When you're done with the childish insults, and ready to discuss PLNI, try reading this exchange - tell us what you think about good ol' Pumpty's "hypothetical"...
By: detroitlarry0
09 Mar 2006, 06:42 PM EST
Msg. 50201 of 50202
(This msg. is a reply to 49925 by rrm_b4u.)
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rrm_b4u - creating a new entity for the sole purpose of avoiding taxes is considered a felony.
Would you want to retract your statement on this matter?
Let's say you own a company and someone comes in and makes you an offer you can't refuse. How would you take the profits? Would you just take a check and wave by-by to half of it as you sent it to the IRS, or would you start a new company, invest the money in the new company as part of the transaction, and shelter the money from the tax man? You figure it out... any business man would.
ragingbull.lycos.com
By: rrm_b4u
09 Mar 2006, 11:12 AM EST
Msg. 49925 of 50202
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Here is a hypothetical for the longs...
Let's say you own a company and someone comes in and makes you an offer you can't refuse. How would you take the profits? Would you just take a check and wave by-by to half of it as you sent it to the IRS, or would you start a new company, invest the money in the new company as part of the transaction, and shelter the money from the tax man? You figure it out... any business man would.
Note the date of 2/16/06 for the new Sems company and 2/19 for the PLNI announcement of the completion of the acquisition. Coinicidence.
I really dod not know that this is the case, but if I were being bought out I'd consult a good tax lawyer and find a way to shelter the money.
rrm
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Hold)
ragingbull.lycos.com
By: sparsim
09 Mar 2006, 06:51 PM EST
Msg. 50202 of 50205
(This msg. is a reply to 50201 by detroitlarry0.)
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Taxpayers with specific questions on a tax scheme or who wish to report a possible scheme can call (866) 775-7474 or send an e-mail to irs.tax.shelter.hotline@irs.gov
ragingbull.lycos.com |
