Martin Nissenbaum Quotes (14 Quotes)

The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.

Be careful to make sure the condition and age of the car are clearly documented,

It probably doesn't make sense to postpone making the extra deductions because even in a high state-tax situation the federal benefit still outweighs the state cost.

It's always a better idea to fess up with the IRS.

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.

But because traders tend to trade so frequently, those aren't major disadvantages, ... And the advantage of being able to deduct all of your losses is very attractive.

States with no income tax complained that their taxpayers were at a disadvantage, so now everyone has the choice of deducting sales or income tax,

Congress wised up to that. They weren't going to let people slam money into those

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.

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.

Everything you say can give the agent an idea about something.

People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.

Direct debits and credit-card charges are one-time only. As a legal matter, they can only withdraw what's owed, ... But some people are still paranoid about this.

In Florida, there is no income tax but there is an intangible tax, so they will be able to deduct both.