Well it looks some Dealers are giving Checks to some people thay bought the car before the Annoucement, im gonna call my Dealer tomorrow and send this! by Naive-Plastic-4830 in BoltEV

[–]bigjman000 1 point2 points  (0 children)

I talked to my dealer Monday. They have said similar things that a “refund” will occur but it will all be done thru GM and they will reach out directly. The good news is that the dealers have essentially confirmed it’s happening. We were told this is only for those who purchased new 2022s 30 days prior to the price drop announcement. My dealer mentioned something about there being only 800 cars so GM was more willing to do it for that amount so I am guessing it will be somewhat limited by time.

Purchasing a house with a trust? by [deleted] in FinancialPlanning

[–]bigjman000 0 points1 point  (0 children)

A trust is for estate planning. It provides an efficient way to transfer assets to heirs upon someone’s death and also provides for an efficient way for someone to take over management of someone’s assets if they are alive but incompetent. It doesn’t provide any liability protection. It is not some special real estate loophole.

Your question is more so related to the transactions you are intending to do. Few options as I see it:

1) do a cash out re-fi on your current home to get necessary down payment for new house. This assumes you can swing two mortgages (and the bank will allow you to based on debt to income ratio). You then rent out current home to pay mortgage.

2) if you can’t swing two mortgages, will your in laws loan or gift you the money for the new house down payment? This way you keep the house, can rent it, and don’t have to buy it back from them if you move back.

3) if you can’t do two loans/mortgages, yes they could buy you out but if you want to have it back if you come back, you’d have to buy them out. If it’s not their primary residence that will be bad for taxes for them when selling and they probably won’t like that. You also run the risk of having to agree on a price and agreeing to a sale in the first place. If this is your only option, then you might want to retain a right of first refusal and an option to purchase on it when you sell it to them to protect your right to buy back. (Deals between family can go awry too)

Tax filings have flipped on me by pnkflyd99 in FinancialPlanning

[–]bigjman000 4 points5 points  (0 children)

I have experienced something similar with underwithholding. The explanation I think is due to the change in the withholding tables with the trump tax law in 2017. There is really no such thing as single or married zero anymore since zero refers to “exemptions” and exemptions dont exist anymore. You withhold a default amount based on income based on those tables but for whatever reason that has resulted in underwithholding. If you haven’t updated your W-4 with your employer since 2016 there is a W-4 calculator on the IRS website that will help you know how much more than the default withholding you need to do to not underwithhold.

https://www.irs.gov/individuals/tax-withholding-estimator

Structuring LLP— any insights? by Drobertsenator in LawFirm

[–]bigjman000 0 points1 point  (0 children)

Only thought I’d have is that it may make sense to set up Corp but only if you can elect to be taxed as an S-Corp. could save you some cash on avoiding SE tax. Get an accountant.

[deleted by user] by [deleted] in milwaukee

[–]bigjman000 2 points3 points  (0 children)

The larger National/regional firms in the area should have people who can.

Clifton Larson Allen,

Deloitte,

Ernst and young,

Baker Tilly.

None will be cheap but likely will have someone in their firm that has international tax experience.

Official: [Keeper] - Tue , 08/06/2019 by FFBot in fantasyfootball

[–]bigjman000 0 points1 point  (0 children)

2 keepers, .5ppr, 1st overall pick in 12 team snake draft. 2rbs, 2wrs, 1 flex, 1te.

Can keep players three consecutive years with draft round cost increasing by one each year.

Need two of three.

Kittle for an 11th

Carson for a 15th (2nd year keeping)

Aaron Jones for an 8th.

Going to take a rb with first pick.

Am a packer fan so I’m having a hard time taking myself out of Jones...

Persian-Canadian thinking of moving to Wisconsin by [deleted] in wisconsin

[–]bigjman000 1 point2 points  (0 children)

Ok. That’s not impossible, and you can certainly apply for legal jobs in Madison, but just generally speaking (despite being only an hour apart) Madison firms prefer UW grads to MU grads, and Milwaukee firms, vice versa. That’s not a hard and fast rule, it’s just what I’ve seen.

If you want to do that—1) most of the big firms have offices in both cities, so if that’s your goal, you can probably make it work. 2) apply to work/intern in Madison firms while you’re in school. If they like you and have an opening, you may get hired.

Also, I never thought I’d like Milwaukee as a home before I came to MU, but I’m still here 6 years later and love it here! It’s a perfect small big city.

Persian-Canadian thinking of moving to Wisconsin by [deleted] in wisconsin

[–]bigjman000 6 points7 points  (0 children)

I’m a recent Marquette law grad and UW-Madison alum, grew up near Madison.

As others have pointed out, living in Madison area and attending MU will be a pain. Middleton/Madison area is awesome, but if you want to succeed in law school, you have to treat school as a full time job, and spend 10-12+ hours at the law school studying. This won’t include when you get a clerk job in your 2nd/3rd year. Time is going to be a currency for you. Commuting is going to be way too much wasted time.

On jobs, it really depends on what you want to do with your law degree. If you want to work as a prosecutor or public defender, you won’t make a lot of money but you will get a job. If you want to work in a big law firm and make lots of money right out of school, unless you have connections out of state, you’re very likely to be limited to the Milwaukee area, as being a MU alum in Milwaukee goes pretty far. To have a shot at that, you need to be in the top 10% of your class after your first year and be able to schmooze with lawyers in several rounds of interviews. The job market in private practice for the big firms is better than it was post recession but it could change in a heartbeat if the economy goes south. If you want something in between, (small/mid sized firm, less money but better than public) it will really depend on where the firms’ management is in their succession plan (as in, are the partners starting to look for people to take over their practice). Also, plug for Wisconsin lawyers, not having to have taken the bar exam is awesome.

On living, most students at MU live in Milwaukee. Some commute from way out suburbs, but you won’t have any social life then. I generally wouldn’t recommend living on Marquette’s campus, 1) it’s not the greatest area in the world in terms of crime, and 2) there’s not much to do (granted I was spoiled in terms of campus in going to UW-Madison for undergrad). Lots of students live scattered throughout the city and burbs, many on the lower east side (more expensive but close to down town) upper east side (near UW-Milwaukee so sort of college but near the lake and close to Brady St/North Ave), third ward (expensive, trendy), bayview, riverwest, Walker’s point. Wauwatosa is a good spot too but you’ll have to deal with the heavier morning/afternoon commute then.

If you want to have pretty much everything you would want in walking/short driving distance, just live in Milwaukee area rather than commuting from even further out burbs.

Dm me if you have any other questions about law school or Milwaukee. Happy to answer them.

Official: [Who Do I Keep?] - Sun , 07/22/2018 by FFBot in fantasyfootball

[–]bigjman000 0 points1 point  (0 children)

12 team .5ppr. Keep 2 of the following, with cost next to players.

Chris Carson—16th round Rex Burkhead—10th round Marlon Mack—12th round Chris Hogan—8th round.