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Old 10-23-2014, 09:49 AM
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tbomachines tbomachines is offline
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Join Date: Mar 2009
Location: Philadelphia
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Quote:
Originally Posted by sloride View Post
Your post starts out with back in the day. I wouldn't be surprised if the IRS, and state agencies didn't want to start taxing the use or depreciation as income to the sales person. Some money grabbin pol may have determined that a brand new car that sells for say 20K is a 17K car as a demo unit, therefore taxing bodies just lost out on the sales tax. I had a fishing boat years back that I would occasionally charter out and my accountant said do it on a cash basis only or the IRS may come after you for any time that I used It personally at the same rate as I had chartered it for.

Uh...what?


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Current stable:
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