UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev | Next
Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75643  
Subject: Re: What to do? Date: 2/1/2012 7:48 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 7
ferjen: "I've been searching for other methods of legally reducing our federal tax liability (no state income taxes here). Short of drastically increasing our charitable contributions or adding on a pool (which I DO NOT WANT), I'm coming up empty."

I am not sure what adding a pool does to reduce FIT.

Given that reducing FIT liability seems to be the driving force, you could lend my SPE any amount you wish, payable at matruity on December 30, 2012, and when the SPE fails to pay, have a bad debt write-off that should reduce you for FIT liability. (;>)

I have another sure-fire method of reducing FIT liability, but I am not inclined to give it away today.

Regards, JAFO

PS - You should enjoy your "misfortune"; a lot of people would be happy to trade for your "problems".
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement