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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: sepku who wrote (24918)11/28/1997 4:21:00 PM
From: Pullin-GS  Respond to of 61433
 
I prefer dropping a stack of 1000 trade slips on my CPA's desk.

I don't trust CPAs....No offence to anyone here who is a CPA, but I have talked with several, considering using them. I went in educated on tax law (I contract 1099 and contract W2, as well as have short/long term investments, and property rental income and property maintanance expenses. Child care deductions, elderly care deduction for grandmother who lives in my wife's home). And the usual property taxes and mortgage on my primary residence. I know tax law OK.
Anyway I walked away with too many questions un-answered or answered incorrectly/conservatively (yes, it may be legal, but my CPA would not do it). I just take about a week out of every year and do it myself ANNUALLY. I make quarterly payments for my 1099/short-term investment stuff based on the previous year's income, and pay W2 taxes every pay-check. So far so good. My wife works for the IRS, so our return must be squeaky-clean.

Quicken serves as a nice ledger for all my trades. I do not use it to track my stocks. Quicken stock tools are just a toy for the yuppy I-made-a-trade-in-the-newest-hot-stock types. I primarily trade online using Castle/E*Tard, and enter the trade in Quicken the moment I get confirmation. Quicken cant compare to all stock tools I use.

Regards, Paul