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Peter Olinto & his son

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Uploaded by on May 2, 2008

Peter Olinto & his son

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Education

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  • Children are not tax deductions; children are tax EXEMPTIONS (Form 1040, Line 42). Additionally, children are "child tax credits" (line 52) and "credits for child and dependent care expenses "(line 48), but not they are not "deductions." I suppose, in a way, children are deductions under the STANDARD DEDUCTION's filing statuses of Head of Household and Qualifying Widower.

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  • @MisterKwakkles of course tax deduction looks better than tax exemption unless you wanna explain this whole stuff on this little tshirt

  • Amount of money spent on your kids >>>>>>>>>>>>>>>>>>> tax savings from having kids.

    Just sayin'.

  • Great job guys.. Good sense of humor Pete.

  • What a dick.... Hope he grows up some day. Poor little kid to have a dad that gets all misty-eyed over "a multi-multi-millionaire" :-o

  • aaaaaawww, your little man is adorable

  • Hey, its my cute little cousin Petie!!

  • thanks Peter I like ur encouraging massages but I tell I passed all my CPA parts from the first time and that's from you I appreciated you. thanks

  • wow i'm guessing you went tax, not audit. haha :)

  • You chose CFE instead of Certified Internal Auditor (CIA)? If I decide to specialize into audit like you are, I will start working on an add'l designation by name as well. Both CFE and CIA seem to be popular.

    As you have, I have also passed my first three sections of the CPA exam, leaving BEC for last. I take my BEC in October 2009. To reciprocate, I will let you know how I did. =)

  • How'd you end up doing on BEC?

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