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Posted 05/04/2012 5:48 pm
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If someone is willing to tie up $1 million for a $12,000 a year return (1.2%), and still be 75% at risk, they know nothing about investments.
If someone is willing to tie up $1 million for a $12,000 a year return (1.2%), and still be 75% at risk, they know nothing about investments.
Ah, THE perfect customer!
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There absolutely would be some tax implications to all this. Especially if taking the car means paying all five years worth of interest upfront in year 1. This is the sort of thing guaranteed to make your CPA unhappy with you.
There absolutely would be some tax implications to all this. Especially if taking the car means paying all five years worth of interest upfront in year 1. This is the sort of thing guaranteed to make your CPA unhappy with you.
Yeah, that would be interesting to know. Any CPAs or tax attorneys in the CCF crowd?
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Since there's no way to get 100% benefits from the car until they end, I'm sure even the IRS would accept a pro-rated income argument, just like when someone sells a house on land contract.
Since there's no way to get 100% benefits from the car until they end, I'm sure even the IRS would accept a pro-rated income argument, just like when someone sells a house on land contract.
They might, Fredd, but then again, they might not. I gave up expecting sense from the IRS when they got into that "inputed income" nonsense. Getting taxed for something that we don't actually get seems about as close to robbery as I ever want to get.
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what if I don't want the Mercedes? will give a different car?
what if I don't want the Mercedes? will give a different car?
Exactly. Make mine a 1-ton Dodge pickup with all the goodies!
