Search results

  1. W

    Suggestions for broken Euro

    Had a euro simmer get away from me. Kinda glued it back together and then decided to use some pottery shards we found from the same area on a different trip and grouted them on. I'm sure somebody will want to put an arrow in my arse for this, but no gravesites were disturbed.
  2. W

    Seekins Havak Element 6.5 PRC

    You can try em all, but you'll end up with 143 ELDX. I tried 4 or 5 in my PH2 6.5 and the ELDX was shockingly accurate. Performed well on two antelope (630 yards, 375 yards) and one cow elk (330 yards). Nothing inside 200 though. That gun is sweet!!!!!!!!
  3. W

    Any way to avoid the tax man.

    What I am saying is that if you do it right (take a basis adjustment to fair market value at date of death and then add to that basis by the amounts paid to buy out siblings, add any improvements and carrying cost, add closing costs at dispo), then there is likely little, if any, capital gain...
  4. W

    Any way to avoid the tax man.

    DO NOT PAY YOUR TAXES AND MOVE ON! I'm going to give some general advice here in the hopes of not jeopardizing my license...but YOU NEED TO TALK TO A CPA. Code section 1014 of the Internal Revenue Code (google it) generally provides for a basis adjustment in the property inherited from the...
  5. W

    Need some advise, Bow for my wife

    "Bow for my wife"...sounds like a good trade to me (and I haven't even seen the bow).
  6. W

    Gila Processor

    I kinda doubt that you are going to be able to find a processor that will have your meat done before you are ready to head back home. If you really want this done, I would reach out to a processor in advance and tell them you are prepared to pay a premium (they just don't turn meat around that...
  7. W

    New Mexico forest closures

    One of the local news outlets is reporting the Forest Service has revised the temp closure end date to 7/18/22. https://www.koat.com/article/national-forests-newmexico-closures-fire-danger/40040112
  8. W

    New Mexico forest closures

    We have had forest closures in recent years around this time, though I don't recall a time when they were still closed into August. In the Gila, July is the wettest month (https://www.weather-us.com/en/new-mexico-usa/reserve-weather-july#rainfall)...guessing it is the same in most other forests...
  9. W

    Post your euro mount

    For touching up color, I've done the coffee grounds and it works okay, but the coloring doesn't seem right looking up close. Being an old baseball player, I figured why not try pine tar...hell that's what the critter used originally. Grabbed some tar out of my kid's baseball bag and it works...
  10. W

    Employee Retetion Credit (ERC)

    For 941's that were timely filed (not amended) that included ERC, we have seen some of those processed. I have yet to see a refund paid on a 941-X that included ERC. Hell, our Firm is still waiting on a refund from a 941-X that had a emergency paid sick leave credit for Q2 2020 filed back in...
  11. W

    Employee Retetion Credit (ERC)

    As a dork CPA, I wanted to throw out there a credit that many employers are not taking advantage of. I don't care to debate the merits of tax policy, just trying to make some forum members aware because this can be lucrative. CARES acted created PPP and ERC, however it said they couldn't...
  12. W

    Do you like higher taxes? Too bad, they are coming like it or not...

    All we are trying to do is avoid a matching notice from IRS (because there is no tax liability on the loss on sale of personal use assets). If this new reporting is in place for 2021 reporting, then I will likely have a shitpot of clients that will bring me 1099-K's. Historically, 1099-K's...
  13. W

    Do you like higher taxes? Too bad, they are coming like it or not...

    You guys should talk to a CPA. If you are selling personal assets (assets that have not been used/deducted in a trade or business), you should see no tax effect from this, unless you are selling these personal use assets at a gain (which is doubtful). The key here is personal and not business...
  14. W

    Alakanak Tent stove pipe size?

    Exactly...I have been doing it my entire married life. And I don't even own a stove.
  15. W

    Albuquerque Hotels?

    Honestly, Grants is pretty rough. I'd stay I-25/Paseo area in ABQ or go all the way. Doesn't sound like you are hauling a trailer, but if you are i would back up against something. Those bastards love to disconnect, drag it back, hook up and go. When are you pulling through?
  16. W

    New Mexico 16A Archery DIY or Outfitter?

    Love me some 16A...I'm a jealous bastard
  17. W

    CARES act forgivable loans for businesses

    Update SBA provided an updated interim final rule yesterday that changes the funding for formula for self employed individuals (Schedule C, Schedule F for farmers). In short, they are allowing those types of filers to calculate their PPP loan based upon GROSS income instead of net income. This...
  18. W

    CARES act forgivable loans for businesses

    Update The bill Trump signed had a couple important PPP effects: 1) PPP is completely tax free (round 1 and round 2). Completely blows IRS' position out of water. Expenses used to claim forgiveness remain deductible. Forgiveness income is not taxable. Forgiveness income adds to a partner's...
  19. W

    CARES act forgivable loans for businesses

    FYI-IRS issued some guidance last week (Rev Rul 2020-27 and Rev Proc 2020-51). Nothing earth shattering, basically just reaffirms IRS' position that the expenses used to claim forgiveness are not deductible. However, one thing IRS did clarify is timing...they basically said that if you have...
  20. W

    How are New Mexico covid restrictions going to impact hunting?

    Next Ridge, she changed the rules again yesterday (effective today). Link below to an article. Negative test means nothing under her revised order. Read the article, she is trying to get other state agencies (including Game and Fish) to take part in this enforcement madness...

Latest posts

Featured Video

Stats

Threads
323,672
Messages
3,398,852
Members
75,217
Latest member
tryntg

Latest Articles

Top