Federal Taxation
Federal Taxation Exam Guides
IS A MNEMONIC (TGDECATP) TO AID IN MEMORIZATION OF THE MOST COMMON INTERNAL REVENUE CODES FOR DETERMINING TAX LIABILITY.
The checklist focuses on mnemonics that will assist you with memorization of select IRC codes and will greatly help organize your response to an essay exam question. Straight forward and clear text that will enable students to memorize each sub-category and apply the principles towards the analysis of a Federal Taxation question quickly and efficiently.
Benefits
- In determining the issue, the 11 page checklist logically addresses tax liability computations for personal or business, gross income, deductions, educational credits, capital gains and losses, assignment of income (multiple parties earning), timing principles & procedures, and professional responsibility.
- The Internal Revenue Code can be found in USC Title 26. Relevant subparts are A and F. The code can be found here: U.S. Code: Title 26 | U.S. Code | US Law | LII / Legal Information Institute (cornell.edu)
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