REG update – 2013 Sec. 179 deduction??

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  • October 1, 2013 at 1:28 pm #180860
    ScottBM07
    Member

    for the REG exam, is the new Sec. 179 deduction now 500,000? (rather than 2012’s 125,000)

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  • October 1, 2013 at 1:34 pm #455602
    jeff
    Keymaster

    Yes

    You should also grab this free REG chapter that has some updates as well: https://www.another71.com/cpa-exam-study-plan/

    October 1, 2013 at 1:34 pm #455744
    jeff
    Keymaster

    Yes

    You should also grab this free REG chapter that has some updates as well: https://www.another71.com/cpa-exam-study-plan/

    October 1, 2013 at 1:34 pm #455604
    UCMCPA
    Member

    Yes. https://www.section179.org/

    They also retroactively raised 2012 to 500,000. I wonder if the tests will show that or not?

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

    October 1, 2013 at 1:34 pm #455746
    UCMCPA
    Member

    Yes. https://www.section179.org/

    They also retroactively raised 2012 to 500,000. I wonder if the tests will show that or not?

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

    October 1, 2013 at 1:40 pm #455606
    jeff
    Keymaster

    If you went off of that site – you would have had it wrong for the first half of 2013 exams. Some review courses had it wrong as well.

    October 1, 2013 at 1:40 pm #455748
    jeff
    Keymaster

    If you went off of that site – you would have had it wrong for the first half of 2013 exams. Some review courses had it wrong as well.

    October 1, 2013 at 2:20 pm #455608
    ScottBM07
    Member

    Any advice on the other big ones we should be aware of? After reviewing, the ones that seemed worth remembering were the new 10% medical expense deduction for people under 65, this Section 179 new amount, and the IRA amount raising from 5K to 5.5K.

    Obviously I want to be aware of the changes that may show up on the exam, but don't want to spend too much time worrying about ALL of them with only a week left to study.

    October 1, 2013 at 2:20 pm #455750
    ScottBM07
    Member

    Any advice on the other big ones we should be aware of? After reviewing, the ones that seemed worth remembering were the new 10% medical expense deduction for people under 65, this Section 179 new amount, and the IRA amount raising from 5K to 5.5K.

    Obviously I want to be aware of the changes that may show up on the exam, but don't want to spend too much time worrying about ALL of them with only a week left to study.

    October 1, 2013 at 2:26 pm #455610
    jeff
    Keymaster

    There were some changes to gift/estates…Section 506 of Reg D…some others.

    ninja notes reflect the updates if you have them.

    https://www.another71.com/products-page/ninja-cpa-review-study-guides/

    October 1, 2013 at 2:26 pm #455752
    jeff
    Keymaster

    There were some changes to gift/estates…Section 506 of Reg D…some others.

    ninja notes reflect the updates if you have them.

    https://www.another71.com/products-page/ninja-cpa-review-study-guides/

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