Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Profit made off of cattle !
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="CUZ" data-source="post: 429994" data-attributes="member: 4301"><p>As outlined in your tax fraud scheme - </p><p>"Now there are several ways to set the expense of the land that you must have if you run cattle.</p><p>1. Contact three realtors and ask them what you could rent or lease raw land for on a long term basis. Say for 5 years.</p><p>2. Record the date, their company names, addresses and phone number and the person you spoke to, for future reference as they are expert witnesses if a question should ever arise.</p><p>3. Average the three. If it comes out to say $4.00 per acre that is what you expense. $4.00 per acres X the number of acres, "USED TO RAISE THE CATTLE only". This does not include the 5 acres your house. Pool, tennis court and garage sits on and the area you use for your use. AKA the lawn.</p><p>So now we are talking about 50 acres, not 55.</p><p>$4.00 X 50=$220.00 per year That is the fair market rental or lease value of your land.</p><p></p><p>Now I will stop there in case you have any question on this method.</p><p>SL"</p><p></p><p>ANSWER</p><p></p><p>- NO money (or the promise to pay money )changes hands. All you did was find out "WHAT YOU <em><strong>COULD</strong></em>" rent it for. This is strictly a "make believe" transaction. </p><p></p><p>- Kind of like "I COULD buy that $25,000 Bull. Why don't I put him on the books too? Lightening COULD hit him, HEY, I've got a $25,000 loss.</p><p></p><p>-Even in your pretend expense calculation you couldn't help but take an extra $20. $4.00 X 50 = $200.00. </p><p></p><p></p><p>Now, if you disagree and REALLY BELIEVE you have some kind of point, then you will need to be much more explicit with your details so an average Joe can see if there is any validity in your claim. (If this is just an attempt at one-up-manship so someone will talk to you, then just say you're lonely and need someone to talk to.)</p><p></p><p>PS As far as BIG corporations expensing their land, they don't if they also own the land. However if some other entity owns the land then they are not expensing Land but are expensing RENT.</p><p></p><p>PSS Sunshine rental just went down to $4,000,000 per month, so you'd better hurry and get those other two quotes, or the next thing you know it'll be FREE and you'll lose a good phantom deduction.</p><p></p><p>Cuz</p></blockquote><p></p>
[QUOTE="CUZ, post: 429994, member: 4301"] As outlined in your tax fraud scheme - "Now there are several ways to set the expense of the land that you must have if you run cattle. 1. Contact three realtors and ask them what you could rent or lease raw land for on a long term basis. Say for 5 years. 2. Record the date, their company names, addresses and phone number and the person you spoke to, for future reference as they are expert witnesses if a question should ever arise. 3. Average the three. If it comes out to say $4.00 per acre that is what you expense. $4.00 per acres X the number of acres, “USED TO RAISE THE CATTLE only”. This does not include the 5 acres your house. Pool, tennis court and garage sits on and the area you use for your use. AKA the lawn. So now we are talking about 50 acres, not 55. $4.00 X 50=$220.00 per year That is the fair market rental or lease value of your land. Now I will stop there in case you have any question on this method. SL" ANSWER - NO money (or the promise to pay money )changes hands. All you did was find out "WHAT YOU [i][b]COULD[/b][/i]" rent it for. This is strictly a "make believe" transaction. - Kind of like "I COULD buy that $25,000 Bull. Why don't I put him on the books too? Lightening COULD hit him, HEY, I've got a $25,000 loss. -Even in your pretend expense calculation you couldn't help but take an extra $20. $4.00 X 50 = $200.00. Now, if you disagree and REALLY BELIEVE you have some kind of point, then you will need to be much more explicit with your details so an average Joe can see if there is any validity in your claim. (If this is just an attempt at one-up-manship so someone will talk to you, then just say you're lonely and need someone to talk to.) PS As far as BIG corporations expensing their land, they don't if they also own the land. However if some other entity owns the land then they are not expensing Land but are expensing RENT. PSS Sunshine rental just went down to $4,000,000 per month, so you'd better hurry and get those other two quotes, or the next thing you know it'll be FREE and you'll lose a good phantom deduction. Cuz [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Profit made off of cattle !
Top