![](https://www.taxconnections.com/taxblog/wp-content/uploads/TaxConnections-Picture-Cartoon-Man-In-Jail2.jpg?resize=90%2C90&ssl=1)
While reading can aid in learning, there is no substitute for doing. Reading about what steps should be taken to solve a tax problem is no different than reading about how to ride a bicycle. In the same way that the only way to learn how to ride a bicycle is by experiencing it firsthand – i.e., by physically getting on it (and perhaps falling off it more than once) – the only way to become proficient at solving tax problems is by trudging through a multitude of hypotheticals. Therefore, my motto is, “Learning by doing.”
So why not test your problem solving skills out on a true-to-life hypothetical? Below is a fact pattern based upon a real case. While the analysis is quite detailed, it is nonetheless very practical in the sense that it covers issues that come up with the greatest frequency for tax preparers who are “on the front lines.” In fact, if I had to venture a guess, I’d say that Read More
Recent Comments