People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
More Quotes from Martin Nissenbaum:
It's when you're due money that it makes the most sense to speed the process. If you can do it, it probably makes sense to use e-filing, if you have a refund coming, ... If you have a balance, I really don't see the attractiveness of it.Martin Nissenbaum
The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.
Martin Nissenbaum
They'll be able to figure it out and they'll send you a bill, plus interest and potentially a penalty. You can't avoid AMT by saying you won't fill out the form.
Martin Nissenbaum
People don't expect it, ... The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
Martin Nissenbaum
Be careful to make sure the condition and age of the car are clearly documented,
Martin Nissenbaum
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