Reply to thread

Message

<blockquote data-quote="Retired Educator" data-source="post: 322926" data-attributes="member: 3373"><p>^^^^^ Pretty sure that is correct. The accountant only signed that it is correct from the information provided. Have no problems with the accountant I use but he is very clear that he will not file a return that he knows is untrue. The bad side for me is that virtually all my income is salary type and once the house loans etc. are paid off, kids are out of the house and on their own, most of my deductions dried up so&nbsp; pretty hard to fudge much. Did have some farm expenses as I was a 4-H farmer, still am, but I never saw much sense in buying something for a deduction unless I could make money off that purchase. When you're a small time farmer, owned land and rented it out, expenses don't account for much at the end. Had a guy tell me once, &quot;Don't complain about paying income tax, at least you're making money.&quot; that's true but do they have to take so much?</p></blockquote><p></p>

[QUOTE="Retired Educator, post: 322926, member: 3373"] ^^^^^ Pretty sure that is correct. The accountant only signed that it is correct from the information provided. Have no problems with the accountant I use but he is very clear that he will not file a return that he knows is untrue. The bad side for me is that virtually all my income is salary type and once the house loans etc. are paid off, kids are out of the house and on their own, most of my deductions dried up so pretty hard to fudge much. Did have some farm expenses as I was a 4-H farmer, still am, but I never saw much sense in buying something for a deduction unless I could make money off that purchase. When you're a small time farmer, owned land and rented it out, expenses don't account for much at the end. Had a guy tell me once, "Don't complain about paying income tax, at least you're making money." that's true but do they have to take so much? [/QUOTE]

Verification

What is the most common fish caught on this site?

Reply to thread

Recent Posts

Friends of NDA