ugh, taxes in PM we meet again... feeling, question, beginning, coffee

bchadwick

so i punted taxes in PM last year on L2 and got lucky. why do i have a feeling it'll be some calc question on the AM side for a few points that i just can't afford to give up? contemplating now taking the time to memorize those stupid formulas- at least the basic beginning ones. i so don't want to. but i feel like my karma is wearing thin. i'm going to go walk my dog since it looks great outside and then i might get a red bull or coffee or diet mtn dew and knock one more thing off of the list of glaring holes in my game. they're too easy to miss points on vs other candidates- might have to take the time here unfortunately.

there are many train wrecks that i could still fall prey to. i am not learning bequest stupid generation skipping massive formulas. eat it bequesters. i just don't care.

Chuckrox

higher probability that it will be tested. Do it

bkballa

^ there must be some psychological thing in ss3 for that statement. it very well could be the "time series" of L3, but yeah, i might not roll the dice. it's like 5 formulas. i might have enough brain cells left to get those in there for 3 days. *might* *might* *might*

ps- i'm starting to go insane. more so than i remember on past tests. this level sort of makes you nuts.

ll11

i would rather be in your boat than mine. i'm making consistent silly mistakes such as forgetting to multiply by T in the commodities formulas.

the tax formulas are easy banni, memorize all of them and then you will have insurance. hopefully.

nannan66

For about 80% you can just formulate the formula on the spot. They make a lot of sense.

jmh530

i been saying this for the longest.........also agree that they common sense wexcept for the last 2

infinitybenzo

Remember the last ridiculous long formula with everything happens, it could apply to all situations.

With likelyhood it would come in the morning, I highly doubt it would be a complex calculation, agree with estate planning formula being really urgly that I am not going to spend time to remember it.

canadiananalyst

if nothing else, just memorize accrual equivalent return and accrual equiv tax rate

pennyless

Bannisja, the tax formulas (with a half hour of effort) are beyond simple.

Memorization isn't required - they're actually pretty Goddam intuitive (again, after a little studying).

Don't get flummoxed by trying to digest them all at once, and good luck.

justin88

I just finished a good example schweser vol 2, morning exam 1, they have credit, exemption and deduction method and explain it well. no formulas needed....