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24 ordspråk av Mark Luscombe

Mark Luscombe

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Generally, the unemployment rate is pretty low. I'm not sure they do at this point.

Ideal candidates would be those who can afford to pay a little more now with the hope of long-term savings down the road, helped out a little by the tax savings on the initial investment.

Once they file for an extension one year, it sort of becomes a habit. I know people who do it regularly who don't have any particular reason they couldn't have had their information together by April 15.

By splitting up a large distribution and taking part in December and part in January, you may avoid moving to a higher tax bracket in either year, and keep more of your Social Security benefits from being taxed as well.

There are a lot of little wrinkles as to how exclusive the use of the office has to be.

No self-respecting tax practitioner would sign on to any of these.

This is because they're viewed as prepaid interest.

He's been pretty consistent in wanting to make the cuts permanent.

People are generally pretty good at keeping track of things they write a check for but they're a little sloppier with the $5 they put in the collection basket at church or give to the organization on the street. A lot of people also fail to keep track of non-cash donations. They drop things off at Goodwill without making an inventory of what they gave.

In spite of all the talk about simplicity, in fact the tax code has gotten more complicated every year.

I think it will pass this year.

Because of the AMT, some people are not able to take advantage of the tax cuts that Bush made available.

Congress failed to extend the exemption increase into 2006. I think they still intend to do that, just retroactively.

I can't tell you why there hasn't been a hue and cry about this. Maybe it's just because the baby boomers aren't quite old enough to be affected by it yet.

The odds of winning the grand prize are less than one in 146 million, but it's a sure bet that if you do win a big jackpot, you're going to also have a big tax bill, with more than one-third of your winnings going to the IRS.

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