Miscellaneous Discussion Thread
No details have been released but Linq security detained the family on the casino floor because the parents were suspected of fraud of some undisclosed nature.Quote: FleaStiffWhy do felons always flee to Las Vegas and why did they come to the attention of Linq security personnel?
maybe the greatest line in all of film:
"a boy's best friend is his mother"
Quote: djatcIf you guys ever go to Lucky Penny at the palms ask how much everything costs at the pastries area. They never put prices on them and I asked why they do that and they said it's to make it more "fancy". That is dumb and therefore everytime I go there to use a comp I ask them how much everything costs. Have fun
Sounds like a hoot. Well worth an uber adventure.
Quote: mcallister3200Finally fly away from the east coast today, out of Boston, after two weeks in the general region and I feel like I’m Keanu Reeves in the movie Constantine when he is escaping from hell. Now I understand why there are so many angry people.
I love it here. I find the west coast as annoying as you find the east.
Quote: mcallister3200Finally fly away from the east coast today, out of Boston, after two weeks in the general region and I feel like I’m Keanu Reeves in the movie Constantine when he is escaping from hell. Now I understand why there are so many angry people.
wicked awesome go sawcks
^ ya i'd get tired of that after a hwile
Quote: gamerfreakI find the west coast as annoying as you find the east.
such as all the plastic people in LaLa Land (L.A.) who work as waiters and tell you they're movie Directors.
they lead the world by a great margin in consumption of Botox
Thirty five year old murder of baccarat dealer never thought by police to be linked to mgm skimming despite vague rumors.
He was part time leg
breaker for pizza shop owner cops made no headway there though.
Recent tip to CrimeStopper said to have sparked renewed interest in where cops should have started: an older relative whom he would have trusted to approach him without fear.
Stupid Saturn has 199,890 miles. I feel like Al Bundy when his died right before a milestone.
Quote: GWAEI feel like Al Bundy when his died right before a milestone.
You are married with children.
Assume the business, an LLC, would never be paying back the individual for the money. I.e., it is not a loan, but just given freely to the business.
Quote: TigerWuAn individual wants to use his personal money to pay off the debts of a business. How would one structure the transaction, both for immediate accounting and then income tax purposes?
Assume the business, an LLC, would never be paying back the individual for the money. I.e., it is not a loan, but just given freely to the business.
If it is a single member LLC and you are that member, you can make it an Owner Contribution and just deposit it right into the business account. If there are other members of the LLC it could be more difficult and might have to be recorded as a gift which might be subject to a gift tax.
Disclosure: I am not an accountant and many people tell me that I am full of crap.
Quote: TigerWuAn individual wants to use his personal money to pay off the debts of a business. How would one structure the transaction, both for immediate accounting and then income tax purposes?
Assume the business, an LLC, would never be paying back the individual for the money. I.e., it is not a loan, but just given freely to the business.
A business...HIS business? Or someone else's? Is he a part of the LLC currently? If not, is the LLC willing to make him a part of it?
No matter the answers to those questions, chances are that if a person wants to retire the company's debt, they should be buying into the LLC, so they're entitled to take the losses against their personal taxes. There should be a determination of the value of the assets of the LLC (actual, future and potential) that objectively outweighs the debt, or the buy-in would be pointless.
The purpose of forming the LLC in the first place is to protect personal assets from the business debt or failure. So if the LLC does not have a potential future, and you're just trying to avoid bankruptcy by someone dear to you by getting them back to zero, it may be wiser to let the LLC go bankrupt, because the individual (s) are protected to some extent already .
It may also be smart, if you have a large tax liability, to become a partner in the LLC, fund the debt, and take those losses against your tax liability rather than paying the taxes on your income.
You may want to do this over several years if possible, rather than 1 chunk, because a business only has to show a profit 2 years out of 5. You could take all 5 years to fund it, for example, if their debt can be spread, and you invest just enough to show a slight profit for the LLC through your participation this year, then 3 years of losses you can deduct at your share of it, then maybe it's gotten through the bad times.
A word salad to some extent because I am not an expert - I know just enough to be dangerous. You really want a tax expert or business advisor to look at it before you do anything. I would suggest you PM Paradigm on here and ask if he could advise you, or look for other experts in your state of residence. It does matter what the state laws are on these things.
It might cost you a few hundred dollars to have someone knowledgeable look at your situation. I believe it would be money well spent. I can recommend someone in Florida, if that's where you (or the business, actually) are.
An LLC offers little protection if you do not follow the proper procedures and someone wants to come along and say since the business books were not properly kept, it was all a sham.
Quote: rxwineIt probably ain't right, to wonder how cheap someone with beachfront property on the Florida panhandle might be willing to sell recently destroyed property.
You are better than I am. I think about squatting on the land until it legally becomes mine.
have adjusted boundaries. If a house is to be demolished and you unknowingly buy it, you can be stuck
with demolition expenses and it is a priority lien.
When the hyperloop is built Gulf Coast property values will soar. No clogged roads to evacuate on storm approach, easier to ship new high value merchandise out of harm's way.
Quote: FleaStiffCareful. Erosion and accretion can add to or diminish the shorefront but storms are sometimes held not to
have adjusted boundaries. If a house is to be demolished and you unknowingly buy it, you can be stuck
with demolition expenses and it is a priority lien.
When the hyperloop is built Gulf Coast property values will soar. No clogged roads to evacuate on storm approach, easier to ship new high value merchandise out of harm's way.
Seems like every part of the country thinks they are getting a hyperloop. Pittsburgh is supposed to get one from here to Columbus to chicago. I doubt it in my lifetime.
Quote: TigerWuI always wondered why beachfront property was so expensive. You'd have to PAY me to live there. It's always windy, sand everywhere, tsunamis and hurricanes, sea levels rising.... Blech.
Not to mention you can't get insurance, and everything you own, from cars to electronics to books, rots really fast.
all those storm damaged goods may be willing to chip in.
Quote: FleaStiffYeah, but those first ones have to go somewhere and insurance companies who have to pay for
all those storm damaged goods may be willing to chip in.
All the major insurance carriers went nuts after Andrew in 1991, hiking rates. Most haven't insured beachfront since then. And since 2004, with Charlie etc, they've stopped writing policies practically anywhere in Florida. The policies you can get, they tend to be exempt from windstorm and hurricane claims, or have huge deductibles. Most of those are underwritten by the state and passed through other companies.
Most of those people post-Michael will get very little, if anything, back on their insurance. Maybe Tallahassee, as far back from the water as it is will have some homeowners get compensated for decent amounts.
Quote: beachbumbabsAll the major insurance carriers went nuts after Andrew in 1991, hiking rates. Most haven't insured beachfront since then. And since 2004, with Charlie etc, they've stopped writing policies practically anywhere in Florida. The policies you can get, they tend to be exempt from windstorm and hurricane claims, or have huge deductibles. Most of those are underwritten by the state and passed through other companies.
Most of those people post-Michael will get very little, if anything, back on their insurance. Maybe Tallahassee, as far back from the water as it is will have some homeowners get compensated for decent amounts.
I honestly don't feel bad for these people. If someone chooses to live where there is going to be a tornado, or in tornado alley where you are more than likely going to see a tordnado, or in san bernardino where you are probably going to see a fire then they should be wealthy enough to take on that risk or be self insured.
When we bought our house we had looked at another one. We found out that if it rains really hard there is a good chance you will get flooded from the creek. Even though it was a nice house it was not worth the risk so we moved on,.
https://calvinayre.com/2018/10/17/business/5dimes-tony-missing-costa-rica-reported-kidnapped/
Ive always kind of liked him and found him fair.
Rumors are his family already coughed up a mill with no return. Also that his wife is a suspect.
pet peeve:
guys who bring drinks into public bathrooms
some urinals even have a ledge above them to hold the drinks
I don't think women do that - I might be wrong
so very disgusting
barf me out - gag me with a spoon
They do it so as to have something to go with the after dinner mints that are left in the urinals..Quote: lilredrooster
guys who bring drinks into public bathrooms
Best martial arts actor for my money is Donnie Yen. He is a legitimately good actor who happens to be a good martial artist.
Bruce Lee was okay acting-wise, but not much range. Not really fair to judge him, though, since his body of work was really small. He had the potential to be really good if he survived, because he took his work very seriously.
Jackie Chan is probably the best for action-comedy. He was raised in the entertainment industry and has had decades to hone his craft.
I could never get into Jet Li. A capable martial artist, but overall I think he's kind of a boring actor.
Tony Jaa is awesome from what I've seen, but his body of work doesn't seem very big, either.
I think Van Damme is legitimately a good actor, as far as American martial arts movies go. Not great, but definitely good as far as the genre is concerned. Check out JCVD if you haven't for his peak acting chops.
Dolph Lundgren is alright, too. Seagal sucks. Chuck Norris sucks.
Scott Adkins is awesome but for some reason he seems stuck in D-movie land.
Who else?
I was very impressed with Seagals first movie. Not much since.
(I've maybe watched two episodes of Walker: Texas Ranger, ever, and exactly zero Chuck Norris movies. That said, the mere existence of, "Chuck Norris Facts," alone makes him the best, because many are truly hilarious.)
Quote: Mission146and exactly zero Chuck Norris movies.
the only thing worse than a Chuck Norris movie is a Steven Seagal movie.
Reminds me of the Dos Equis beer commercial. "Stay thirsty my friends"Quote: Mission146If you're posting in this thread, it's because Chuck Norris allows you to.
Quote: lilredroosterthe only thing worse than a Chuck Norris movie is a Steven Seagal movie.
If you thought Invasion USA was bad, check out the original from the late 50s/early 60s.
Quote: unJonEnter the Dragon - a Bruce Lee film with Chuck Norris as the bad guy. Amazeballs.
You're thinking of Way of the Dragon. And yes, that fight is pretty cool.
But Enter the Dragon is a good movie, too.
the title is "Walk to Vegas" - the trailer:
Quote: TigerWuYou're thinking of Way of the Dragon. And yes, that fight is pretty cool.
But Enter the Dragon is a good movie, too.
Yes. Thanks.
Secondly...
Quote: Mission146If you're posting in this thread, it's because Chuck Norris allows you to.
(I've maybe watched two episodes of Walker: Texas Ranger, ever, and exactly zero Chuck Norris movies. That said, the mere existence of, "Chuck Norris Facts," alone makes him the best, because many are truly hilarious.)
They were pretty funny for a minute, ten years ago. Then someone discovered that they are absolutely hilarious if you remove the punchlines.
Quote: lilredroosterthe only thing worse than a Chuck Norris movie is a Steven Seagal movie.
Please don't feed the trolls
ShokuninQuote: djatcSteven seagal is the biggest weeb of all time dont @ me
Quote: djatcSteven seagal is the biggest weeb of all time dont @ me
@djac.
He is a big weeb. (I looked it up).
However, his first few movies were awesome.
The kills of the bad guys are the GOAT.
When you insult him, you go 0-6 on picks.
Quote: Rigondeaux@djac.
He is a big weeb. (I looked it up).
However, his first few movies were awesome.
The kills of the bad guys are the GOAT.
When you insult him, you go 0-6 on picks.
I liked him on Mad TV
Tell him he has to act his way out.
If so what are you invested in? How is it working out for you?
And for the very first time I actually understood all the words to that song.Quote: petroglyphYou guys talkin about Steve'N'Seagulls?
I figured a BOGO pizza must be the chef's specialty and they were trying to promote it. I wondered what came on a BOGO pizza. I decided a free BOGO pizza was something worth breaking my diet for.
I pieced it together about 24 hours later.
