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Bernie Kent quotes

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    I Like this quote I dislike this quote“If you invest in a flow-through entity such as a partnership or S corporation in which you are not actively working 500 hours or more per year, then that is a passive activity.”

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    I Like this quote I dislike this quote“I think it's a major issue for this year. The city is certainly doing it to raise revenue -- and I think it will be a source of revenue for them.”

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    I Like this quote I dislike this quote“Get last year's return file, and look at all items under income and deductions. Based on the prior year, you may already have phone numbers you can call.”

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    I Like this quote I dislike this quote“What's the value of two large trees that got knocked over due to lightning?”

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    I Like this quote I dislike this quote“If your income is too high, this will be the only type of IRA contribution you are allowed.”

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    I Like this quote I dislike this quote“It's complicated because of the calculations you have to go through, and you have to do it for regular tax and for AMT. It gets very complex.”

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