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lolly84
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Newbie

Joined: 26 Jan 2009
Location: United States
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Posts: 27

Posted: 08 Jul 2009 at 16:52 \| IP Logged

Question 1)

I have my exam on Saturday! Could any please confirm what numbers i should be using on the exam. Should i be using the 2008 numbers or 2009?

E.g S179 for 2008 Exemption: is $125,000 but 2009 is $250,000 . Also, the 2008 Estate Tax exemption: is 2million while 2009 is $3.5million and i know it has changed.

Question 2)

Could anyone please post an example of Estate Tax and/or Amt. I know the concept for them but Becker doesn't have an actual problem/question to solve. I'll like to go over it before the exam to be on a safe side. I appreciate it.

Thanks!

caixinran
Regular
Regular

Joined: 10 Jun 2009
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Posts: 159

Posted: 08 Jul 2009 at 18:03 \| IP Logged

1) Sec 179. use $250,000 amount (I am certain on this)
Because for 2008 tax returns, the Max amount already
$250,000.

2) Estate, If I were you, I will remember $2million, Since
2008 Estate return Form 706 set $2million as the exclusion
amount. (Not Sure on this one)

3) As long as you totally understand the concept. You will
be fine.

Good luck to all of us!!

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lolly84
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Joined: 26 Jan 2009
Location: United States
Online Status: Offline
Posts: 27

Posted: 08 Jul 2009 at 21:41 \| IP Logged

Thanks caixinran.

So for the estate tax, i should use 2009 numbers?

Could anyone please chip in? When are you taking yours? Good luck.

roswellpodsquad
Regular
Regular

Joined: 28 May 2009
Location: United States
Online Status: Offline
Posts: 112

Posted: 08 Jul 2009 at 23:20 \| IP Logged

Starting July 1st 2009 amounts are eligible for testing. According to a Becker
professor I e-mailed regarding this matter, you'd be safest having a general
idea of both the 2008 & 2009 amounts.

I know its a pain but I knew both going into the exam when I took mine on
the 2nd. Better safe than sorry.

Search for other posts by roswellpodsquad

arushi_13
Major Contributor

Joined: 09 Feb 2008
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Posts: 1235

Posted: 09 Jul 2009 at 01:34 \| IP Logged

Do we need to know the AGI phaseout ranges ?What all amounts do we need to know by heart? Please can someone list them.

Please can someone help on this...I will really appreciate it.

Thanks in advance.

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ALL DONE !!!

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