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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Misic who wrote (2133)4/11/1999 10:29:00 AM
From: Gorak Shep  Respond to of 5810
 
He thinks if he rolls his AOL gain into another stock within 6 months, he pays no tax on the gain ever. He insists his tax advisor says this is so even though the stock was not in a IRA

Does he pay this tax advisor for this wonderful advice? Will his tax advisor pay his penalties if the advice is wrong? (as it so obviously is in this case)

I guess some people will believe anything if it is to there benefit.



To: Steve Misic who wrote (2133)4/11/1999 5:14:00 PM
From: Colin Cody  Read Replies (3) | Respond to of 5810
 
There are lots of con-artists out there. I'm thinking of signing up to have a tax-haven situs set up for me as an ambassador (cost $5,000) or other official foreign diplomat (range from $2,500 to $4,000) of Mouogwaaogwaa out in the Pacific someplace.

I can then grant sovereign immunity from all U.S. taxes to anyone here for a small political contribution.


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