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Non-Tech : Enhancing Profits Through Incorporating
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To: Little John who wrote (77)4/2/1997 2:34:00 AM
From: Thomas K. Hatfield   of 88
 
John - - Your question is good with April 15 just two weeks away. If I was preparing the returns I would take a deduction for those expenses if there were any personal trades or a personal portfolio and I would be willing to argue that if no personal transactions the deferral of income to a cash basis taxpayer is not reason to deny the deduction; the tax law does not require the matching of income and deductions for cash basis taxpayers (except in certain cases).

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Your own CPA should be consulted as only he is fully aware of your situation.
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