cd38
Well-Known Member
Anybody planning on buying any equipment with your refunds, lol if you are getting one. Just wondering cause this is my christmas present.
No returns. I don't lend the Government money.
I'll probably owe money... errrr
Just consider it an interest free loan.
Just consider it an interest free loan.
Only the &(%^ing government would be so kind to LOAN you your own money and want it back.... but i guess that is for the debate forum.
Does anyone write off their brewing equipment? Anyone could set up a simple LLC for the purpose of researching a brewery business model, then your equipment would cost 30% or more less. You could buy test equipment and do research for the company and write off the equipment. You can legally do this without any profitability for 3-5 years to test viability of the corporate model. Your research could extend to tasting your competition's product or visiting your potential competition's brewing facilities. Just a thought..
Does anyone write off their brewing equipment? Anyone could set up a simple LLC for the purpose of researching a brewery business model, then your equipment would cost 30% or more less. You could buy test equipment and do research for the company and write off the equipment. You can legally do this without any profitability for 3-5 years to test viability of the corporate model. Your research could extend to tasting your competition's product or visiting your potential competition's brewing facilities. Just a thought..
Wouldn't you only be able to write off your expenses against your revenue? So unless you're a pro brewer, not really possible. I think you'd have a hard time writing off your homebrew equipment against the your salary and other income. Also why would you need to setup an LLC, can you just be a sole proprietorship?
And to setup any brewing business, don't you need a license or two or 7? Hard to write off brewing gear without being a brewery.
Only the &(%^ing government would be so kind to LOAN you your own money and want it back.... but i guess that is for the debate forum.
Yeah, but I understand that living in the greatest country on the planet isn't free.
Have you've ever wondered whether you could make it as a microbrewery or had any interest in making a living off this hobby?
No commercial operation or equipment may be used.
It is for 47% of us.
Just trying to be helpful here. There have been many books and articles written on this subject. It does require effort to set up and maintain proper books to stay within IRS guidelines. I've owned several businesses, some of them very profitable, others never turned a profit. The IRS will begin questioning any business that doesn't turn a profit within 3 years and you must by 5 years. Audits are definitely not random for the most part.
You don't need to pay for licenses when you are in the 'investigative phase' of your corporate model. After investigating, you may simply decide it doesn't have the profitability potential you need and shut it down later.
Have you've ever wondered whether you could make it as a microbrewery or had any interest in making a living off this hobby? If the answer is no, it would be fraudulent for you to set up a business to see if it could work.
It's not something you can do off the cuff, it requires work, research and preparation. However, the rewards normally offset the effort required.
I have always wondered where people come up with the "must turn a profit in 3-5 years" thing.
Now I know, thats funny ****!
A large portion of that 47% are even paid to live here.
No returns. I don't lend the Government money.
Anybody planning on buying any equipment with your refunds, lol if you are getting one. Just wondering cause this is my christmas present.
You remind me of my next-door neighbor. Nice guy. He works for a company that does very seasonal work (installing in-ground lawn irrigation systems), so every late fall, his boss "lays him off" so that he can draw unemployment benefits. And then every early spring, he magically gets rehired. During the "laid off" period, my neighbor submits false reports of attempts to find work so he can continue to draw the benefit checks. He's been doing this for about 10 years now, and he doesn't seem to feel any sort of shame or embarrassment over it.Sorry for the situation, I think it's crap, but thank you for the conical fermenters (yes that's plural) that you are all buying me next month!
You remind me of my next-door neighbor. Nice guy. He works for a company that does very seasonal work (installing in-ground lawn irrigation systems), so every late fall, his boss "lays him off" so that he can draw unemployment benefits. And then every early spring, he magically gets rehired. During the "laid off" period, my neighbor submits false reports of attempts to find work so he can continue to draw the benefit checks. He's been doing this for about 10 years now, and he doesn't seem to feel any sort of shame or embarrassment over it.
And the real kicker is that he likes to ***** about the taxes and honestly can't figure out why they are so high. And he likes to rail about freeloading minorities.
By the way, curlyfat, you could very easily "give back" a bigger portion of that money to a charity that supports people who are actually struggling. Surely there are local charities in your area that could use the cash. Maybe buy yourself just one conical with "my" money.
Nice! Do you adjust your W2 withholding every year to match the decline in your mortgage interest deduction to make sure it zeroes out? If so, color me insanely impressed.
Well good for you. :rockin:Well, at the end of the day, I am a hypocritical ass. My "chunk" I give is 50% to a few local carities I believe in.
I guess I've just never been in a situation where the government gives me back all the money I paid in plus some extra. I'm not sure how I'd feel about being financially okay but still taking money from the dole. Hopefully, I'll never find out.Legally, I'm required to file my taxes, and who wouldn't take money they're legally required to get?
It's not about making me feel better. If you feel that what you are doing is ethical, and you don't lose any sleep, then that's all that matters. Karma is individual. What I think of you is irrelevant. What you think of yourself is what matters.If it makes you feel better, I am striving to become one of those folks that is required to give away half their income...hopefully then karma will be balanced.
I'm not judging you. Obviously you're in line with the law. I just don't think I could be okay with that situation. But as I said above, if it doesn't bother you, keep on with it. I'm a believer in situational ethics. Morality is subjective.Don't get all high and mighty with me, I'm on your side!
Stop being sorry.I am sorry my donations don't meet your standards.
I'll probably get something, but it won't be huge. Probably a new, larger kettle or maybe one of those small Minibrew conicals.Let's get back to the question at hand: If you get a "refund", will you buy any cool brewing toys?
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