[Direct debits and credit-card charges are one-time only.] As a legal matter, they can only withdraw what's owed, ... But some people are still paranoid about this. |
[It's when you're due money that it makes the most sense to speed the process.] If you can do it, it probably makes sense to use e-filing, if you have a refund coming, ... If you have a balance, I really don't see the attractiveness of it. |
Be careful to make sure the condition and age of the car are clearly documented, |
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. |
Congress wised up to that. They weren't going to let people slam money into those |
Everything you say can give the agent an idea about something. |
Have your records tied up as neatly as possible, so you're not shuffling through records, |
I'd say it's a pink flag, not a red flag. It's not necessarily going to get you audited, but you have to be careful. |
If you have a car you want to donate, do it this year. |
If you're in a gain position at the end of the year, you have to recognize the gain, |
In Florida, there is no income tax but there is an intangible tax, so they will be able to deduct both. |
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. |
It's always a better idea to fess up with the IRS, |
It's always a better idea to fess up with the IRS. |
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. |