for those of you who live & breathe taxes


G

Gary Goodman

I know, the subject describes most of us.
You can get copies of the president and vice-president's
tax returns at

www.taxhistory.org

Here's a small challenge:
Find what is missing from Schedule A and where it went.

Gary
 
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H

HW \Skip\ Weldon

Gary Goodman said:
I know, the subject describes most of us.
You can get copies of the president and vice-president's
tax returns at

www.taxhistory.org

Here's a small challenge:
Find what is missing from Schedule A and where it went.
I don't know what is missing, but I found it interesting
that both the Pres and VP sold bonds last year.

Hope everybody has locked into fixed rate mortgages. <grin>

-HW "Skip" Weldon
Columbia, SC
 
D

Dave Buck

Gary Goodman said:
I know, the subject describes most of us.
You can get copies of the president and vice-president's
tax returns at

www.taxhistory.org
Interesting that neither George nor Laura designated $3 to
go to the presidential election fund.
 
C

CBotella

Here's a small challenge:
Find what is missing from Schedule A and where it went!
At a quick glance, I see no state, local or real estate tax
deductions. But I don't know where they went!

Kate EA in PA
 
H

Harlan Lunsford

Interesting that neither George nor Laura designated $3 to
go to the presidential election fund.
Well now; who does?

Really now, does anyone here have any clients who do?
(Why donate and encourage them? lol)

Cheer$,
Harlan Lunsford, EA n LA
 
A

Arthur Kamlet

Interesting that neither George nor Laura designated $3 to
go to the presidential election fund.
They have three years to amend to designate the $3.

But from looking at a 1040X, once they elect to designate
the $3 to the fund, they cannot amend to not designate it.

__
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH
 
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F

Frederick Jorden

Interesting that neither George nor Laura designated $3 to
go to the presidential election fund.
Neither do I nor the vast majority of my clients. I do not
wish to fund the Green Party.
 
G

Gary Goodman

(e-mail address removed) says...
At a quick glance, I see no state, local or real estate tax
deductions. But I don't know where they went!
They both "live" in non-tax states.

Look at Cheney's Schedule A.

Gary
 
M

MTW

Harlan Lunsford said:
Really now, does anyone here have any clients who do?
Approximately 2% of my clients do so.

(In actuality, that statistic represent ONE on my client
list of around fifty. <g>)

MTW
 
F

Frank S. Duke, Jr.

Well now; who does?

Really now, does anyone here have any clients who do?
(Why donate and encourage them? lol)
About the same number who declare their internet an mail
order purchases that were untaxed on their Ohio return under
Ohio use tax.

All freely provided advice guarantee correct or double your
money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA
 
J

Jo Firey

At a quick glance, I see no state, local or real estate tax
deductions. But I don't know where they went!
Just guessing. No income tax for Texas residents. RE taxes
being paid by blind trust that holds their property?

Jo
 
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D

Dave Buck

Well now; who does?
Every other president and first lady whose tax return is on
that site. Except those who didn't have the option (it seems
to have been added between 1970 and 1977).
 
F

Frederick Jorden

Gary said:
(e-mail address removed) says...
They both "live" in non-tax states.

Look at Cheney's Schedule A.
I was able to get to the Schedule A on the Presidents' 03
return after I did a save as of the PDF. It seems that the
server is slooow.
 
F

Frederick Jorden

Just guessing. No income tax for Texas residents. RE taxes
being paid by blind trust that holds their property?
Bush paid Ad Valorum taxes?
 
D

D. Stussy

Here's a small challenge:
At a quick glance, I see no state, local or real estate tax
deductions. But I don't know where they went!
Why would there be for GWB?

He lives in TX, so no state income tax.

He lives in public housing in DC, so no real estate tax there.

It wouldn't surprise me that during a presidency, his
private residence in TX gets classified as either
"government property" (so no property tax) or that the U.S.
government is required to pick up the bill for maintaining
his residence while in office (as part of the WH budget), so
he didn't pay the tax; we did.

As long as we're talking about the highest office, anyone
else catch the article in "Tax Practice" (or any other Tax
Analysts' publication) about Kerry's ~$12K error on the sale
of artwork? Didn't Kerry write the section about
COLLECTIBLES remaining at 28% rate?
 
B

Brian Collie

Gary Goodman said:
I know, the subject describes most of us.
You can get copies of the president and vice-president's
tax returns at

www.taxhistory.org

Here's a small challenge:
Find what is missing from Schedule A and where it went.
Maybe he prepared his own tax return in 2002? :)
 
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J

Joel Berry, CPA

Gary Goodman said:
I know, the subject describes most of us.
You can get copies of the president and vice-president's
tax returns at

www.taxhistory.org

Here's a small challenge:
Find what is missing from Schedule A and where it went.
I'm surprised that no one else noticed that Cheney's tax
prep fees were deducted on Schedule C instead of Schedule A.

Joel Berry, CPA
Sugar Land, Texas
 
G

Gary Goodman

(e-mail address removed) says...
I'm surprised that no one else noticed that Cheney's tax
prep fees were deducted on Schedule C instead of Schedule A.
You and Brian Collie have come the closest. Cheney's tax
prep fees are split between Sch E and Sch C.

I've always left some on Sch A because even without the
activities on Schedules C & E the client still would have to
get his/her tax return done. I'm surprised to see the
Cheneys' preparers take such an agresive stance since they
would have to know that his return would become public.

Gary
 
S

Sassy Baskets

I'm surprised that no one else noticed that Cheney's tax
prep fees were deducted on Schedule C instead of Schedule A.
Perhaps that amount was attributable only to his Schedule C
income. Perhaps he paid no personal tax prep fees, or he
chose not to deduct them, or his preparer missed them. Or
maybe he lost his receipt.

What I'm interested in are the many "Statements" that are
omitted from the file.
 
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M

MoneyDoctor01

Bush's return doesn't have a paid preparer. are we to assume
that the trust company that prepared it is working for free?
 

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