AssumptionRequired wrote:dailygrind wrote:Word on the street has it that there's a supersecret, but superawesome excel spreadsheet floating around for Fed Income tax which vastly simplifies the calculations. If you've got a copy you're willing to share, shoot me a PM and I will love you forever.
On that note, is Fed income tax a bad idea as a 1L if you dont have any experience in accounting/tax/finance? Or does it assume no prior knowledge?
It helps if you have a background in finance or something similar. It makes the concepts more intuitive. You could definitely roll in there with no prior background and do well, but it'd be a little bit harder to compete. I'd probably avoid it, but mostly for reasons that have little to do with backgrounds in finance - in my professional opinion this class blows goat chunks. So. Many. Goddamn. Rules.
bgdddymtty wrote:dailygrind wrote:Word on the street has it that there's a supersecret, but superawesome excel spreadsheet floating around for Fed Income tax which vastly simplifies the calculations. If you've got a copy you're willing to share, shoot me a PM and I will love you forever.
I can only speak authoritatively on Robinson's class, but I can't imagine a Fed Income Tax final that would require anything but the most basic calculations.
Yeah, I think it simplifies depreciation (the one that's not straight line is computationally irritating), and maybe a few other things. It's an open question whether the prof would be dick enough to put a computationally irritating problem on a law school exam, but hey, if there's a spreadsheet that simplifies it, that'd be nice.
