LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #7   Report Post  
posted to alt.sailing.asa
external usenet poster
 
First recorded activity by BoatBanter: Feb 2007
Posts: 900
Default New Boat

Right. It's not one of the BIG red flags, but it could tip the balance
if the IRS is looking at you.


Who needs that kind of trouble?



"Capt. JG" wrote:
No one, but that shouldn't deter one from using the available deductions.


Agreed

But it also behooves one to cross all "T"s and dot all "i"s


It
can certainly be a legitimate one, and the IRS will only be interested for
two reasons... one, it's a random audit, which means nothing would prevent
it, or two, there are enough other red flags to trigger an audit, which
means this one isn't the likely make/break.


Maybe
Depends on the region, depends on your other red flags.

Jus my opinion, having been there, been audited (no, not when I did the
donation), and didn't get the fcuking tee-shirt.


I think we can all agree that the U.S. tax system needs reform. I have
never been audited and don't want to be. Nor do I want to have to
wheedle the IRS into returning my assets after seizure.... they have a
tendency to be quick to grab and slow to give back.

DSK
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
boat newbie needs info on repairing 14 ft leaking alum boat [email protected] Boat Building 9 June 20th 06 02:16 PM
FREE Advertising - Sell you boat fast ------> Boat Agent <-------- Car Agent UK Paddle 0 February 5th 05 07:39 PM
Small boat building Yahoo group (was: Boat settles off post on William R. Watt Boat Building 0 July 22nd 04 03:56 AM
Practical Boat building 1922 vintage canoe boat book Tylwyth Boat Building 0 April 3rd 04 06:16 PM
"Chesapeake Bay Boat Buying" followup/Boat search update Skip Gundlach Cruising 20 December 15th 03 09:50 PM


All times are GMT +1. The time now is 10:49 AM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 BoatBanter.com.
The comments are property of their posters.
 

About Us

"It's about Boats"

 

Copyright © 2017