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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (137130)7/28/2008 5:01:42 PM
From: XBritRead Replies (2) | Respond to of 306849
 
Cool. Long as you have confidence in him.

I had several days of dealings with IRS agents a few years back, something about shorting in Canada and the Anthony@Pacific site.

While I was proving that everything was fully declared and 100% legal, I pretty much had to do the basic accounting for them. They made so many mistakes, their first attempt showed me with a high 6-figure amount of undeclared profits. We had it down to the correct number (zero) after a few days of forensic error correction on my part. They had some problems understanding that shorts and longs can cancel out.

BTW, anyone know if Elgindy is out of jail yet?



To: MoneyPenny who wrote (137130)7/28/2008 7:13:29 PM
From: bentwayRespond to of 306849
 
I had a really great tax accountant for a while. He was really old, and I think he knew the exact limit of the lies he could tell the IRS without setting any alarms off.

A guy I worked for had TWO tax accounts, Dudley Dooright and Snidely Whiplash. He'd have them both do returns, then he'd do his own merge.


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