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Moe, thanks for all the info. I hope I get to use it soon!!! Still chasin tail!
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Yes, I got a 1099. You pay sales tax on the boat, motor, and trailer each, plus all registration and license fees too. A trip to the county and tp&w.
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Moe, did you get a 1099 form to add the cost of the rig to your income taxes for that year? Just curiuos. R did you just have to pay the "sales tax" on it?
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Originally posted by Ibtsoom View PostFact is they don't tell you up front. Lots of people don't have 10k or the ability to borrow it.
You do not have to pay the taxes up front. You fill out a form and pay it off in monthly installments. The IRS works with you. Yes, CCA explained the taxes up front and I learned about the installments by calling the IRS.
Moe
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Originally posted by FLAPPER View PostYea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".
The majority of caught tagged reds do not qualify due to not being registered in the tourney. The lie detector test is not that difficult. The process is simplified! Still does not mean you won't be nervous, but it is not as difficult as you think.
Moe
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My Skeeter was a Door Prize for the AADE Tourney. heck, taxes were gladly paid by the winner.
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Originally posted by FLAPPER View PostYea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".
Still a great deal but it will cost you those taxes. I'd love to catch one.
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Originally posted by FLAPPER View PostYea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".[emoji107]
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Originally posted by FLAPPER View PostYea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".[emoji107]
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Originally posted by pieman View Post?? Im confused. You win a boat package worth 80K but your more worried about the 10K taxes? Maybe my math is not too good but that is still a 70K payday........
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Originally posted by FLAPPER View PostYea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".
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