31/13 clock!
- The topic ‘REG – Max Deductions, Phaseouts, and Other Tax Numbers’ is closed to new replies.