Community Forums

wnytaxman · 04-28-2011, 12:21 PM

Quote:

Originally Posted by Perry White

I think this is a good way to dry up the RV Industry. Think about it. If I would have to pay $8,000/year per prop taxes on a 6 year old coach, I wouldn't of bought it. That's why I moved. Tired of being taxed to death. Any full timers registered in New York?

Actually NY is pretty freindly to RV's. We have no personal property tax and our 8.75% sales tax is not that much higher than other states. Our license fees are pretty reasonable so you would be better off here than in a state with personal property or state excise taxes.

bdpreece · 04-28-2011, 12:25 PM

Quote:

Originally Posted by wnytaxman

SNIP
client's rig is not visible from the street and is garaged in a totally enclosed building on his property when it is here in NY. As best we can tell, his purchase was picked up solely from the reporting of his purchase by Florida taxation to NY taxation.SNIP

Or he ticked off one of his neighbors who then turned him in.

Perry White · 04-28-2011, 12:27 PM

That's why you don't show your drivers license. All they wanted from me is cash. No bodys buisness what I'm going to do with it.

RickO · 04-28-2011, 12:29 PM

I have a question about being able to "prove" where I've been and how long I stayed there.

For years now, virtually every dollar I spend goes through either my credit card or my debit card. I run Quicken reports monthly to track expenses but I don't save the actual receipts for gas, CGs, etc. However, my credit card statements show my tracks very clearly via fuel, CG, resturant charges etc.

Would this type of "proof" suffice without having paper recipts?

Rick

Perry White · 04-28-2011, 12:35 PM

I asked this question long ago. What if there ar 4 members in the LLC. Each living in different states. Now what does the tax man do?? Who bought the RV? none of the 4. The corp bought it. The one that is in Montana. Tell the tax man to take a hike.

Perry White · 04-28-2011, 12:42 PM

Isn't L3 Communications based in New York? How come all their Corp aircraft are registered in a Montana LLC? Seems like the tax man hammers on the little guy. Makes him think he has to comply to some state bullhocky. Where do you think D Trumps helicopter's registered?

RJay · 04-28-2011, 12:45 PM

Massachusetts is trying to get the LLC companies in Montana to cooperate with them, if they succeed there's nothing to stop other states from pursuing information for their state. LLC companies will shut down because they will get no other RV business. This is going to be interesting to follow.

Perry White · 04-28-2011, 12:47 PM

That's because John Kerry got caught and he thinks since he had to pay up, everybody else should.

wnytaxman · 04-28-2011, 12:49 PM

Quote:

Originally Posted by RickO

I have a question about being able to "prove" where I've been and how long I stayed there.

For years now, virtually every dollar I spend goes through either my credit card or my debit card. I run Quicken reports monthly to track expenses but I don't save the actual receipts for gas, CGs, etc. However, my credit card statements show my tracks very clearly via fuel, CG, resturant charges etc.

Would this type of "proof" suffice without having paper recipts?

Rick

Rick, your credit card statements should be sufficient to show that you were in a specific location at a specific time. That's what I wished my client had done and it would have made his life and mine a lot easier.

Quote:

Originally Posted by Perry White

I asked this question long ago. What if there ar 4 members in the LLC. Each living in different states. Now what does the tax man do?? Who bought the RV? none of the 4. The corp bought it. The one that is in Montana. Tell the tax man to take a hike.

First off Perry an LLC is not a corporation and its treatment is different for both tax and legal purposes. In your example you are thinking that the taxing agencies will just drop it. From my experience, all four owners could end up getting notices and having to show who really did "own" the rig. Most RV's have loans on them which make the tracing pretty easy as to who owns the unit. Every vehicle I have ever purchased, both here and in other states, has required me and my wife to show my license and for them to make a copy of that license. Telling the tax collector to take a hike may make you feel better, but remember, the burden of proof is on the taxpayer so they hold the cards....and the keys to the cuffs if required.

RickO · 04-28-2011, 01:11 PM

Quote:

Originally Posted by wnytaxman

Rick, your credit card statements should be sufficient to show that you were in a specific location at a specific time. That's what I wished my client had done and it would have made his life and mine a lot easier.

.

Thanks much. I don't own an LLC but I'm not one to hang on to receipts either and have always felt/hoped that having a sustained record of CC statements would be enough if I ever had to prove such things.

Thanks again for posting this and sharing your expertise. I hope you're not taking the challenges and questions personally.

Rick

wnytaxman · 04-28-2011, 01:52 PM

Quote:

Originally Posted by Perry White

Isn't L3 Communications based in New York? How come all their Corp aircraft are registered in a Montana LLC? Seems like the tax man hammers on the little guy. Makes him think he has to comply to some state bullhocky. Where do you think D Trumps helicopter's registered?

Perry, aircraft are not licensed on a state level, but on a federal level. It is my understanding, and I may be wrong, that most states do not subject aircraft to sales tax because of the interstate commerce issues.

Quote:

Originally Posted by RickO

Thanks much. I don't own an LLC but I'm not one to hang on to receipts either and have always felt/hoped that having a sustained record of CC statements would be enough if I ever had to prove such things.

Thanks again for posting this and sharing your expertise. I hope you're not taking the challenges and questions personally.

Rick

Rick, just as a follow up on your question, you may need the individual receipt for business expenses such as meals and entertainment. For meals and entertainment expenses you have to show the date, who you took with you, the business purpose, and where you went. It also has to be somewhere conducive to a business discussion. The Boom Boom Club probably won't qualify!

I don't take any of the comments personally because much of the world of taxes is very complex and obtuse and just a bear to understand. Too bad really because a lot of the complexity really isn't necessary. I posted this same information on another RV site and you would have thought that I insulted the Flag, Motherhood, and Apple Pie. All I'm trying to do is to inform folks that may have the LLC or are considering one. To paraphrase the old expression, when the fertilizer hits the ventilator you don't want to be standing downwind. I'm just trying to save some folks the pain of being downwind.

mythplaced · 04-28-2011, 02:29 PM

Yea! 10% flat tax on all income ALL OF US... GE pays, I pay, you pay, etc...

No sales, use, etc.....

Unfortunately puts the "tax consultants" out of business...Sorry wynytaxman!

bdaball · 04-28-2011, 02:50 PM

Quote:

Originally Posted by wnytaxman

How about you bought the TV in New Hampshire where there is no sales tax? Do you think you owe it now? I'll guarantee you that your state thinks you owe it. Or if you bought the TV in Ohio and paid 6% but then took it back to Tennessee where the tax is 9% you could very well owe the difference in the taxes paid.

FYI, In an unnamed state north of New Hampshire, it is common knowledge once you have bought your $5k TV to put a cover over it if it's in back of the ole pick-up.
Several NH Appliance/Electronic stores regularly send advertising mailings out to the north. "NO SALES TAX" is usually found somewhere on their flyers.

wnytaxman · 04-28-2011, 02:55 PM

Quote:

Originally Posted by mythplaced

Yea! 10% flat tax on all income ALL OF US... GE pays, I pay, you pay, etc...

No sales, use, etc.....

Unfortunately puts the "tax consultants" out of business...Sorry wynytaxman!

I hear that all the time, but when you look at the stats it's not a real attractive option. The top 1% of taxpayers pay more in taxes than the bottom 95%. Over 75% of all taxes are paid by the top 5% of earners. If you want to give the wealthy a really big tax cut then go to a flat tax and you can basically wipe out the middle class with taxes.....that is the few of us who are left!