[kwonp702]

hey all,

im taking the reg exam in Feb 2013 and i would like to know which tax year rules, phaseouts and exemption amounts that i will need to memorize for individual taxes? im using yaeger and the 2012 wiley book. should i buy the 2013 book?

The 2012 book has rules from 2010 and its getting to be too much. do i need to know 2010-2013 for individuals and corp?

please help!!

FAR - 82
AUD - 95
BEC - 85
REG - 85

[mmcgrad1]

I'm pretty sure it's the 2012 tax laws. When I took the exam last April it was the 2011 tax laws.

NIU CPA Review Correspondence is awesome!

I passed all four sections on the first attempt

[Da Bears]

2013 will be tested starting July window

FAR- 8/14/12 91
AUD- 10/16/12 88
BEC- 11/07/12 92
REG- 01/05/13 86
NIU CPA Review

[jeffc82sm]

So will the Jan/Feb window be testing

Sec 179 expense include

previous $500k max deduction on up to $2M

or

the new $139k on up to $560k?

[huskies1026]

The January/February 2013 window will test on 2012 tax law. Thus, for Section 179 expense deductions, the maximum total expense is $139,000, and that maximum is reduced dollar-for-dollar by the amount over $560,000 of Section 179 property placed into service during the year. The 500,000/2,000,000 parameters were for tax years 2010-2011. Those tax years will not be tested in the 2013 windows.

[Author]

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