22 Quotes by Mark Luscombe

What's really complex about it is you're going to have to do allocations you've never had to do before.

Ideal candidates would be those who can afford to pay a little more now with the hope of long-term savings down the road, helped out a little by the tax savings on the initial investment.

Because of the AMT, some people are not able to take advantage of the tax cuts that Bush made available.

He's been pretty consistent in wanting to make the cuts permanent.

People are generally pretty good at keeping track of things they write a check for but they're a little sloppier with the $5 they put in the collection basket at church or give to the organization on the street. A lot of people also fail to keep track of non-cash donations. They drop things off at Goodwill without making an inventory of what they gave.

There are a lot of little wrinkles as to how exclusive the use of the office has to be.

Congress failed to extend the exemption increase into 2006. I think they still intend to do that, just retroactively.

People who don't live in presidential-declared disaster areas get help, but not the most help or the quickest. Those in declared disaster areas but not in the Hurricane Katrina-Rita-Wilma areas get more help quicker, while those in the Katrina-Rita-Wilma disaster areas get most.

No self-respecting tax practitioner would sign on to any of these.