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Old 04-11-2007, 02:31 PM
rohjoh rohjoh is offline
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Join Date: Jan 2005
Posts: 771
Default Re: official 2006 tax brags and beats

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[ QUOTE ]
Account called last night, and gave me worst case:
Beat:
$145,000 Federal
$35,000 State
Not to mention I mailed a 6K property tax bill in last night.

Variance: Do not have the cash to pay the taxes, not even close.

[/ QUOTE ]

Beat: you're BUSTO because of uncle sam
Beat: your CPA sucks and/or too much of a straight arrow
Variance: you can get a new accountant?

[/ QUOTE ]

This is worst case, I am sure my CPA will get these numbers down, but there is only so much you can do. Once you earn over the AMT limits, your deductions start to go away.
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