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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Webster Groves who wrote (60846)2/28/2006 9:43:44 AM
From: Tommaso  Read Replies (1) of 206319
 
I think you are correct. You show me a tax expert who really understands foreign tax treaties, return of capital payments, adjusted basis, tax treatment of foreign taxes withheld in IRA accounts, ditto for cash accounts, oil depletion, allocable investment expenses, and so on, and I will show you someone who will charge about $2,500 to do your tax return. Now if you are making a million dollars a year, you want someone like that. I mean MAKING, as income, a million a year.

But actually if you use the guidelines provided by many companies and funds and use TurboTax, you get it gone for about $40 instead of $2,500.

Like you, I am really tired of hearing about how I have to "consult an expert."

I bet not one "tax expert" in a hundred understands marking to market commodity contracts and the 40/60 ratio of long and short term gains or losses.
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