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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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