Martin Nissenbaum
Martin Nissenbaum
detached exception office
The only exception is if your office is a detached structure.
expenses people realize win
People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
expect kids pay people taxes
People don't expect it. The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
expect kids pay people taxes
People don't expect it, ... The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
agent
Everything you say can give the agent an idea about something.
assistant bit eligible list
The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.
advantage losses major tend trade traders
But because traders tend to trade so frequently, those aren't major disadvantages, ... And the advantage of being able to deduct all of your losses is very attractive.
charged extent high
To the extent you don't repay, you'll be charged very high rates.
benefit extra federal high situation state
It probably doesn't make sense to postpone making the extra deductions because even in a high state-tax situation the federal benefit still outweighs the state cost.
congress money people slam
Congress wised up to that. They weren't going to let people slam money into those
It's always a better idea to fess up with the IRS.
clients
When we have clients come with us, we say 'Don't say anything'.
good obviously
That obviously is not a good thing to do.
based dividends fund holding mutual qualified received work
You need to work through which of the qualified dividends you received from a mutual fund are actually qualified based on the holding period.