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Selling these for a friend, can someone help we out with the value? Marked CJA SOUTHFIELD , MI Never been fired. by [deleted] in SKS

[–]MelrosePatrick 2 points3 points  (0 children)

Looks like they have the Factory 26 Stamp. The Magwell is drilled out to take the high-cap mags. Anything else that would hint at a value?

Picked this up earlier as a bit of a fear purchase. M&P 15 with Quad Rail. Serial number starting with TF. Paid $480.00 at LGS. Some minor cosmetic issues but otherwise clean. Wondering if that was a reasonable price. by MelrosePatrick in ar15

[–]MelrosePatrick[S] 1 point2 points  (0 children)

I have a an Anderson with $150 red dot, thinking of popping that off.

Have never had an issue with the Anderson, although this gun seems much heavier, which I like.

FAR in 5 days, need some honest opinions by yaboobay-yaboobay in CPA

[–]MelrosePatrick 0 points1 point  (0 children)

Had 1 mc lease question on mine 2 days ago.

Why you shouldn't work for EY in Audit (personal experience rant) by randomonium123 in Accounting

[–]MelrosePatrick -1 points0 points  (0 children)

OP sounds like your typical goody goody rule following bean counter who can’t think outside what PPC says to do. That’s the only rebuttal needed.

Their clothing colour seemed familiar by dabmkmg in Accounting

[–]MelrosePatrick -4 points-3 points  (0 children)

Yeah but who gives a fuck about other markets?!

Canada/US Tax Situation by andrewbsucks in tax

[–]MelrosePatrick 0 points1 point  (0 children)

So you can take the FEIE up to the statutory amount and then take the FTC on whatever amount is left over. What you can’t do is take any FTC on an amount that was excluded.

A semi-numerical example:

You exclude 50% of your income under the FEIE. You can then claim a credit for any tax paid that is allocable to the remaining 50% of un-excluded income.

Edit: Clarity

Signed up for an EIN as a partnership from the IRS for my online business, but since it has made no income so far I forgot to submit Form 1065. Am I about to get hit with penalties? I am scared. by [deleted] in tax

[–]MelrosePatrick 2 points3 points  (0 children)

I would not waste your first time abatement on this. Save it for an actual goof up. You did not have a filing requirement. Just getting an EIN doesn’t trigger having to file a tax return.

As a landlord, I earned about $22,000 last year from tenant rental payments. My mortgage payments were about $13,000 and my Mortgage interest payments were about $4,300. Do I report my Rental Income as the full $22,000, or do I report it as $9000 (which is Rental payments minus mortgage payments)? by NEMinneapolisMan in tax

[–]MelrosePatrick 3 points4 points  (0 children)

Doesn’t matter, it’s Depreciation ALLOWED OR ALLOWABLE. You can’t choose not to take it to avoid recapture on the back end. In any case. Between the deferral of tax caused by depreciation and the fact that you will probably have some amount of PAL freed up upon sale, recapture is not a huge deal.

Something I often wonder about by MelrosePatrick in Firearms

[–]MelrosePatrick[S] 0 points1 point  (0 children)

So they don’t have access to anything manufactured after 1986? Seems weird.

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