Here is a table I made describing how to determine if somebody qualifies as a child or relative for exemption purposes on the 1040. I made this last fall for the tax course I took as part of my master’s degree. The TA liked it so much that he included it as part of the next lecture as review. That made me feel really good.
I made the following imputed interest income flow chart last fall, while taking the tax course that is required for my master’s degree. It wasn’t in the textbook.
Here is a table I made to help me remember the treatment for gains and losses under certain sections. The sections are 1231, 1245, 1250, and casualty is there too. These are all greater than one year, so there is nothing short term here.
As I have mentioned before, I am studying for the CPA exam. I hope to take REG before the testing window closes for this quarter (September 2018). The whole exam has a reputation for being very difficult. I'm sure is true. However, I just came across something that seems to make it even more confusing: … Continue reading The CPA exam uses 2016 and 2017 tax law