14 Quotes by Frank Degen

Always file your tax return on time, even if you don't have the money. The biggest penalty is late filing.

They do it one year and they think maybe no news is good news.

The new rule is much more friendly to taxpayers. Only sales of more than $500,000 for married couples and $250,000 for single people have to be reported. So you don't need to keep records unless you think you home may sell for more than that amount.

It used to be much more advantageous prior to the change (in 1993). There's been a lot more tightening.

The IRS will hold back a part of a refund if the two names don't match.