"Most commonly asked questions on AMT are when they give you taxable income before AMT and you have to add back certain items that aren't deductible for AMT purposes. The Becker homework has quite a few of these questions."
"Make sure you know personal AMT. Study the formula and make sure you know what deductions need to be added back (itemized deductions greater than 2% of AGI, medical expenses are now deducted at excess of 10% of AGI, only mortgage interest is…"
"If you take the standard deduction every year, you don't have to worry about including state tax refunds in your gross income because they can't trace it back to a specific deduction.
If you overpaid your state income taxes in the prior…"
"Adriana I got a 74 my first time too! I was so upset. I said that it happened for a reason though. They wanted me to show how really bad I wanted it.
Shama, it is not necessary to memorize them. Just be familiar…"
"Not a lot. But def 12-15 MC questions on Business Law. I had one agency question. Don't spend time going through Chapter 8 if you're using Becker, I only had one question from there. Spend time on contracts, sales,…"
"I took the exam on October 2nd. The results were supposed to be released on November 5th, however the hurricane delayed them. If you are taking the exam Monday, you should find out in a couple weeks because I believe you are at the end…"
"My simulations were much more managable the second time around. I had Partnership formation, Filing dates for entities, Estate Distribution when Alternative Valuation Date is elected, Corporate Liquidation. I put in a ton of hours…"
"Hi Rich, Thank you so much..I'm just getting a little overwhelmed with Business Law. Every chapter has so much content to memorize, did u do all of them? Are there many questions in Business law? How did u study for the exam? How did you keep…"
Hi Rich, Thank you so much..I'm just getting a little overwhelmed with Business Law. Every chapter has so much content to memorize, did u do all of them? Are there many questions in Business law? How did u study for the exam? How did you keep the material fresh? I've sent a friend request. Please advise me, thanks so much
Hi Rich, Can i please ask u a question regarding S corporations. Do u understand the Dividend distribution on S corp sharholders. The distribution of AAA, AEP, Ordinary income?? I'm so lost there, thank you
Hi Rich, I was just reading all your posts on Reg. I'm taking Reg soon and getting really nervous. How has the exam been? Any tips on the simulations and how to practice for them? Did you feel like they tested more on Business law or taxation? I noted down the business law topics. Thank u so much