Tax Day Rule of Thumb

When in doubt, deduct!

Will Rogers Rule of Thumb

The difference between death and taxes is death doesn’t get worse every time Congress meets.

Kent Conrad Rule of Thumb

You do not raise taxes or cut spending during an economic downturn ... that would be counterproductive.

Carsen Brakney Rule of Thumb

If you donate it, you can claim it’s fair market value on your tax return ... that doesn’t represent the price of the item “new in the box”, but it’s actual reasonably ascertainable value in the marketplace.

Conrad Teitell Rule of Thumb

Take a deduction in a year that you are in a higher bracket, rather than a year you're in lower bracket.

Washington Department of Revenue Rule of Thumb

A joint venture between a Tribe and a nonIndian is viewed as a nonIndian entity and thus does not enjoy any of the favorable tax treatment reserved to Indian.