[iceman]

1 -how does one remember all the different phase outs? – there’s a married and a single phase out for Child tax credit, HOPE tax credits, IRA deduction, etc etc. I know taxes functionally, but there are so many random amounts to remember. Please tell me this isn’t a significant part of the exam.
2- business law – I’ve done the NINJA notes and various MCQs, and I took an MBA course over a decade ago, but I haven’t taken the Wiley B Law course like I did for Tax 1 and Tax II. Things like Perfection, attachment, filing, and buyer in the course of business still make no sense after reading the material

Can I pass REG by knowing tax and winging it on the BLAW?

[chandler]

1- You'll be glad to know that phaseouts are given in the question.
2- Per the blueprints, REG is 10-20% of the exam. So it depends on which end of the range you are in, how good you are at guessing, and how strong your tax knowledge is.
Looking at your AUD and FAR scores, I'm tempted to say you will do well.

[iceman]

Thanks – hopefully I did. Based on the first 2 testlets, I think I did well enough on the 1st that they gave me the difficult 2nd testlet. Hope that's a good sign, though there were lots of questions I didn't know on the 2nd.

Then sometime during the Sims, I realized I could access the authoritative literature during any question – that helped me get a Cap Loss question right.

[Author]

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