Deducting your state tax is not as simple as it sounds
So, you know, California is a high income tax state as far as deducting state taxes is a big, big, big no-no.
As far as what he’s mentioning about, you know, the whole tax system being a gray area. I mean, there’s rules and practitioners gonna either follow the rules or not. And there was a study done where they had like maybe five or six accountants that were sitting at a table and. All the tax returns were prepared differently.
Yeah, it is based on interpretation, but there’s rules and you have to follow the tax code.
Leave a Reply