She's paid for.

Energy One

liferider

Looking forward to retirement
Here is a good one. When you filed your Federal income tax over the years you were paying notes. Did you deduct the interest paid to the holding company on your taxes. That is tax deductable. If not, do it all on next yrs tax return. Same goes with your Home mortgage! I Itemise everything! When I show up at my CPA's my box which looks like a boot box. Portable file box. Has each kids medical bill's, reciepts, prescription reciept, asperin reciept. Farm file, horse feed, hay bill, tractor fuel, vet bill, sales from horses, my medical bills, prescription med or medicine reciepts. Property tax canceled checks. I itemize everything! From paint used on the house as an upgrade, to fuel burned driving to and from work. The savings are mind blowing! I went to a seminar done by an ex-IRS agent on what's allowed and what's not. I save on the average now $8000.00 -14,000 per yr! The biggest savings were in my oldest step sons Autizum expenses under his medical!
 
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knucklehead

Member
Congrats! How do you like those pipes? I'm thinking about pulling the trigger on a set, but I'm wondering how much performance I'm going to lose? I know when I pull the baffles out of my mean mothers, the torque goes right down the drain.
 

Brew

Troop Supporter
Congrats PH always a great feeling. I hope you get some time to stretch your legs now... :D :2thumbs:
 

PaulHart

Well-Known Member
Congrats! How do you like those pipes? I'm thinking about pulling the trigger on a set, but I'm wondering how much performance I'm going to lose? I know when I pull the baffles out of my mean mothers, the torque goes right down the drain.
Yes you'll probably loose some low end torque. There's better performing pipes out there I'm sure. It's a trade off and the price you pay for cool sometimes.
 

PaulHart

Well-Known Member
Here is a good one. When you filed your Federal income tax over the years you were paying notes. Did you deduct the interest paid to the holding company on your taxes. That is tax deductable. If not, do it all on next yrs tax return. Same goes with your Home mortgage! I Itemise everything! When I show up at my CPA's my box which looks like a boot box. Portable file box. Has each kids medical bill's, reciepts, prescription reciept, asperin reciept. Farm file, horse feed, hay bill, tractor fuel, vet bill, sales from horses, my medical bills, prescription med or medicine reciepts. Property tax canceled checks. I itemize everything! From paint used on the house as an upgrade, to fuel burned driving to and from work. The savings are mind blowing! I went to a seminar done by an ex-IRS agent on what's allowed and what's not. I save on the average now $8000.00 -14,000 per yr! The biggest savings were in my oldest step sons Autizum expenses under his medical!
I'm very aware of the importance of keeping receipts and records for taxes. In the order of importance making money is number one and keeping as much of it as possible is number two. Here's my latest deduction. Bought a trailer about two months ago.
 
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