REG – 1040 Mnemonics - Page 2

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  • #183458
    Anonymous
    Inactive

    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?

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