Thread: Can I do this?
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Old 04-25-2008, 08:25 AM
Scanner Scanner is offline
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m3racer,

My suggestion in life is to develop the saying:

"I like paying taxes."

Really. . .try saying it 3x.

Try to avoid getting an accountant who will offer "creative accounting" to get around taxes. Student loan interest is partially deductible so take advantage of that.

I like my accountants to be old, gray-haired, have coke-bottled glasses with one of those accountant calculators that are screwy, and smoke a cigar (male or female Conservative). It's just not worth it. You don't need a young hot-shot accountant coming in, telling you to set up S-corps, now you are paying filing fees and yearly fees, plus 2 different returns, so you can save a few dollars in tax.

And that's exactly what some hotshots will do.

Remember. . .say,

"I like paying taxes." and tell your acct. that while they look at you like you have 2 heads.
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