Regarding audits and reviews, the accountant I work with explained that the tax processing computers are programmed to look for significant changes in our tax returns from year to year, especially any changes that result in a big reduction in taxes owing. I've always operated with the principle that it's best to always owe a small amount of tax, rather than no tax at all.

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“Never attempt to teach a pig to sing; it wastes your time and annoys the pig.” ― Robert A. Heinlein

You better never retire if you have a forty year history of working, and paying taxes. That really pi$$3s them off when they can no longer use your money to buy votes for them at their will.

Who, the IRS?

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Who wants to retire? If you enjoy what you are doing you are already living the retirement life. I cannot think of anything more dreary then not having something to work towards and/or never getting to make another deal.

If you don't like what you are doing then find something you do like. This sounds simple but we all know it is very difficult. Still, it is worth the effort.

This. Work is only work if you don't like what you're doing.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

Exactly. I've been self employed nearly all my adult life; I wouldn't have it any other way. The older I get the more selective I've become with the jobs I'll accept. I have no intention of ever 'retiring'.

"Choose a job you love, and you will never have to work a day in your life." - Confucius

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“Never attempt to teach a pig to sing; it wastes your time and annoys the pig.” ― Robert A. Heinlein

In 2008 when the real estate market collapsed it sucked my Architectural practice down the toilet with it. I closed my firm from lack of sufficient work to pay for errors and omissions insurance. I went to work for Purdue for 3+ years and hired my son to manage my real estate. He moved to florida toward the end of my Purdue stint so when I was made redundant at Purdue I took over the real estate and started drawing social security. Now I am providing Architectural consulting on a part time basis, operating on a much simpler level than before and am enjoying it very much.

I never thought I'd want to retire but would not want now to go back to the full time demands of running a practice. Its pretty great waking up whenever I feel like it and coming and going pretty much any time I wish.

If I did not have other income though it would not be much fun trying to make it on SS.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Agreed. Though John Galt (alias BB?) usually is one who is insulting and trolling others, if Insidious (alias Jolly Roger?) doesn't like him he should put him on ignore.

That's where I put people that irritate me. If I don't, I tend to react and post out of irritation and I don't like myself when I do that.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.