HotelDel DownTown Sunset

 

 

Chocolate Easter BunnyGreetings from Jennifer Ross -  Realtor

 

With Easter coming soon,  I was contemplating whether or not to make Easter baskets for my kids who are no longer kids!  These days I'm all about simplicity so I've opted for a giant chocolate bunny and maybe some peeps! 
 
When I was a kid my fondest memories of Easter were spent at our family vacation home in Carlsbad.  My four brothers and I woke with eager anticipation of the bunnies arrival!   My Dad walked us all down to the beach where we would hunt for crabs on the rocks.  Miraculously, when we returned home Mom announced that the Easter Bunny had visited!  There were eggs hidden all over the yard and inside the red geranium bushes.  The hunt was on!

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The Winner of This Week's Drawing Is...   

 

Ron and Todd Lee!
Ron and Todd have won a $50 Cohn Restaurant Group gift card. 

 

The next drawing will be in a few weeks... ..

 

 

Craziest Tax Deductions For 2011

 

 

Here's BankRate.com's annual installment of the year's craziest, laughably outrageous, utterly true tax deduction tales, culled from the seasonally imbalanced minds of certified public accountants from across the land, some of whom requested anonymity.

  

Past forays into tax return weirdness turned up some very naughty behavior indeed as desperate taxpayers sought to slip past the taxman everything from breast implants to barking security systems and an expensive "time monitoring system" made by Rolex.

  

Does it count if I wrote the checks in there?  Home office deductions continue to entice would-be tax evaders. The rule: Improvements to the office portion itself are deductible; improvements to the rest of the house may be

reimbursed based on the percentage of total square feet devoted to the office.  But one of Sibley's clients had other plans.

  

"The most troubling return was a lady that was self-employed who demanded that she get to deduct more than $30,000 she had paid in remodeling her home," says Sibley. "The only trouble was, the area that was remodeled did not include her actual home office."

  

Wholly unholy travel expenses - Dallas CPA Ken Sibley has represented his fair share of country preachers over the years, pious seekers who, for the most part, hewed closely to the path of righteousness. Then came one holy man whose travel and entertainment expenses sought the off-road shortcut to tax savings.

  

"The minister, new to us, wanted to take travel and related costs incurred when the full family traveled the country looking for real estate investment property," Sibley says. "But none was ever found, and none had been purchased for the past several years."  Maybe he was searching for the promised land.

  

I'm just a giving kind of guy - Ah, the wedding tale! This nondeductible expense ploy pops up every year in different guises, sort of like those bridesmaid gowns that come in colors not found in nature that you'll never wear again. Most try to squeeze that $50,000 whopper into business travel and entertainment, or T&E, expenses ("Hey, I invited my clients!"), but some just want it any way they can get it.

  

"I had a client who insisted on deducting the cost of his wedding," says a Massachusetts CPA. "He could not understand why this was not deductible, and I could not understand where he expected to record it. As a charitable donation? Like he was nice enough to marry her?"

  

What would Tony Soprano do? - Sometimes tax preparation can involve some off-the-books negotiation, as Don Meyer of the New Jersey Society of CPAs relates.

  

"The manager and family member of a famous entertainer recommended the purchase of a $2 million building for office and production space, confident that it would be a $2 million write-off for tax purposes that same year," Meyer says. "When the manager found out the truth -- that it would take over 30 years to recover the expense -- the manager was upset, embarrassed and agitated.

  

"At one point in the drama, a suitcase with a very significant amount of cash appeared as incentive for the accountants to somehow 'make it work.' The suitcase full of money was refused and the extravagant claim never made it onto the tax return -- at least not the one the accountants prepared before they resigned the account!"

  

A little off the top -- of my taxes - Some taxpayers just get a wild hair when it comes to shaving their tax burdens.

  

"I was preparing a tax return for a state trooper who was trying to deduct everything under the sun," says another Massachusetts CPA. "He had listed haircuts as a deduction. I asked him why he thought haircuts were deductible. He replied that his hair had to be cut short as a requirement of his job."  "I responded that your employer probably requires daily bathing, too, but you can't deduct the soap."

  

He'd better be a doctor or a porn star - The self-employed sometimes take liberties with the dues and subscriptions deduction, as this Massachusetts CPA found out by accident.

  

"A self-employed real estate professional had thousands of dollars in dues and subscriptions. When we reviewed the details of the account, the client was trying to deduct some personal subscriptions to adult magazines. We convinced the client to treat those items as a nondeductible personal expense."


No more Superman comics for you - What good are tax codes if they stand in the way of saving all mankind?

  

"A member of my church wanted to confirm that he would be able to take a tax deduction for his donation of sperm to a sperm bank," recalls a Massachusetts CPA. "He was about to have prostate surgery and he feared he might be impotent afterward, so he wanted to preserve his sperm for future generations."

  

"His reasoning was that the gift of his sperm was such a value to humankind that he should surely be able to take a tax deduction for it."

  

A public relations scandal - "A call girl who wanted to report her income so she won't get in trouble with the IRS told her accountant her occupation was in public relations," Meyer says.

  

Well, they both involve billable hours...

 

 

Easter Jokes 

 

What do you call a bunny with a large brain?
An egghead.


What do you call ten rabbits marching backwards?
A receding hareline.


Why did the magician have to cancel his show?
He'd just washed his hare and couldn't do a thing with it.


What did the rabbit say to the carrot?
It's been nice gnawing at you.

 

As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.
 
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Acedemic Earth 

 

Jennifer Ross

 

Experience Counts!
Over 21 years in
Real Estate sales
Serving all of San Diego

 

Office: 800.913.7677
Direct: 619.985.7340
JennRossRealtor@gmail.com

 

 

 

 

Current Mortage Rates

 (BankRate.com weekly avg)

 30 yr fixed: 5.08%

15 yr fixed: 4.27%

 

 

 

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