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To: pcstel who wrote (60355)12/18/2012 5:11:22 PM
From: LLCF  Respond to of 71588
 
Dude! You are changing you story now. Before it was just interest and Capital Gains, and you didn't keep receipts. Now you are involved with 2 startups,>

Do you know what a startup is?? Right now it's 4 of us... there is nothing but "burn". The "receipts" for the startups are kept by the woman that does all the spending and writes all the checks. I work for nothing and donate capital. Thats' what a start-up is... it's all in our head dude... try one sometime if you get a chance... its' pretty cool! LOL.. now of course the startups have (the same) accountants... and at the end of the year they'll do their thing... at some point we'll be making money and then they'll have LOTS to do.
My personal money is separate (except my capital contribution of course), I have worthless stock. When we go public you an buy some!

<You claim that you could have been "much more aggressive" with your taxes, but are not. I hate to tell you, but anyone that files tax returns and does not keep receipts to justify your deductions is more than "aggressive", it is "stupidity". >

Re-read... I deduct very little... wife did all that. You're confusing yourself.

<So you are not worried about paying "higher taxes" because your accountants will "take care of it"¿ Well, for many of us, we don't play quite that "loose" with our Federal Tax Documents.>
Get an accountant... they are SO worth the money. Keeps your head clear for real work.

<So while our accountants are aggressive to make sure we take "every legal deduction". They also guarantee that we maintain receipts to verify our deductions. >

Of course... please re-read... no one said differently...

DAK



To: pcstel who wrote (60355)12/20/2012 2:46:13 PM
From: Peter Dierks2 Recommendations  Respond to of 71588
 
Robert Kiyosaki (Author of Rich Dad, Poor Dad) talks in his books about how he invests in all sorts of exotic things and startups. He makes it sound like he is creating wealth. Someone did a fair amount of homework and it turns out that he is overstating his case. He is lucky enough to be allowed into these investments.

RE: ... I'm involved with 2 startup companies and have all of the above in various investments...

It sounds like we have another person trying to sound more important than he is.

So you are not worried about paying "higher taxes" because your accountants will "take care of it"¿ Well, for many of us, we don't play quite that "loose" with our Federal Tax Documents. So while our accountants are aggressive to make sure we take "every legal deduction". They also guarantee that we maintain receipts to verify our deductions.

Written like a successful businessman. It is interesting how language reveals more about people than they ever know. You clearly understand what you must about taxation and the sections of the law that benefit you to know.