they get audited, at least, yearly by law
The IRS doesn’t audit annually, companies hire 3rd party auditors. And it’s not a tax requirement, it’s a public-company requirement.
they get audited, at least, yearly by law
The IRS doesn’t audit annually, companies hire 3rd party auditors. And it’s not a tax requirement, it’s a public-company requirement.
Yes there is a difference, but LLC is a legal concept, not a tax one. The IRS taxes sole proprietors the same whether or not they have an LLC.
Tax entities include sole proprietorship (default), partnerships, s corps, c corps. Any of those can be LLCs, but they don’t have to.
Profitability is just a proxy for whether someone is legitimately running a business, or just trying to save money on their hobby. Businesses can deduct expenses, hobbies cannot.
So if you are running an etsy store or an engineering company and buy a 3d printer to make parts, the cost of that 3d printer is subtracted from revenue for tax purposes. If your “business” is actually a hobby, it’s not legally a business expense and therefore it’s not deductible
(In the USA)
Fair. When I read “no one actually wants to use nukes” I think “no nuclear power’s public geopolitical doctrine involves a nuclear first strike.” But individuals will not necessarily toe that line.
Sure, in the same way volcanologists could mutate to survive being submerged in lava.
I’ve heard the exact same analogy applied to alcohol killing bacteria and it doesn’t convince me
576 rankine
I’m lacking context or something because I don’t understand why that is so significant.
I see “taxes” a lot but I have never seen someone explain the mechanism by which this is supposed to work.
The only thing I can come up with in my head is that they have capitalized the development costs and are currently depreciating the resulting asset. And that by cancelling/delisting the games it may allow them to immediately depreciate the rest of it, thereby recognizing a large expense for the current tax year, reducing profit, and therefore taxes.
Is that how this is supposed to work?
Yeah Tildes is exactly what OP is looking for. It was designed from the start to facilitate discussions and suppress memes
Eat the judges?
I was about to ask if, since you’re “extremely worried” about this (seemingly esoteric) potentially unconstitutional move, how you cope with the rest of the world.
Then I saw the second paragraph and it seems that you don’t.
What pays for the elder care without that wealth?
at this pint
How many deep are you? 😉
I trust Wikipedia more than I trust you and your…non-sourced claims. 🤷
You’re right, but the culture at any given plant might be hostile to doing things the right - safe - way.
This comment is very human
Are you familiar enough with the details to share them? Because this sounds strange to me - every plan has an out of pocket maximum and the highest I’ve seen is $14k. Are you including premiums? Do the costs span multiple years?
Sure, the marginal cost is basically nothing. Once you have invested billions in infrastructure.
Not saying 10 cents isn’t outrageous, just that 0.001 cents seems low
A lie, or just something that too often gets conflated with “the economy?”
Not really. See table 2 here (a ways down the page)
Cold generally slows degradation.
But using them at cold temps is bad