paying quarterly taxes

ElectricSavant,

Were you in tax court related to a 72(t) distribution from your IRA or is there something even more obscure that I'll need to research?
 
I will give you a hint....as I do not want to become a tax advisor to others in this public forum....your on the right track.


Here is your hint in the form of a question.


Are you a homeowner?


Michael B.
 
Quote from jessie:

If your CPA doesn't give you cost-benefit analyses of stuff like that, you need a new CPA. That's exactly the kind of thing that I am paying mine for, to tell me what is to my best advantage from a tax perspective. I can't begin to guess how much money and trouble a good accountant has saved me over the years, but that is in addition to freeing my time for things that I would rather do than keep up with every change in the tax code (or filling out pages of forms for that matter). I will continue to bake her cookies and send her thank you cards every chance I get!
Jessie
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:cool:
 
Quote from ElectricSavant:

Here is what your CPA will not tell you about your home office deduction.....


WHEN YOU SELL LOOK AT THE RECAPTURE RULES



Michael B.
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Partly right, Electric Savant;
however might not even sell this home ;
have sold a home over7 years ago, & home office deduction worked fine -I remember things like that.

Of course recapture rules may have been different 7 , 8 years ago.:cool:
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With only 24 hours in the day, I skim the yearly IRS update;
would rather study trading & others rather than BEHEMOTH-IRS tax code.

True, Michael B,many IRS agents are helpful.
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Speaking of court, have been in small claims court ,designed where lawyers arent necessary. Small claims court was fun;
but time consuming.

Dont consider tax matters small and even in years of small or whatever size tax bill;
repeating pattern- don't consider tax matters small, no matter the size of tax bill.
 
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