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Fed Tax Flowchart
Posted: Mon Nov 21, 2011 2:44 pm
by scottschreiber
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.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 3:45 pm
by moandersen
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
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 8:01 pm
by BunkMoreland
Would love this and/or any multiple choice tests
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 8:51 pm
by moandersen
BunkMoreland wrote: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.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 9:25 pm
by goosey
scottschreiber wrote: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.
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
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:18 pm
by Big Shrimpin
Someone plz poast/PM said flowcharts. Willing to exchange with money and/or hugs.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:23 pm
by Julio_El_Chavo
Big Shrimpin wrote: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.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:33 pm
by fathergoose
Julio_El_Chavo wrote:Big Shrimpin wrote: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 Texas.
This.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:37 pm
by Big Shrimpin
Big Shrimpin wrote:Someone plz poast/PM said flowcharts. Willing to exchange with money,and/or hugs and/or my first-born child.
Amended.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:38 pm
by Renzo
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.
Re: Fed Tax Flowchart
Posted: Mon Nov 21, 2011 10:47 pm
by Big Shrimpin
Renzo wrote: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::
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 7:42 am
by Antilles Haven
Renzo wrote: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

Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 7:26 pm
by fathergoose
Also have the massive wall sized chart.
Would like nice flowchart instead.
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 8:09 pm
by Helmholtz
+1 to the requests
I haven't actually started studying for that class yet
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 8:19 pm
by fathergoose
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.
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 8:30 pm
by SpiteFence
fathergoose wrote: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*
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 8:49 pm
by Renzo
fathergoose wrote: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.
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 9:18 pm
by fathergoose
good to know.
Somebody out there on TLS has to have a FedTax Flowchart or attack outline.
C'mon....do it.
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 10:38 pm
by joobacca
i wonder if anyone has taken both fed income tax and secured transactions. that would make me borderline suicidal
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 10:54 pm
by prezidentv8
Maybe I just really liked tax and am biased, but it wasn't that hard guys.
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 11:39 pm
by fathergoose
prezidentv8 wrote:Maybe I just really liked tax and am biased, but it wasn't that hard guys.
Sooooooo you're saying you want to share?
Re: Fed Tax Flowchart
Posted: Tue Nov 22, 2011 11:44 pm
by de5igual
joobacca wrote:i wonder if anyone has taken both fed income tax and secured transactions. that would make me borderline suicidal
taking both plus biz associations
Re: Fed Tax Flowchart
Posted: Wed Nov 23, 2011 12:06 am
by joobacca
f0bolous wrote:joobacca wrote:i wonder if anyone has taken both fed income tax and secured transactions. that would make me borderline suicidal
taking both plus biz associations
well... that sucks.
seriously, i think tax is pretty shitty. it's not conceptually difficult or anything and i can see the logic behind a lot of the provisions. but there's just so much shit...
Re: Fed Tax Flowchart
Posted: Wed Nov 23, 2011 12:35 am
by BunkMoreland
bunk is tired of waiting. Fork over the outline and flow chart, peoples.
Re: Fed Tax Flowchart
Posted: Wed Nov 23, 2011 5:15 am
by BunkMoreland
well if no one is gonna oblige, you guys wanna throw around hard questions/practice problems with each other?