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NT / Helpful hints from client

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    #1

    NT / Helpful hints from client

    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...
    If you loan someone $20 and never see them again, it was probably worth it.
    Tags: None
    #2
    Ha! Love it. We need one of those good answers from board members. I can only think of:

    "Let me write that down!."
    JG

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      #3
      Originally posted by JG EA View Post
      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.
      Jiggers, EA

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        #4
        Yes

        I usually say, "Yes."

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          #5
          Maybe the response should be:

          "I'm betting you just came from your hairstylist appointment, didn't you?"
          Last edited by JohnH; 10-12-2011, 12:17 PM.
          "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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            #6
            Originally posted by JG EA View Post
            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!
            http://www.viagrabelgiquefr.com/

            Comment

              #7
              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.
              If you loan someone $20 and never see them again, it was probably worth it.

              Comment

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