[asterisk-users] World Cheapest Predictive Dialer!

[C F]

On Tue, Jun 17, 2008 at 7:57 PM, Dean Collins <Dean at cognation.net> wrote:
> Bzzzt I'm not an accountant, and don't play one on tv but you are wrong.
>
> This only relates to the classification of the income as passive and has
> nothing to do with can a director of a business shield himself.
>
> Go pay someone $250 an hour and they'll tell you how it affects you and
> stop wasting electrons on this sill email chain.

Like I said in the last email, I misread it and it has nothing to do
with if a director of a business may rent his property to his
business.

>
>
> Cheers,
>
> Dean
>
>
>
> -----Original Message-----
> From: asterisk-users-bounces at lists.digium.com
> [mailto:asterisk-users-bounces at lists.digium.com] On Behalf Of C F
> Sent: Tuesday, 17 June 2008 5:23 PM
> To: Asterisk Users Mailing List - Non-Commercial Discussion
> Subject: Re: [asterisk-users] World Cheapest Predictive Dialer!
>
> My questions was to the fact that JRA mentioned he knows at least 3
> owners..... to which I asked if it was LLCs or other type of
> corporations, since LLCs have different rules. What I mentioned about
> it being illegal is for non LLC type of corporations, but for most of
> the other types of corporations, while it's possible that it is
> illegal for LLCs as well in some states I could understand that the
> rules could be relaxed for LLCs as well. As far as the IRS goes i'm
> quite positive that it's illegal for tax purposes, in other words it
> cannot be counted as a business expense.
> The way I understand this:
> http://www.irs.gov/businesses/small/article/0,,id=146835,00.html
> towards the bottom of the page, it cannot always be used as a business
> expense. Correct me if I'm wrong.
>
> On Tue, Jun 17, 2008 at 12:21 PM, Steve Totaro
> <stotaro at totarotechnologies.com> wrote:
>> You are probably confusing corporate tactics to pay less taxes vs
>> corporate tactics to protect assets.  The first does provide some
>> asset protection but is mainly to pay less taxes.  The second is to
>> basically "hide" assets through totally legal LLCs.
>>
>> Thanks,
>> Steve Totaro
>>
>> On Tue, Jun 17, 2008 at 12:00 PM, C F <shmaltz at gmail.com> wrote:
>>> LLCs?
>>>
>>> On 6/16/08, Jay R. Ashworth <jra at baylink.com> wrote:
>>>> On Sat, Jun 14, 2008 at 11:13:31PM -0400, C F wrote:
>>>> > > Happens in the commercial world all the time; it's a common way
> to "get
>>>> > > cash out of the corporation" -- a business's building is owned
> by the
>>>> > > corporation's owners, and rented to the corporation.
>>>> >
>>>> > This is actually illegal in some states and considered a breach of
>>>> > Fiduciary everywhere.
>>>>
>>>> May be, but I know at least 3 owners of private corporations who are
>>>> doing it, and their auditors seem fine with it.  I think that it
>>>> matters whether the corporation is public or not...
>>>>
>>>> Cheers,
>>>> -- jra
>>>> --
>>>> Jay R. Ashworth                   Baylink
> jra at baylink.com
>>>> Designer                     The Things I Think
> RFC 2100
>>>> Ashworth & Associates     http://baylink.pitas.com
> '87 e24
>>>> St Petersburg FL USA      http://photo.imageinc.us             +1
> 727 647 1274
>>>>
>>>>             Those who cast the vote decide nothing.
>>>>             Those who count the vote decide everything.
>>>>               -- (Joseph Stalin)
>>>>
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