I answer tax questions for Tax Act. I want to offer advice on preparing returns that will legally entitle you to take the most deductions to save you dollars. I want you to learn how to do returns with all your investment income and investment deductions properly entered. This encompasses many areas all of which I have taught in advanced and basic tax seminars over a period of 15 years. I do not prepare partnership, corporation or trust tax returns. I do not do 1031 exchanges, bankruptcies, foreclosures, or repossessions. Some broad areas are:

• Amending tax returns, Form 1040X and state amendments
• Interest
• Dividends
• Bonds
• Nontaxable Interest and Dividends
• Rentals
• Not-For-Profit Rentals
• Part Personal Part Business Rentals
• How to take a loss on annuities, if you cash them in early.
• Sale of Stock
• Basis of Stock
• Wash Sales (Where the IRS does not allow you to take a loss if you buy, acquire or enter into a contract or option to acquire substantially the same stock within 30 days.)
• Investment Interest Deductions and Investment Expenses
• Reporting Schedule K-1s on your tax return
• Day Trader Requirements, including taking all losses because reported as business loss rather than capital loss
• Extensions, Form 4868
• Additional 2 month Extension
• Basis of Spun Off Shares of Stock
• Wash Sales
• New Depreciation
• Section 179 deductions
• Real Estate Life of assets now 5 year, 15 year, and 27 1/2 year property. The shorter life you use the bigger the deduction.
• Real Estate Repairs v Capital Improvements
• Attaching a Statement to Schedule D so you don't have to list all 500 Trades

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If you prefer you may contact me via Ingenio Mail. An Ingenio Mail response will typically be returned within 24 hours. The fee schedule for answering Ingenio E Mail inquiries is as follows (Based on the amount of time spent determining and formulating the response):
* $10 - $15 (Involving a relatively brief explanation)
* $16 - $21 (Involving some research or a moderate degree of explanation)
* $22 - $50 (Involving extensive research or a lengthy explanation)