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Topic: How to prepare for 1st window test? (

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wen00wen
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Joined: 28 Mar 2011
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Posted: 15 Jan 2012 at 15:24 \| IP Logged

Hi All,

I schedule to take the REG at the end of next month. However, now the 2012 tax code is coming up and I am still using 2011 edition Becker review which focus on 2010 and 2011 tax code. I am confused which number I should memorize. Should I get 2012 edition review material or I only need to update 2011 review material?

Thank you in advance.

cpaGuy85
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Joined: 01 Sep 2011
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Posts: 44

Posted: 15 Jan 2012 at 20:57 \| IP Logged

I've taking the test 5 times and there won't be any differences. For example,
if there is a gift tax question....it will say "assuming a $12,000 exemption" or
if it is a 179 depreciation question it will give you the limit to assume. You'll
still have to know to apply that it phases out dollar for dollar over that limit,
but the question would at least give you.

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