ITT: We Discuss Federal Income Tax

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smokyroom26
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ITT: We Discuss Federal Income Tax

Postby smokyroom26 » Sat Oct 08, 2011 2:03 pm

Mon dieu.

de5igual
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Re: ITT: We Discuss Federal Income Tax

Postby de5igual » Sat Oct 08, 2011 5:25 pm

I hate this class.

that is all.

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smokyroom26
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Re: ITT: We Discuss Federal Income Tax

Postby smokyroom26 » Sat Oct 08, 2011 5:55 pm

It is potentially the worst thing that has ever happened to me. At least in the top 10.

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Pato_09
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Re: ITT: We Discuss Federal Income Tax

Postby Pato_09 » Sat Oct 08, 2011 6:22 pm

The good thing there is a curve.

PirateCap'n
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Re: ITT: We Discuss Federal Income Tax

Postby PirateCap'n » Sat Oct 08, 2011 6:50 pm

I really don't think it's that bad (and this is coming from someone whose sole goal in UG was to avoid math classes). Secured transactions is 100x worse. Tax definitely isn't the most fun class in the world, but I've had several that were much, much worse.

Geist13
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Re: ITT: We Discuss Federal Income Tax

Postby Geist13 » Sat Oct 08, 2011 9:21 pm

Tax is the first time in law that I have had 0 level of interest in the subject matter. I mean at least in contracts some of the cases were funny (that chicken case!). Tax lacks even a single redeeming quality.

kahechsof
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Re: ITT: We Discuss Federal Income Tax

Postby kahechsof » Sat Oct 08, 2011 9:26 pm

This was my favorite class, and I had zero math or accounting background.

Geist13
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Re: ITT: We Discuss Federal Income Tax

Postby Geist13 » Sat Oct 08, 2011 9:31 pm

Why do people think tax has anything to do with math? I think every law student can do 10,000 - 7,500. Interest and proficiency in math, or lack thereof, is irrelevant for tax. Most relevant for tax enjoyment is how much you enjoy watching water boil, or enjoy a strong groin shot.

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I.P. Daly
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Re: ITT: We Discuss Federal Income Tax

Postby I.P. Daly » Sat Oct 08, 2011 10:13 pm

I plan on taking a general tax class next semester. Any recommendations for someone going into the class?

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monkey85
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Re: ITT: We Discuss Federal Income Tax

Postby monkey85 » Sat Oct 08, 2011 10:27 pm

I like tax class. It requires easy linear thinking, and every question has a definitive answer based on the Code.

Possibly best part: no gunners because you can't BS a question or answer to something as cut and dry as the Code.

PirateCap'n
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Re: ITT: We Discuss Federal Income Tax

Postby PirateCap'n » Sat Oct 08, 2011 10:45 pm

Geist13 wrote:Why do people think tax has anything to do with math? I think every law student can do 10,000 - 7,500. Interest and proficiency in math, or lack thereof, is irrelevant for tax. Most relevant for tax enjoyment is how much you enjoy watching water boil, or enjoy a strong groin shot.


Taxes = money = numbers = math. Nobody ever said it was hard math, but it is math. To me, easy math is no more fun than hard math.

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Kilpatrick
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Re: ITT: We Discuss Federal Income Tax

Postby Kilpatrick » Sat Oct 08, 2011 10:46 pm

.
Last edited by Kilpatrick on Tue Nov 08, 2011 11:08 pm, edited 1 time in total.

Renzo
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Re: ITT: We Discuss Federal Income Tax

Postby Renzo » Sat Oct 08, 2011 11:36 pm

True fact: don't take that shit as a 3L, it's a terrible fucking mistake.

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zeth006
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Re: ITT: We Discuss Federal Income Tax

Postby zeth006 » Mon Oct 10, 2011 10:31 pm

I'm probably among the minority. It's really not a bad class. It does require a bit of patience with respect to taking time to make sure you understand what the assigned codes for each lesson actually do.


I don't know about the rest of you, but I found that I hated contracts more. But to be fair, my contracts prof sucked really bad.

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Pato_09
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Re: ITT: We Discuss Federal Income Tax

Postby Pato_09 » Mon Oct 10, 2011 10:45 pm

Kilpatrick wrote:
monkey85 wrote:I like tax class. It requires easy linear thinking, and every question has a definitive answer based on the Code.

Possibly best part: no gunners because you can't BS a question or answer to something as cut and dry as the Code.


This. The biggest gunner my 1l year is in my tax class and now he never says a word. It's awesome. I also have an amazing prof so I'm kind of liking tax.


I think we attend the same school haha.

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smokyroom26
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Re: ITT: We Discuss Federal Income Tax

Postby smokyroom26 » Tue Oct 11, 2011 2:17 am

I like the material. I just don't like how there are 18 exceptions to every exception. Plus, my prof has a tendency to get excited and go off on wild, incomprehensible flights of fancy punctuated by zillions of references to individual numbered provisions. It makes me dizzy.

I'm thinking about making flash cards (as in, right now, not necessarily for my final push for exam prep) with the code sections and their general/specific area of applicability. Or maybe, making a giant flowchart and just looking at it over and over.

monkey85 wrote:I like tax class. It requires easy linear thinking, and every question has a definitive answer based on the Code.

Possibly best part: no gunners because you can't BS a question or answer to something as cut and dry as the Code.


See, my problem is that I like linear thinking, but we've been jumping around in the casebook so much and not really covering things in a linear way, so I don't feel like I have an A then B then C then D understanding of how to attack a problem.

No gunners is super great. However, my class is essentially everyone on LR.

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mths
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Re: ITT: We Discuss Federal Income Tax

Postby mths » Tue Oct 11, 2011 5:42 am

Pato_09 wrote:The good thing there is a curve.

Yeah, at least I know where the bottom is.

I want to kill Fed Tax with fire.

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zeth006
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Re: ITT: We Discuss Federal Income Tax

Postby zeth006 » Tue Oct 11, 2011 5:14 pm

Pato_09 wrote:The good thing there is a curve.


Which seems fine and good until you learn that a good chunk of the class is composed of former accountants and accounting majors. Kind of unnerving seeing the veteran accountant next to you playing Farmville and looking up maybe once every 10 minutes just to make sure the prof's not going over something he doesn't already know!

:x



EDIT: Grammar.
Last edited by zeth006 on Tue Oct 11, 2011 6:14 pm, edited 2 times in total.

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Bronte
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Re: ITT: We Discuss Federal Income Tax

Postby Bronte » Tue Oct 11, 2011 5:20 pm

My tax prof is a comedic genius. The class is great. The stuff can be interesting if the prof is energetic and interesting.

Geist13
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Re: ITT: We Discuss Federal Income Tax

Postby Geist13 » Tue Oct 11, 2011 7:13 pm

Does anyone else have the Burke & Friel Casebook? I really hate this book; they do such a bad job of explaining what they are talking about. Also, the binding sucks ass; it's already falling apart.

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Amy wineBerry
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Re: ITT: We Discuss Federal Income Tax

Postby Amy wineBerry » Wed Oct 12, 2011 9:42 am

monkey85 wrote:I like tax class. It requires easy linear thinking, and every question has a definitive answer based on the Code.

Possibly best part: no gunners because you can't BS a question or answer to something as cut and dry as the Code.


Tax is the only class I like...and I'm taking an a$$ load of classes. Yeaaa me!

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Mickey Quicknumbers
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Re: ITT: We Discuss Federal Income Tax

Postby Mickey Quicknumbers » Wed Oct 12, 2011 6:17 pm

1. I love this class

2. Chirelstein's Income Tax supp is the greatest thing in the world

3. I imagine accounting majors who blow off this class will probably do terrible

bmic
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Re: ITT: We Discuss Federal Income Tax

Postby bmic » Mon Oct 31, 2011 2:56 pm

Any tips on making an outline for a Tax class? It seems even worse than Civ Pro in terms of saying "this section says this" over and over again.

Geist13
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Re: ITT: We Discuss Federal Income Tax

Postby Geist13 » Mon Oct 31, 2011 5:26 pm

bmic wrote:Any tips on making an outline for a Tax class? It seems even worse than Civ Pro in terms of saying "this section says this" over and over again.


I think practice is going to be way more important than the outline for tax. KNOW what to do and what issues there are when you see a particular problem. Tax is so unintuitive. No matter how well you know the material, you'll have to check the code to make sure you are being precise (and the little things in the code are probably going to separate As from B+s). So I'm not sure that a super thorough outline will reall helps. Just do tons of practice. Where to find these practice problems is something I haven't figured out yet.

jkay
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Re: ITT: We Discuss Federal Income Tax

Postby jkay » Thu Nov 03, 2011 5:47 pm

It wasn't so bad until we got to depreciation.




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