The good old days were when...

[veritas]

The client brought in all the medical bills at year end in a bag and you had to figure out what they paid for the big medical deduction only limited by 2% of AGI.

When they brought in all the Sears and JC Penney statements so you could add up the interest to deduct for the year. Not to mention Texaco, Standard, Atlantic Richfield.

When they didn't worry about giving you stock sales for the year. Heck I don't think I had a single stock sale in the 70's.

When you had to get the prior 5 years tax returns so you could do income averaging. Or was it four? Doesn't matter they could never find them.

When you used sum of the years digits for depreciation. Some kinda finger thing?

Adding up gallons of gas to deduct excise tax?

When a log meant cutting down a tree and doing something useful with it.

Casualty losses when the only floor was $100 and everybody had a casualty.

Investment Tax credit. Loved it! IRS hated it!

[BOB W]

???????

Many in this board don't know what you are talking about, just us old timers.

[S T]

Some More

Save all the receipts so we could add up how much for a sales tax deduction

Wasn't there also a gasoline tax deduction based on mileage?

Yes the prior years returns and income averaging was one of my favorites!

And I am sure there were more, but I have forgotten.

Sandy

[veritas]

Many in this board don't know what you are talking about, just us old timers.

They don't know what the missed out on.

[Bird Legs]

Good Old Days

Back in the early days a client walked in to the office carrying a big paper sack full
of receipts, wanting me to add up the sales tax paid. Told him I would be glad to for
a fee of $100. per hour. He immediately stated that he thought he could do that.