Comments on: My Life as a Volunteer Tax Preparer – Ch. 2.2 http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/ The Hard Truth about Money and Personal Finance Tue, 31 Jan 2012 13:37:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: kitty http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/comment-page-1/#comment-7368 kitty Wed, 17 Feb 2010 14:00:13 +0000 http://toughmoneylove.com/?p=5299#comment-7368 As usual, very interesting stories. I don't see why the first client's decision to take a loan at 0% instead of paying cash that she likely has. Arbitrage is the long and well known way of making money. "... On the other hand, he had a 0% interest loan. It may be that he and his wife have solid retirement incomes but not a lot of extra cash ..." Or most likely, she earns more on the cash than 0%. She can get 2% on a 2 year CD which is a whole lot better than 0%. I'd do the same. As usual, very interesting stories.

I don’t see why the first client’s decision to take a loan at 0% instead of paying cash that she likely has. Arbitrage is the long and well known way of making money.
“… On the other hand, he had a 0% interest loan. It may be that he and his wife have solid retirement incomes but not a lot of extra cash …”

Or most likely, she earns more on the cash than 0%. She can get 2% on a 2 year CD which is a whole lot better than 0%. I’d do the same.

]]> By: Paul Williams http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/comment-page-1/#comment-7328 Paul Williams Wed, 10 Feb 2010 22:29:38 +0000 http://toughmoneylove.com/?p=5299#comment-7328 I just haven't tried it myself. Maybe I'm underestimating my abilities. I usually see more people than that as well. I did 7 tax returns last week almost non-stop, so they start to run together. I just haven’t tried it myself. Maybe I’m underestimating my abilities. I usually see more people than that as well. I did 7 tax returns last week almost non-stop, so they start to run together.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/comment-page-1/#comment-7327 Mr. ToughMoneyLove Wed, 10 Feb 2010 21:54:58 +0000 http://toughmoneylove.com/?p=5299#comment-7327 Paul: I do not take notes. I only meet with 3-5 people in an afternoon. That evening I start writing up what I remember. Because I know I will be doing that later, it isn't that hard for me to think about then recall interesting things that happened a few hours earlier. Paul: I do not take notes. I only meet with 3-5 people in an afternoon. That evening I start writing up what I remember. Because I know I will be doing that later, it isn’t that hard for me to think about then recall interesting things that happened a few hours earlier.

]]> By: Paul Williams http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/comment-page-1/#comment-7326 Paul Williams Wed, 10 Feb 2010 21:22:03 +0000 http://toughmoneylove.com/?p=5299#comment-7326 TML, how do you remember all these details about your appts? I also volunteer with AARP TaxAide, but I wouldn't be able to retell the taxpayers' stories in as much detail if I weren't taking notes after each one. Is that what you do, or is your memory just that good? Maybe I could remember more than I think if I wrote up an article when I get back from volunteering. TML, how do you remember all these details about your appts? I also volunteer with AARP TaxAide, but I wouldn’t be able to retell the taxpayers’ stories in as much detail if I weren’t taking notes after each one. Is that what you do, or is your memory just that good? Maybe I could remember more than I think if I wrote up an article when I get back from volunteering.

]]> By: wrc1000 http://toughmoneylove.com/2010/02/10/my-life-volunteer-tax-preparer-ch222/comment-page-1/#comment-7325 wrc1000 Wed, 10 Feb 2010 19:25:27 +0000 http://toughmoneylove.com/?p=5299#comment-7325 Wow, I really love these "taxpayer on the street" stories . . . the voyeur part of me loves to see how others have handled the finances in their lives . . . thanks for the insight Wow, I really love these “taxpayer on the street” stories . . . the voyeur part of me loves to see how others have handled the finances in their lives . . . thanks for the insight

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