I haven't read too much lately that Intuit was
going to be at $24 , $40, or some other ridiculous
price. It's amazing how these naysayers hide themselves
when the stock is doing better than "THEY"
I hope that they stay hidden for some time to come!
>I must be wrong.
questioning yourself. Of course you are.
must not have understood
Now you are on the
>I prefer to remain a ...
I don't think you ever had any other choice.
Sorry. I started out writing to you in the last
memo and ended up writing to Stu. I hit Post Message
before I remembered to change the subject.
that I was going to write to you was that, yes, you
made the right decision. PERIOD. It would take a lot
of finagling to turn your right decision into the
wrong one. It's a credit, not a deduction. Why not take
the larger one as soon as possible? It's likely to
buy more today than tomorrow if you're spending it.
It has another year of compounding available to it
if you're investing it.
I must be wrong. Any CPA who is so
good that he has time to spare for monitoring a board
during his busy season is obviously very fast. It
COULDN'T be that you're blaming Turbo Tax for the lack of
lines at your door, could it?
I thought I knew
people who could: a) fix their own cars, b) tend their
own gardens, c) fix their own plumbing, d) build
their own houses from the foundation up, and even do
their own taxes.
But, I must not have
understood that they were blowing it. We are, after all,
babes in the woods who must call professionals like you
if we want to make it through a day.
state that your a financial advisor. So, I guess you're
rich, eh? Certainly, you're wealthier than your
unprofessional clients. Certainly, you're making more money in
the market than most of us. Certainly, we're all
fools to be handling our own portfolios.
world according to Stu is a curious place where people
huddle in fear and hope for a rescue by a PROFESSIONAL
gardner. Otherwise, duh, they'll weed their gardens of
produce and leave the weeds to grow unmolested.
Otherwise, they'll make terrible mistakes on their tax
returns and either overpay or else serve jail time.
Stu, if the price of wisdom is to see the world as you
see it and to live a life as you evidently live it,
then I prefer to remain a wealthy and capable
BTW, I do hire others -- when they can add value or
when I don't like the task. But, I play my own piano
(even though I am VERY far from professional), make my
own investment decisions, plan my own exercises
(although I wish I could hire a professional to actually do
them), and decide for myself how to live my life. Making
decisions about how to run their lives is what adults do.
If you ever grow up, you'll know that.
parade "professionalism" as a whore parades her body --
with total disregard of the meanings of self-respect,
dignity, and decency. A great body and genuine
professionalism are both things that I fully appreciate. But,
when they are whored away, they lose all their virtue
and become merely sad.
Stop selling yourself
and your "profession." It's cheap. Respect the
purpose of this board, to discuss Intuit and its
Now, do you have anything relevant to say about
Intuit? No? I didn't think so.
>I took the HOPE last year. How did I
Like so many things regarding income taxes, the
answer is: It depends.
The answer to that
question requires me to look beyond the current year
(something to which our friend Myth strongly
Generally, if we are talking about one child and
if you were able to take the maximum credit (1,500)
and if your tax situation will remain largely
unchanged in the following year, you may have made the
Question: If you had been over
the AGI limit, is the credit simply lost? Just
something else to ponder...
"Just for fun here's another: You paid tuition
this year for your child. TurboTax will ask if you
want to take the Hope or Lifetime learning credit. Do
you KNOW which is the best to take in the current
I took the HOPE last year. How did I do?
>Don't you think that most people can
determine what they are due for those categories just by
going through TurboTax
>Give me a break Stu2j. You must think everyone but
yourself is stupid!
It's not that they are
stupid. I don't fix my car. If I attempted it and screwed
something up, it doesn't make me stupid. It means that I
should have sought help.
I can give a simple
You buy into a Real Estate partnership that your
broker recommended and get a K-1 that shows a real
estate loss and a low income housing credit.
this a passive activity? Why does that matter? Does it
matter if it is a publicly traded partnership? What is a
tax shelter registration number and why does it
matter? Are you entitled to the loss or the credits? Are
these pre 90 or post 90 credits? Why does that matter?
Which forms and/or schedules are you required to file?
What happens if the loss and/or credits are
A simple K-1 reporting just two numbers just got
fairly complicated didn't it? I hate to be the one to
break the news to you but TurboTax doesn't handle this
issue very well.
Just for fun here's another:
You paid tuition this year for your child. TurboTax
will ask if you want to take the Hope or Lifetime
learning credit. Do you KNOW which is the best to take in
the current year?
Do you want to keep
>You are probably the kind of person who pulls
up or cuts down your wife's newly planted flowers
because you couldn't tell the difference.
quite, I do that intentionally.
explain this? (the usefulness of CPAs)
obvious to those of us who are professionals, but I can
see where someone just claiming to be a professional
would have trouble understanding this.
"There are millions of taxpayers who will screw
up the best possible treatment of the education
credits, child exemptions, student loan interest, child
tax credits, child care credits, rental property
sales, IRA distributions, and the list goes
Where did you get that statistic?
think that most people can determine what they are due
for those categories just by going through TurboTax
and reading the explanations for those categories?
Give me a break Stu2j. You must think everyone but
yourself is stupid!
>Perhaps I should employ professional
landscapers to pull the weeds in my yard.
analogy. You are probably the kind of person who pulls up
or cuts down your wife's newly planted flowers
because you couldn't tell the
>Interesting enough, TurboTax is used by the five CPAs which I
That's excellent. It is an excellent program. I
use Pro Series myself. The difference is that they
know HOW to use it.
>To those unable to keep
records, CPAs are useful.
Care to explain
>When tax law gets too complex, a tax attorney
hyped up bookkeeper, should be consulted.
does all this negative sentiment come from? "Hyped up
bookkeeper"? What a laugh.