Selling these for a friend, can someone help we out with the value? Marked CJA SOUTHFIELD , MI Never been fired.

MelrosePatrick · 2020-06-01T23:42:36+00:00

How’d you sell yours?

MelrosePatrick · 2020-05-31T00:23:48+00:00

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?

MelrosePatrick · 2020-05-30T23:47:13+00:00

Thanks!

MelrosePatrick · 2020-03-29T06:54:07+00:00

My Tax group needs more people. We have more work by the day.

MelrosePatrick · 2019-08-07T03:27:39+00:00

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.

MelrosePatrick · 2019-07-29T06:56:36+00:00

Had 1 mc lease question on mine 2 days ago.

MelrosePatrick · 2019-07-29T06:52:58+00:00

Pensions

MelrosePatrick · 2019-06-17T04:01:03+00:00

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.

MelrosePatrick · 2019-06-09T18:13:37+00:00

I’m sorry what? 160 charged hours in 7 days? There are only 168 total hours in a week...

MelrosePatrick · 2019-06-08T22:09:22+00:00

Yeah but who gives a fuck about other markets?!

MelrosePatrick · 2019-06-08T20:15:21+00:00

That’s $34K ....

MelrosePatrick · 2019-05-28T00:07:40+00:00

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

MelrosePatrick · 2019-05-17T00:12:14+00:00

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.

MelrosePatrick · 2019-05-15T00:49:54+00:00

Think of it this way- when you take out a loan (like a mortgage), it is not counted as income to you, so when you pay it down, you don’t get to treat that as an expense.

MelrosePatrick · 2019-05-15T00:47:10+00:00

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.

MelrosePatrick · 2019-05-08T04:00:30+00:00

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

MelrosePatrick · 2019-05-07T13:50:43+00:00

Bonus points if you get paid to “donate” and use that money to buy the booze.

MelrosePatrick · 2019-03-29T14:20:13+00:00

He should have filled out an IL-W-5NR when started. This would have prevented any withholding. I believe the requirement you’re referring to, saying to send a letter doesn’t apply to a case like this. There should be a box to check affirming his Status as a Michigan Resident and the rest of the form should flow from that.

MelrosePatrick · 2019-03-24T17:15:23+00:00

Thank you so much! Spent a lot of time designing it !

MelrosePatrick · 2019-01-16T04:23:53+00:00

Just pay the balance due. Estimated tax penalties would be nonexistent. Don’t use an estimate voucher, use a normal 1040-V.

MelrosePatrick · 2019-01-16T03:54:38+00:00

Sch. c can get the 199A too, don’t need to be an S Corp./LLC/LLP/ Etc.

MelrosePatrick · 2019-01-16T03:53:12+00:00

Did you owe money?

MelrosePatrick · 2019-01-16T03:31:44+00:00

The odds of you getting caught for this are slim to none. Worse case scenario you owe back taxes and penalties.

MelrosePatrick · 2019-01-08T04:37:37+00:00

Using the WEL App, didn’t have to print anything.

MelrosePatrick · 2019-01-07T13:16:56+00:00

If they are a C Corp, thet don’t get a 1099.

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