ITT: Federal Income Tax

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941law
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Re: ITT: Federal Income Tax

Postby 941law » Sat Sep 21, 2013 6:28 pm

I purchased understanding fed income and the audio for law school legends. Got a B. Learned it all in 2 weeks fwiw.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Sun Oct 13, 2013 9:36 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 1:04 am, edited 1 time in total.

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Jsa725
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Re: ITT: Federal Income Tax

Postby Jsa725 » Tue Oct 15, 2013 12:44 pm

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Last edited by Jsa725 on Sun Oct 26, 2014 3:42 pm, edited 1 time in total.

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Danger Zone
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Re: ITT: Federal Income Tax

Postby Danger Zone » Tue Oct 15, 2013 12:48 pm

Jsa725 wrote:
brotherdarkness wrote:Does anyone have access to some old exams with model answers that they'd be willing to send me?

Yah, I'd appreciate this too... My exam is MC and I have no clue how to approach studying the fucking IRC.

Ugh, mine is MC, too. Gonna be turrible. Would appreciate if anyone had PTs, especially with MC questions.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Tue Oct 15, 2013 12:57 pm

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Totalimmortal
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Re: ITT: Federal Income Tax

Postby Totalimmortal » Wed Oct 16, 2013 4:39 pm

Hey folks, if you aren't finding Chirelstein too valuable, I've been reading the E&E first, and then going back and reading the textbook (Bankman, for me). Makes sense naow.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Wed Oct 16, 2013 7:18 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 1:11 am, edited 1 time in total.

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Wed Oct 16, 2013 8:38 pm

This sounds terrible.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Sun Oct 27, 2013 4:18 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 11:55 am, edited 1 time in total.

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Sun Oct 27, 2013 4:29 pm

brotherdarkness wrote:Like-kind exchanges involving property subject to debt and boot are fucking retarded.


i encourage you to take any of your property-related questions to the "Property Tree House." Good luck!!!!

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Sun Oct 27, 2013 8:12 pm

on a more serious note, how are we supposed to do this FIT shit?

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Sun Oct 27, 2013 8:45 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 11:56 am, edited 1 time in total.

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Sun Oct 27, 2013 8:46 pm

brotherdarkness wrote:
stillwater wrote:on a more serious note, how are we supposed to do this FIT shit?


There are a few concepts I can understand (somewhat), but the vast majority of my studying involves staring dumbfounded at my notes wondering what the hell is going on. This is probably the most clueless I've been in law school thus far, even including the first few weeks of my 1L year.


ditto bro, ditto. i dont understand how anyone memorizes anything associated with this. i understand some overarching precepts but im not going to be able to apply any of this with any sense of speed or efficiency (or accuracy) without a good outline (that im clearly not going to make).

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Jsa725
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Re: ITT: Federal Income Tax

Postby Jsa725 » Mon Oct 28, 2013 7:11 pm

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Last edited by Jsa725 on Sun Oct 26, 2014 3:42 pm, edited 1 time in total.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Mon Oct 28, 2013 7:20 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 11:56 am, edited 1 time in total.

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Jsa725
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Re: ITT: Federal Income Tax

Postby Jsa725 » Mon Oct 28, 2013 7:24 pm

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Last edited by Jsa725 on Sun Oct 26, 2014 3:42 pm, edited 1 time in total.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Mon Oct 28, 2013 7:28 pm

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Last edited by brotherdarkness on Fri Jun 27, 2014 11:56 am, edited 1 time in total.

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Mon Oct 28, 2013 7:59 pm

i just depreciate EVERYTHING. declare a reserve amount and call it a day.

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Mon Oct 28, 2013 11:40 pm

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TTRansfer
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Re: ITT: Federal Income Tax

Postby TTRansfer » Tue Oct 29, 2013 12:40 am

Debating whether or not to take this class.

Don't need it since my state doesn't test on it.

Any use, then? Avoid at all costs if I don't plan on using it ever?

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brotherdarkness
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Re: ITT: Federal Income Tax

Postby brotherdarkness » Tue Oct 29, 2013 12:45 am

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Last edited by brotherdarkness on Fri Jun 27, 2014 12:01 pm, edited 1 time in total.

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TTRansfer
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Re: ITT: Federal Income Tax

Postby TTRansfer » Tue Oct 29, 2013 12:47 am

brotherdarkness wrote:
TTRansfer wrote:Debating whether or not to take this class.

Don't need it since my state doesn't test on it.

Any use, then? Avoid at all costs if I don't plan on using it ever?


Despite my constant trash talking of FIT, it's a useful class. I'm planning on doing transactional work, so it seems necessary, but if you're planning on lit ymmv.


Yep. Lit. Sounds like avoid. I almost feel like a shithead with how light my semester is next semester (one real class with a test, a clinic, and lulzy seminars).

Four day weekends every week, too.

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Danger Zone
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Re: ITT: Federal Income Tax

Postby Danger Zone » Tue Oct 29, 2013 1:28 pm

brotherdarkness wrote:
stillwater wrote:i just depreciate EVERYTHING. declare a reserve amount and call it a day.


This changes if it's a capital asset rite? Something about amortization...

Huh?

Fuck I need to start reading.

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stillwater
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Re: ITT: Federal Income Tax

Postby stillwater » Tue Oct 29, 2013 2:26 pm

you depreciate tangible assets and amortize intangible. howver i was jokig about depreciating everything

echooo23
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Re: ITT: Federal Income Tax

Postby echooo23 » Wed Oct 30, 2013 8:24 pm

Another request for practice tests. Please PM me if you have any! Fed Tax. Ugh!




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