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Letter "J" » John Battaglia Quotes
«In the end somebody is going to have pay more tax.»
Author: John Battaglia
«Anything that's relevant to your tax return I would keep until six years after you file, and I would keep copies of the tax returns themselves as long as possible.»
Author: John Battaglia
«It doesn't matter what you spend that loan on. You can go out and borrow $100,000 against your home, spend it on anything, even a vacation - and you can deduct the full amount of interest you pay on that loan.»
Author: John Battaglia
«Say you have this stock that has a $10,000 short-term loss and you're in a position where you already have a net loss for greater than $3,000. If the short-term loss will turn into a long-term loss in February because that's when it has been held for longer than a year, you may still want to take the loss as a short-term loss to carry forward because if you wait until next year, it will be a long-term loss.»
Author: John Battaglia
«If the price of the stock drops, you could owe more in taxes than the value of the stock.»
Author: John Battaglia
«If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly. That's about the cost of the wedding.»
Author: John Battaglia
«Proper planning can save dollars.»
Author: John Battaglia
«If you're getting a significant refund, you're probably withholding too much and you're giving the government an interest-free loan.»
Author: John Battaglia
«[If you're thinking of eloping over the holidays, you may want to consider the tax consequences of ending 2001 as a couple (romantic, isn't it). Although some accountants will tell you that the IRS doesn't keep track of your exact marriage date, technically you are required to file a joint return for this year. For some couples, particularly those with big differences in their income, filing jointly can be advantageous. If a husband and wife each make a lot of money, however, they are apt to pay more in taxes than they would on their own.] If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly, ... That's about the cost of the wedding.»
Author: John Battaglia
«They'll end up having to pay interest and penalties based on that income which they should have reported.»
Author: John Battaglia
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