Thanks. I was afraid of that. The answer to any tax question seems to be: Yes and no; it depends on _______ (fill in the blank with enough IRS gibberish to give me a headache.)
I stopped using a CPA, when I found I paid better attention to details, than an expensive and highly recommended tax preparer.
As always, my motto is, "Assume nothing, trust no one, check everything. Then, tommorrow, check it again, as it may have changed." Today, I checked to see if the rules on estimated payments had changed. They had. For some inscrutable, bizarre, absurd reason, the IRS changed the % of last year's taxes that I have to pay this year, to ensure no penalty, from 108.6% to 112%. Where the hell did they come up with 108.6%? It's probably the sum of the ages of the grandchildren of the Treasury Secretary, or some other equally valid reason. And why change it to 112%? Maybe because the grandkids got older? Arrrggghhhhh.
Rest assured, when I get audited, I won't tell them you were my tax advisor. I can imagine the response, if I tell the IRS auditor, "Well, I was talking to this guy on the internet, on a stock board, no I don't know if his name really is Sam, and he told me......." |
