I think they audit you once and then follow up the next year. Particularly if they find anything.

the audit surrounds my stock options...

The IRS wants me to claim the option at full sale price like lets say 240 shares at $40.00.

Well it is an option so I only own $24.00 of that not all 40.00!!! So instead of $9,000 I only get $5760 which once taxes are taken it is more like $3000 if you are lucky... (just an example)

So I get this letter saying I owe like 50k and I about flip out...

With my tax guy being a MORON he never filed it all that accurate! WTF..

Needless to say it was a big pain in the ass and you are right... they will audit you a few times after the 1st one...

dont finance for 30 years.

I sat down and ran some numbers recently, and based on recent trends in college costs, I should be saving between $900 and $1,400 a month if I want to pay for 100% of my kids college. So ya, tax return may end up in their 529 accounts.

So do you have to file ammended returns with the correct information or what?

Who was your tax guy and why the **** can he not do taxes?

maybe you don't know how much my house cost on a 15

I looked at my paycheck today, and it it's interesting. About 35 percent of my gross went to taxes and another 17 went to my IRA, so I got home with less than half my gross pay.

17 eh? Nice. How much do they match?

Well, it depends. For people that are regular wage earners and the house is going to be their only major purchase in their lifetime and they are comfortable with the costs of money as long as they can make the payments, it isn't that bad of a deal.

You have to worry about ROI, most regular homeowners don't. And depending on life goals, that can be OK.

maybe it doesnt really matter. maybe you spent more than you could REALLY afford.

Fixed.

How do you know what I can afford? I just don't enjoy paying interest.

i didnt finance my house for 30 either.

i'm just saying if you want to bitch about the amount of interest paid on a home note shorten the note

i dont know what you could afford. again if you dont like paying interest finance it for a shorter period of time.


simple

oh you mean i should put 0 down on a new car and finance it for 5 years?