[SK in CV]

[quote=DataAgent]>>> Palin/Rush 2012 <<< A conservative's dream ticket! [/quote] And every Democrat's wet dream.

[SK in CV]

[quote=DataAgent]>>> Palin/Rush 2012 <<< A conservative's dream ticket! [/quote] And every Democrat's wet dream.

[SK in CV]

[quote=DataAgent]>>> Palin/Rush 2012 <<< A conservative's dream ticket! [/quote] And every Democrat's wet dream.

[SK in CV]

[quote=DataAgent]>>> Palin/Rush 2012 <<< A conservative's dream ticket! [/quote] And every Democrat's wet dream.

[SK in CV]

BS

There may be some circumstances where divesting a retirement plan “might” be required. They “might” require you to name your first child Earwig. The latter is only slightly less likely. But lenders do not have a an absolute rule that requires divestiture for all mods. I haven’t dealt with all of them, but enough to go out on a limb and say that no lenders have any requirements for all loans even vaguely similar to that.

[SK in CV]

BS

There may be some circumstances where divesting a retirement plan “might” be required. They “might” require you to name your first child Earwig. The latter is only slightly less likely. But lenders do not have a an absolute rule that requires divestiture for all mods. I haven’t dealt with all of them, but enough to go out on a limb and say that no lenders have any requirements for all loans even vaguely similar to that.

[SK in CV]

BS

There may be some circumstances where divesting a retirement plan “might” be required. They “might” require you to name your first child Earwig. The latter is only slightly less likely. But lenders do not have a an absolute rule that requires divestiture for all mods. I haven’t dealt with all of them, but enough to go out on a limb and say that no lenders have any requirements for all loans even vaguely similar to that.

[SK in CV]

BS

There may be some circumstances where divesting a retirement plan “might” be required. They “might” require you to name your first child Earwig. The latter is only slightly less likely. But lenders do not have a an absolute rule that requires divestiture for all mods. I haven’t dealt with all of them, but enough to go out on a limb and say that no lenders have any requirements for all loans even vaguely similar to that.

[SK in CV]

BS

There may be some circumstances where divesting a retirement plan “might” be required. They “might” require you to name your first child Earwig. The latter is only slightly less likely. But lenders do not have a an absolute rule that requires divestiture for all mods. I haven’t dealt with all of them, but enough to go out on a limb and say that no lenders have any requirements for all loans even vaguely similar to that.

[SK in CV]

The home office thing is a crock.

In order for expenses to be legally deductible, they must be directly related to the business. If you’re actually incurring the expenses, then the tax savings would only be a portion of the expense. You end up with LESS money even if the expense is deductible.

There might be a minor savings for auto expenses, if the mileage allowance for REAL business mileage is more than it actually costs you to operate your car.

The home office deduction, in order to qualify (again, legally) must be related to a room or area of your home that you use exclusively for that business. Not a room (or area) that you also use for other things. So if you have an office that you also use for your personal stuff, no deduction. Or if it’s sometimes used as a guest room, no deduction. And even if you do have an area you use exclusively for that business, the extra deduction it generates will more likely than not be very small.

It never makes sense to spend real dollars to generate a tax deduction with roughly a maximum of a 40% (in california) tax savings.

[SK in CV]

The home office thing is a crock.

In order for expenses to be legally deductible, they must be directly related to the business. If you’re actually incurring the expenses, then the tax savings would only be a portion of the expense. You end up with LESS money even if the expense is deductible.

There might be a minor savings for auto expenses, if the mileage allowance for REAL business mileage is more than it actually costs you to operate your car.

The home office deduction, in order to qualify (again, legally) must be related to a room or area of your home that you use exclusively for that business. Not a room (or area) that you also use for other things. So if you have an office that you also use for your personal stuff, no deduction. Or if it’s sometimes used as a guest room, no deduction. And even if you do have an area you use exclusively for that business, the extra deduction it generates will more likely than not be very small.

It never makes sense to spend real dollars to generate a tax deduction with roughly a maximum of a 40% (in california) tax savings.

[SK in CV]

The home office thing is a crock.

In order for expenses to be legally deductible, they must be directly related to the business. If you’re actually incurring the expenses, then the tax savings would only be a portion of the expense. You end up with LESS money even if the expense is deductible.

There might be a minor savings for auto expenses, if the mileage allowance for REAL business mileage is more than it actually costs you to operate your car.

The home office deduction, in order to qualify (again, legally) must be related to a room or area of your home that you use exclusively for that business. Not a room (or area) that you also use for other things. So if you have an office that you also use for your personal stuff, no deduction. Or if it’s sometimes used as a guest room, no deduction. And even if you do have an area you use exclusively for that business, the extra deduction it generates will more likely than not be very small.

It never makes sense to spend real dollars to generate a tax deduction with roughly a maximum of a 40% (in california) tax savings.

[SK in CV]

The home office thing is a crock.

In order for expenses to be legally deductible, they must be directly related to the business. If you’re actually incurring the expenses, then the tax savings would only be a portion of the expense. You end up with LESS money even if the expense is deductible.

There might be a minor savings for auto expenses, if the mileage allowance for REAL business mileage is more than it actually costs you to operate your car.

The home office deduction, in order to qualify (again, legally) must be related to a room or area of your home that you use exclusively for that business. Not a room (or area) that you also use for other things. So if you have an office that you also use for your personal stuff, no deduction. Or if it’s sometimes used as a guest room, no deduction. And even if you do have an area you use exclusively for that business, the extra deduction it generates will more likely than not be very small.

It never makes sense to spend real dollars to generate a tax deduction with roughly a maximum of a 40% (in california) tax savings.

[SK in CV]

The home office thing is a crock.

In order for expenses to be legally deductible, they must be directly related to the business. If you’re actually incurring the expenses, then the tax savings would only be a portion of the expense. You end up with LESS money even if the expense is deductible.

There might be a minor savings for auto expenses, if the mileage allowance for REAL business mileage is more than it actually costs you to operate your car.

The home office deduction, in order to qualify (again, legally) must be related to a room or area of your home that you use exclusively for that business. Not a room (or area) that you also use for other things. So if you have an office that you also use for your personal stuff, no deduction. Or if it’s sometimes used as a guest room, no deduction. And even if you do have an area you use exclusively for that business, the extra deduction it generates will more likely than not be very small.

It never makes sense to spend real dollars to generate a tax deduction with roughly a maximum of a 40% (in california) tax savings.

[SK in CV]

Those three choices aren’t possible.

If the couple is married, they must file as a married couple, either jointly or separately. If they’re not married, they can only file as single. (There are some rare extenuating circumstances where this isn’t true.)

If they have no other income and no significant other deductions, and these options were all available, the difference between the three would be less than my minimum consulting fee.

You now owe me $250.

[Author]

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