Lateral-g Forums
Page 444 of 635 « First 344394434442443 444 445446454494544 Last »
Show 40 post(s) from this thread on one page

Lateral-g Forums (https://www.lateral-g.net/forums/index.php)
-   Off Topic Forums (https://www.lateral-g.net/forums/forumdisplay.php?f=19)
-   -   Investing 102 (https://www.lateral-g.net/forums/showthread.php?t=34700)

GregWeld 10-01-2014 07:02 AM
No doubt the IRS tried to claim that he "earned it" (since it was deferred compensation) in the other state.... but since he didn't actually RECEIVE it until he moved to Florida -- he was correct. The IRS doesn't even understand it's own rules. Which is fine when you're arguing over $500 -- but not when your fighting over half a million or more. And since they're just "clerks" and it's not their money paying the attorney's - no common sense needs to be applied.







Quote:
Originally Posted by XLexusTech (Post 572105)
Continuing the boat theme .. When my brother retired as a fund manager he left with a bunch of what they called "Deferred compensation". Part of his plan was to establish primary residency in Fla.. which is free of state income tax... He did everything right but still ended up in court defending his freedom from state income which totaled approaching 6 figures in state tax.. He won... purchased and 32 foot Boston whaler outrage... Named it "Happy Returns" for the tax return he eventually got which was 100% of the money back...

Mkelcy 10-01-2014 01:37 PM
Quote:
Originally Posted by GregWeld (Post 572108)
No doubt the IRS tried to claim that he "earned it" (since it was deferred compensation) in the other state.... but since he didn't actually RECEIVE it until he moved to Florida -- he was correct. The IRS doesn't even understand it's own rules. Which is fine when you're arguing over $500 -- but not when your fighting over half a million or more. And since they're just "clerks" and it's not their money paying the attorney's - no common sense needs to be applied.
The IRS doesn't administer state tax returns or the collection of state income taxes. I think you meant the applicable state taxing authority.

CamaroMike 10-01-2014 05:15 PM
Your dingy is bigger than my fishing boat lol

HAULNSS 10-02-2014 05:39 AM
A little off topic....

Coming from a construction background, this is my favorite boat name....


"Original Contract" and "Change Order" :lol:

http://www.videouniversity.com/files...rderbetter.jpg


Randy

GregWeld 10-02-2014 07:10 AM
Quote:
Originally Posted by Mkelcy (Post 572139)
The IRS doesn't administer state tax returns or the collection of state income taxes. I think you meant the applicable state taxing authority.


The IRS reference was just a "general name" for tax collectors.... Everyone reading this would understand the reference. Well..... maybe not everyone.

GregWeld 10-02-2014 07:16 AM
Quote:
Originally Posted by CamaroMike (Post 572161)
Your dingy is bigger than my fishing boat lol



We - regrettably - sold all the marine toys (used that reference in case Mkelcy took umbrage at using the word yacht or boat) when the kids went off to college. When they came home from school - they wanted to spend time with their friends rather than go boating. We will buy another one in a few years, and have already started talking about what and where. We both love (and had hull #26 on order) the 55' Fleming.

Quote:
Originally Posted by HAULNSS (Post 572215)
A little off topic....

Coming from a construction background, this is my favorite boat name....


"Original Contract" and "Change Order" :lol:

Randy



Randy -- Love that combination! It's perfect.

Mkelcy 10-02-2014 09:25 AM
Quote:
Originally Posted by GregWeld (Post 572233)
We - regrettably - sold all the marine toys (used that reference in case Mkelcy took umbrage at using the word yacht or boat) when the kids went off to college. When they came home from school - they wanted to spend time with their friends rather than go boating. We will buy another one in a few years, and have already started talking about what and where. We both love (and had hull #26 on order) the 55' Fleming.

Randy -- Love that combination! It's perfect.
Why would I or anyone else object to the use of an accurate term?

You may be a little thin skinned about what, in the overall scheme of things, was a small correction, made mostly for the purpose of letting folks know that the IRS doesn't make up or enforce the rules concerning in what state income is taxed.

96z28ss 10-02-2014 04:34 PM
Quote:
Originally Posted by GregWeld (Post 572233)
We - regrettably - sold all the marine toys (used that reference in case Mkelcy took umbrage at using the word yacht or boat) when the kids went off to college. When they came home from school - they wanted to spend time with their friends rather than go boating. We will buy another one in a few years, and have already started talking about what and where. We both love (and had hull #26 on order) the 55' Fleming.






Randy -- Love that combination! It's perfect.
Last time I checked no ocean in ID.

GregWeld 10-02-2014 05:50 PM
Quote:
Originally Posted by 96z28ss (Post 572276)
Last time I checked no ocean in ID.



"We" do have an airport here in Hailey that will take us to the boat.... wherever it may be.

I'll be too damned old to drive that far....

DBasher 10-02-2014 05:59 PM
The Kogo is sitting in front of one of my buildings on Lake Union, it's pretty nice.
It's 235' has a sauna and jacuzzi a heli pad and sleeps.....12, crew of 21! Haha! I couldn't check the going rate for rental....something about having a broker? Looks like a money pit anyhow:G-Dub:


All times are GMT -7. The time now is 09:35 PM.
Page 444 of 635 « First 344394434442443 444 445446454494544 Last »
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Lateral-g.net