A day trader could have a couple thousand trades while even a more typical investor could still have 20 to 40 trades during a year. If you have a bunch of trades, you'd end having to pay an outrageous tax preparation fee because there'd be so many trades that would have to be typed in.

Jackie Perlman

Related Quotes

I once cashed out a bunch of savings bonds in the middle of the year and forgot about them. Then I got a nice little love note from the IRS saying they'd corrected my return.

— Jackie Perlman

BondsBunchCashed

There is this loophole, which is strange.

— Jackie Perlman

LoopholeStrange

The grandmother can't take the dependency exemption if the mother claims the child for the Earned-Income Tax Credit any longer under the new rules.

— Jackie Perlman

But don't just slap $10,000 of miscellaneous expenses on your return. You need to explain that you work for company XYZ and do not get reimbursed for XYZ expenses.

— Jackie Perlman

You'd be amazed at the kind of things people come in and think they can deduct. If you're not sure about a deduction, talk to someone who knows the law, not your Uncle Louie.

— Jackie Perlman