As he refuses to blog, and I have no life (highlight of my weekend? bleaching my mustache), thought I'd update you on his.
Williams' CPA's were correct. There is no benefit, taxably, by reinvesting his back Social Security. However his accountant says that the statement they send will be itemized by year. Therefore, he'll go back and file back tax returns for those specific years for Cameron. He doubts that Cameron, ages 8-18, made enuf money to be taxed on. He says that Cam won't have to pay taxes on that money. Cameron said it was the best $27.50 he ever spent.
Secondly, he did make an offer on a house on Friday. It's a short sale, meaning the bank has 90 days to decide if they want to accept his offer. He did put escrow money down on it tho so if they get a better offer, he'll be able to counter it if he wants. He isn't expecting to get it but I think its exciting that he's even thinking along those lines.
2 comments:
Wow! Nice house. Good for Cameron. I love to see our kids becoming responsible adults...sometimes they are more financially responsible than me. I think they've learned from my mistakes! Good job you twenty--er thirty somethings! xoxo
Looks like a great house. I hope he gets it!
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