NT / Helpful hints from client

[RitaB]

Mr. LateAsUsual just dropped off his stuff (already), and he has in his DIRECTIONS TO ME that IRS is allowing taxpayers to deduct health insurance premiums for self-employment tax purposes this year.

You don't say...

He also informed me that this deduction is HIDDEN on line 3 of Schedule SE.

Gee, it's a good thing I have this guy. You know, because I haven't looked at a 2010 Schedule SE until just now. And, it was ALL THE WAY down there on line 3 and all...

[JG EA]

Ha! Love it. We need one of those good answers from board members. I can only think of:

"Let me write that down!."

[Jiggers]

Ha! Love it. We need one of those good answers from board members. I can only think of:

"Let me write that down!."

I would pull out my TaxBook and go to the specific page and show him the same thing.

[Lion]

Yes

I usually say, "Yes."

[JohnH]

Maybe the response should be:

"I'm betting you just came from your hairstylist appointment, didn't you?"

[Jesse]

Ha! Love it. We need one of those good answers from board members. I can only think of:

"Let me write that down!."

I like this come back!

[RitaB]

Reminds me

I was reminded of the year of the phone tax rebate. I got about 25 articles from clients about it. Nevermind that they sold $50,000 in stocks and knew nothing about the basis.