IRS, Tax related strategies--Traders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : IRS, Tax related strategies--Traders

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Hua who wrote (549)	11/10/1998 9:33:00 AM
From: mod	of 1383

Tom, Kaye probably can't say this, being sworn to uphold the Constitution and the Internal Revenue Code etc., but I'm not a lawyer or accountant so nobody keeps an eye on me. If there are no tax consequences, ignore the wash sale rule and just report it the easier way. Why on earth would the IRS challenge you? If there is no tax due, why would they bother? And what could they do to you? If there are no taxes due, they can't collect any penalties or interest either. Maybe Kaye can't advocate this position, but can you confirm the consequences? Are there any obscure IRS penalties for paying the right amount of taxes with a wrong filing? Dennis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next