tkfrericks
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Joined: 26 Jul 2010
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Posts: 2
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| Posted: 26 Jul 2010 at 18:03 | IP Logged
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I've already taken the FAR exam (still waiting on a score). When I took the exam, I relied a lot on mnemonics to remember answers. However, I'm realizing that there's a lot more memorization required in the REG test. I was hoping someone would know some more mnemonics or have ideas for some within the REG section.
I'm having trouble with deciding what is an itemized deduction, what is subject to what thresholds, and so on.
The only real Mnemonic I have is GIMC for expenses/losses that are never phased out due to income restrictions.
Gambling losses
Investment Interest
Medical expenses
Casualty Losses
If anybody has others, help would be GREATLY appreciated!!!
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Topic: Mnemonics - REG
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