Click here to close
New Message Alert
A Helicopter And Deductions





A Helicopter And Deductions   

  Click Here to have an E-mail Sent to you when a new message is added to this thread
Author: Sam Rothstein   Date: 8/22/2022 3:11:53 PM  +1/-1   Show Orig. Msg (this window) Or  In New Window

If you even think you are going to try and roll a major purchase into an LLC, you may want to know your tax person and trust they really know the law.  Nothing wrong with using legal write offs as long as you're not trying to circumvent the law.  Even if it's legal, doesnt mean the IRS employee who might happen to be screening your flagged entry may not understand the law and still try and assess penalties.  Speaking from experience on a retirement transfer that took a few years to clear up.  Note: If the IRS deems you owe and you decide to fight it, you may want ot be ready to pay it off and note as being under dispute.  Their interest rate is outragous and you could wind up being charged double in just a few years.  And no, they do not give any rate of return if/when the decision becomes in your favor. But go ahead and ask some helo forum and place all your money on the table for that bet.

 
Reply    Return-To-Index     Display Full Msg Thread   Rules of Engagement   Terms of Use

A Helicopter And Deductions +0/-4 Anyone See Any Creative Use Of 8/21/2022 7:11:44 PM