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To: rolling_stone
Did you read anything I wrote? If they are making money its a business with a profit motive and result..
Evidently profit is the only difference. So now I must keep records of my expenses and revenues so that I can show the government how much profit I've made.

This sounds very familiar...
285 posted on 09/16/2005 4:47:18 AM PDT by Your Nightmare
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To: Your Nightmare

Naw, Nightie ... the fly in your particular ointment lies in the conversions of things bought tax-free as a "business" that you convert to business use.

As I pointed out earlier, there are a lot of ways that can cause the state tax folks to visit for a nose to nose with you.

Be sure and take a pencil with you (dull-pointed, of course) so you can send us your cell number.


294 posted on 09/16/2005 7:39:23 AM PDT by pigdog
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