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Video instructions and help with filling out and completing customs broker geek

Instructions and Help about customs broker geek

Hi welcome to customs burger geek.com customs burger exam course this is module 1 preparing for the exam my name is Brian along with the Nate American myself we're going to take you through the customs broker exam course so module 1 is really the most important module we feel in the chorus it sets the tone for the class it shows you how to study show you how to practice and it really helps you prepare your materials so that you're ready to go into the exam and start studying so so pay attention please go ahead pause if you need to take notes go back if you have to watch something again don't feel free to rewind and go back but let's get started so we're gonna start with the exam so the exam itself is eighty multiple-choice questions you have four and a half hours to complete the exam this was recently raised a few years back from four hours to four and a half hours also gives you a little extra time now you need a 75% or greater to pass and the pass rates average between three and twenty percent Wow three three percent pass rate when you look at that on average between 1200 and 1600 people take the exam each test three percent pass that's that's crazy even the 20 percent that's that's still nuts so let's let's break that down a little bit though so 3 percent pass rate if we put this into perspective the bar exam for lawyers has a 68 percent pass rate on average the American Board of Internal Medicine 86 percent and then here's the customs brokers F less than 10 percent but if we put this in perspective bar exam lawyers doctors they're going to school on average for 17 years so you got your four years of college to get your bachelor's and then additional years to become a lawyer become a doctor so you're looking at like seventy years of studying of preparing for these getting to the point where they can take these exams and pass so when when you're doing that a 68% of the 6% seem logical for the brokers exam you're taking an average 1012 weeks to study you're cramming for it you're doing all the work you're reading everything could be faceted for the first time and you only have ten 12 weeks to prepare so that's why it's kind of a lower passing rate when you think of it that way but why is it so hard well the test it's not about what you know it's about what's in the regulations and what's in the tire folks you can't rely on on it's on-the-job practice and memorization to pass this exam it's all about findings and answers exactly as it's written in their regulations and then finding it quickly you want to find that exact regulation that they're talking about so that you can cite it.

FAQ

How and what forms does a customs broker fill out for imported goods?
Omg I really don’t know :)I am a permanent client of brokers from https://clearit.ca/ , they usually solve all the details so that I don’t need to worry about any forms and other things.I will subscribe to this question, I am really interested now.
What happens to all of the paper forms you fill out for immigration and customs?
Years ago I worked at document management company.  There is cool software that can automate aspects of hand-written forms.  We had an airport as a customer - they scanned plenty and (as I said before) this was several years ago...On your airport customs forms, the "boxes" that you 'need' to write on - are basically invisible to the scanner - but are used because then us humans will tend to write neater and clearer which make sit easier to recognize with a computer.  Any characters with less than X% accuracy based on a recognition engine are flagged and shown as an image zoomed into the particular character so a human operator can then say "that is an "A".   This way, you can rapidly go through most forms and output it to say - an SQL database, complete with link to original image of the form you filled in.If you see "black boxes" at three corners of the document - it is likely set up for scanning (they help to identify and orient the page digitally).  If there is a unique barcode on the document somewhere I would theorize there is an even higher likelihood of it being scanned - the document is of enough value to be printed individually which costs more, which means it is likely going to be used on the capture side.   (I've noticed in the past in Bahamas and some other Caribbean islands they use these sorts of capture mechanisms, but they have far fewer people entering than the US does everyday)The real answer is: it depends.  Depending on each country and its policies and procedures.  Generally I would be surprised if they scanned and held onto the paper.   In the US, they proably file those for a set period of time then destroy them, perhaps mining them for some data about travellers. In the end,  I suspect the "paper-to-data capture" likelihood of customs forms ranges somewhere on a spectrum like this:Third world Customs Guy has paper to show he did his job, paper gets thrown out at end of shift. ------  We keep all the papers! everything is scanned as you pass by customs and unique barcodes identify which flight/gate/area the form was handed out at, so we co-ordinate with cameras in the airport and have captured your image.  We also know exactly how much vodka you brought into the country. :)
Can I use broker statements to fill out form 8949 instead of a 1099-B?
Yes you can. Should you? Perhaps, but remember that the 1099 is what the IRS is going to receive. There could be differences.You may receive a 1099 which is missing basis information. You will indicate that, and use your records to fill in the missing information.My suggestion is to use the 1099, cross-referencing to your statements.
Do I need to submit a 1099B to the IRS if I fill out the 8949 with broker summaries?
The IRS receives copies of any of your 1099s, you don’t need to submit them. However you do need to fill out the 8949 with all transactions, not summaries. Most tax programs like Turbotax will allow you to import the transactions and save you a lot of time. Tradelog ( specialty program) is by far the best trader’s tax program.As to the 400 pages, you can submit them by efile through Turbotax or by mail. It doesn’t matter.
What are the types of forms investors typically have to fill out to invest with a broker?
You can easily find out this for youself by using google.If you can write on Quora it means that you have either a computer,a tablet or a smart phone .That means that you can get a comprehensive answer to your question yourself.You can also pick any brokerage and click into their investment requirements or request their investment brohure and,wallah! you have their requirements at your fingertips. You see they are not standard to the many online brokers. Some parts are but there are variation based on many factors. One example is whether you are an international investor or a domestic investor. happy research.
Why do you need to fill out a W-9 form to get back a broker fee from renting an apartment?
Is the person requesting that you fill out this form going to be cutting you a check for this fee? In other words, is this broker fee a payment to you for services you rendered? Money that you need to declare as income and thus pay income taxes to the IRS?If not, if this check is for some other reason, then I don’t believe that you should complete this form.I’m not a lawyer, so there could very well be something that I am unaware of, but it looks suspicious to me. I sure would like to know more about this issue.