For all those sadistic enough to take Fed Tax, I’m thinking the best way to study, as well as approach an exam question, is to use a flowchart that goes through all of the major topics covered in the course. For example, Is it gross income? Who is the taxpayer? What amount was realized? etc. However, I haven’t found one of these I can just copy, so I think I’ll have to make one myself.
Does anyone know if one already exists somewhere out there in the internets, and if so, where I can find it?
Also, if I were to make a flowchart, would anyone be interested in me posting it? Just important so I can determine if I should be using comprehensible conventions, or my own incoherent conventions.
I would love to see/have a flowchart. Im finally understanding the rules individually but im struggling to see the big picture and how everything relates.
Taking tax was a HUGE mistake for me
Would love this and/or any multiple choice tests
The Bunk dont need no practice test. All the Bunk needs is booze and a cigar. Sheeeet.
you are crazy ![]()
i dont even know wha that would look like
My plan for tax is just to outline, pre-write as many answers as I can [and so far, I feel like pre-writes would work very well for tax], and then condense it.
I also think it would be helpful [for big picture envisioning] to just sit down and do a fake 1040 on paper
ie.
Income
list
all
income
here [including what doesnt count liek fringe benefits]
ATL Deductions
list here
AGI
BTL Ded
etc etc
thats what I plan on doing after I am done with pre-writes
Someone plz poast/PM said flowcharts. Willing to exchange with money and/or hugs.
Please PM to me as well. I will buy you a beer, if you live in Charlottesville.
This.
Someone plz poast/PM said flowcharts. Willing to exchange with money**,**and/or hugs and/or my first-born child.
Amended.
Dude. My casebook came with a flowchart. It folds out the size of a large wall map, and it looks like an electrical engineering schematic in tiny print. Fuck that thing.
Dude. My casebook came with a flowchart. It folds out the size of a large wall map, and it looks like an electrical engineering schematic in tiny print. Fuck that thing.
::says “ugh, lucky” in Napoleon Dynamite fashion::
Dude. My casebook came with a flowchart. It folds out the size of a large wall map, and it looks like an electrical engineering schematic in tiny print. Fuck that thing.
I have that… it’s hanging one my wall ![]()
Also have the massive wall sized chart.
Would like nice flowchart instead.
+1 to the requests
I haven’t actually started studying for that class yet
I need to figure out what the hell a hotchpot is. I didn’t pay attention to the term at first because I thought it was something he was making up to screw with us because there is no way that hotchpot is a real legal term but my prof used it approximately 5,000 times in class over the last two weeks. I’m guessing that means its important.
I need to figure out what the hell a hotchpot is. I didn’t pay attention to the term at first because I thought it was something he was making up to screw with us because there is no way that hotchpot is a real legal term but my prof used it approximately 5,000 times in class over the last two weeks. I’m guessing that means its important.
Frantically scouring my notes for this term
I need to figure out what the hell a hotchpot is. I didn’t pay attention to the term at first because I thought it was something he was making up to screw with us because there is no way that hotchpot is a real legal term but my prof used it approximately 5,000 times in class over the last two weeks. I’m guessing that means its important.
According to Wikipedia:
Hotchpot is a slang term referring to the blended group of Section 1231 “Gains and Losses” of the U.S. Tax Code.
good to know.
Somebody out there on TLS has to have a FedTax Flowchart or attack outline.
C’mon…do it.
i wonder if anyone has taken both fed income tax and secured transactions. that would make me borderline suicidal
Maybe I just really liked tax and am biased, but it wasn’t that hard guys.