Hi Texan. If you search for some there are plenty on here. These worked soooo much for my friend and me. Hopefully they do the same for you! If not sorry and good luck!!
Hi All,
For anyone stuggling with REG or just starting out, I came up with these mneumonics and thought they worked pretty well. I gave them to two friends who also liked them alot so I thought i would pass them along so that hopefully they can help you. Sorry if they do not though. Just trying to help! (sorry if there are tons of typos)
Above the Line Deductions: MOTHIISSSDEAA (You want to kill moths. they are ugly!!)
Moving Expenses
One Half Self Employment FICA
Tuition and Fee Deduction
Health Savings Account
IRA
Interest Withdrawal Penalty
Self Employment Retirement
Self Employment Health Insurance
Student Loan Interest Exp
Domestic Production Activity Deduction
Educator Expense
Alimony Paid
Attorney Fees
Itemized Deductions: TICGOMM (kind of like tic get off but with mm's instead of ff's. who wants a tic on them)
Taxes Paid
Interest Paid
Casualty and Theft Losses
Gifts to Charity
Other Misc Exp not subject to 2% floor
Misc Exp Subject to 2% floor
Medical & Dental Exp
Nonrefundable Tax Credits: GEARCELF (nothing really good to remeber, but gear yourCELF up for studying)
General Business Credit
Elderly or Disabled
Adoption
Retirement Plan Contribution
Child & Dependent Care
Education Credits
Lont Term unused minimum tax
Foreign Tax Credit
Refundable Tax Credits: CEWE (like fewe, (wipe sweat away) i am lucky i get a refund but with cewe)
Child Tax Credit
Earned Income Tax
Withholding Taxes
Excess Social Security Paid
Misc Subject to 2% floor: UBBEESTU (U Best U i am going to use these)
Unreimbursed Business Exp
Business Gifts
Business Use of Home
Employment agency fees
Expenses of investors
Subscriptions for professional journals
Tax Prep Fee
Uniforms
BEC - 79
AUD - 67,74,90
REG - 77
FAR - 87
DONE!!!!
"Don't give up, don't ever give up!"
.