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mikelly39: "I did find out a few things:

1) He is extremely naive regarding finances/taxes. He looks at his taxes as a bonus, rather than his money the gov't is holding.

2) He opened up a Home Based "business"(wink wink), and incorporated it in Delaware. All per the advice of the Accountant.

I guess that affords him all sorts of tax benefits.
* Write off home office, & office equipment at home
* Mileage & leases on car
* "Losses"(wink wink) from said business

The more I talk to him, the less I want to know about what he's up to."

You could drop a dime on him (or would that now be a quarter or two bits - just what has inflation done to cliches?).

Home office write-off needs to be recaptured on sale. Home office equipment should be prorated between business and personal use. Losses will eventually run afoul of the hobbly law.

Regards, JAFO

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