IRS question
 

It is getting that time of year again.

The IRS forms are in the mail and Uncle Sam is awaiting our contributions.

Does anyone know what form to use to declare our project car as a dependent?? :D

Maybe I could declare myself mentally unstable for starting on this " hobby"!

:D:D

Randall

Re: IRS question
 

Let us know if you are successful, or if you end up behind bars!

Re: IRS question
 

The IRS may not believe that your wife delivered a 3200 pound baby. She probably doesn't remember it either.

Re: IRS question
 

Don't laugh! I know of a guy that bought a 1940 Mercury Convertible Sedan to advertise his business (named Mercury M*******). He told me this himself on the day he sold the car. :rolleyes:
Disclaimer: Interesting possibilities, but I have no knowledge of his IRS tax status. ;)

Re: IRS question
 

[QUOTE=rlh5window;1197970]It is getting that time of year again./QUOTE]

What:confused: ,it's the last day of November. There are 24 shopping day's till Christmas and April 15th is a long way away.

There is no snow yet were I am but it's that time of year to get your snowblower and shovels ready:eek:

Re: IRS question
 

I have to cough up big bucks today to get the discount on real
estate taxes. G.M.

Re: IRS question
 

Maybe claim it as a Syrian refugee. No records or background will be checked.

Re: IRS question
 

Just tell them you are an illegal and you won't need to file at all!

Re: IRS question
 

Ever hear of "Truley Nolen"?

Re: IRS question
 

Just give Lois Lerner a call. She might just tell you.

Re: IRS question
 

Do NOT EVER, EVER, EVER even begin to suggest to ANYONE that you may have even the slightest hint of mental instability, even JOKINGLY! Physicians (for instance) are now legally required to "note" such remarks or observations in official documentation. For one thing......you'll likely never purchase another fire arm legally. The list goes on. DD

Re: IRS question
 

WOW! That's pretty scary. Doctors are smart.
Along with other annual check up questions they ask the seemingly innocuous
question:
"Do you ever feel depressed or feel like you would ever
do harm to yourself or others?"

Re: IRS question
 

And that would be a bad thing?

Re: IRS question
 

Re: IRS question
 

THANKS, G.M. You saved me over $100 with your heads-up on the taxes,
so i owe you some tacos, pizza, beer, etc. Thanks again,...jack

Re: IRS question
 

You get forms in the mail? I thought they stopped mailing them everywhere. I have to call and ask them to mail mine every year. They said they don't do it automatically since the majority of people use the internet to file now. I don't trust the internet so I mail mine in to have a paper trail.

Re: IRS question
 

Yes, very bad thing.

Re: IRS question
 

I have to pay my business license at city hall every year to avoid huge late penalties. They have my address and every year they claim the bill was mailed, but...

Re: IRS question
 

Coopman said "legally". It would be bad for law abiding citizens not to be able to buy weapons. If the bad guys want guns, they get them illegally.

Re: IRS question
 

There are ways to legally claim a vintage car as a deduction such as if it is an advertisement or is actually used in the business in some other way. However, I always equate that kind of deduction to be similar to writing off an airplane, all or part of your home, and the second home as a flag for the IRS to do some investigating.

I understand that tax laws for old cars were different 20+ years ago. I seem to recall seeing a guys vast car collection being described as a tax shelter somehow.