[Anonymous]

I printed out the 1040 and used a Sharpie to write these mnemonics on the correct sections. I’m all about some visual aids.

Income: S + WAT IS UP

Schedules B, C, D, E, F

Wages

Alimony received

Taxable state/local refunds

IRA

Social security

Unemployment

Pensions & annuities

Adjustments: SHIT IM ASS DOPE

(I don’t take credit for the profanity in this one, since I stole it from someone on this forum. Prosecute them, not me! I can’t help that this one is just kind of “unforgettable.”)

Student loan interest

Health savings account

IRA

Tuition & fees

Interest withdrawal penalty

Moving expenses

Alimony paid

Self employed health insurance

Self employed retirement

Domestic production activities deduction

One half self employment FICA

Paid attorney fees–discrimination/whistle blower

Educator expenses

Nonrefundable Credits: CELL GRAF

Child & dependent care credit

Elderly or disabled credit

Lifetime Learning Credit

Long-term unused minimum tax credit

General business credit

Retirement plan contribution credit

Adoption credit

Foreign tax credit

Refundable Credits: WE ACE

Withholding taxes

Earned income credit

American Opportunity Credit

Child tax credit

Excess social security paid

Anyone got anything better? Or in addition?

[Wanna_B_TXCPA2014]

Bump

[kmeadows]

Bump… for us people trying to take down reg before the 2017 changes in this final week. Thank you! 🙂

[RE2PECT]

Deductions FOR AGI (I EMBRACED)

I ncome from student loans
self E mployment tax
M oving expenses
B usiness expenses
R ent, royalty, and pass through entities
A limony
C ontributions to retirement plan
E arly withdrawal penalty
jury D uty fees

Deductions FROM AGI (COMMITT)

C haritable contributions
O ther miscellaneous expenses
M iscallaneous 2% expenses
M edical expenses
I nterest paid
T axes Paid
T heft or casualty loss

Individual AMT (SIMPLE PIE)

Adjustments
S tandard deduction
I nterest on home equity loan
M edical expenses under 10% AGI
P ersonal and dependent exemptions
L ocal and state taxes
E mployee business expenses and other 2% misc expenses

Preferences
P rivate activity bonds
I ncentive stock options
E xcess depreciation on personal property

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[Author]

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