title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Wednesday, November 15, 2006
 
From the Free WSJ:

 

Democrats May Eliminate IRS's Use of Collection Agencies – An uncharacteristically taxpayer-friendly move for the Dems.

 

Home-Office Deductions Have a Steep Price Tag – What is often more important than the amount of the actual home office deduction is the fact that establishing one’s home as the primary business location allows otherwise nondeductible commuting miles to qualify as fully deductible business miles.  I have frequently seen this extra mileage deduction be huge compared to the home office deduction itself. 

 

Putting Your Mortgage in Reverse To Supplement Retirement Funds – Real estate equity is just as valuable for retirement living as is cash in the bank.  This is frequently overlooked when evaluating how much people have “saved” for their retirement years.

 



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