Message:

<p>[QUOTE=&quot;Rono, post: 203850, member: 6492&quot;]Howdy,</p><p>&nbsp;</p><p>Honest is always the best policy.&nbsp; When dealing with the IRS or dealing with another coin collector.&nbsp; This is not negotiable.</p><p>&nbsp;</p><p>In my dealings with the IRS, I am always honest, and yet I feel very strongly that it is my patriotic duty to LEGALLY minimize my taxes.&nbsp; And I also don&#039;t fret and stew about every single receipt so long as the numbers are realistic and based upon my honest recollection (e.g. charitable raffles and drawings).</p><p>&nbsp;</p><p>Case in point with the boys college expenses.&nbsp; Wifey had some company stock which had appreciated.&nbsp; Rather than sell it and eat the capital gains tax, we GAVE it to the boy and HE sold it.&nbsp; Sure, he had the same capital gains, but his income was otherwise about zero so he didn&#039;t have to pay any taxes, net/net.</p><p>&nbsp;</p><p>Honest and legal.</p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in