The Pierce County ass...essor has decided that Duane Wiebe needs to provide funding for every program in the welfare world

So...I am collapsing Sound Metal Products...it will no longer exist. Bottommetal is still available in the rarefied air of a sole owner.....(me)

These assessor (ladies) just don't get it!

Don't we live in wonderful times?
Did she at least say "I'm from the government,
I'm here to help?
Raff

Where I live the county taxes are all about property evaluation.....not what you're doing with it.....

If your building and land is worth $100,000 then it's taxed accordingly.....no matter if you made a dime on it or not.

Ending the business (at least here) won't do a thing for you....unless one sells the property!

Double check me on this!

Duane, talk to Forrest. He hasn't paid income taxes in years -- in fact, through creative deductions he gets tax refunds every year. That is how he finances all those rifles. Let him work out a tax strategy for you. He has some spare time now with his former client Allen Stanford on a long vacation.

Thanks for the referral Mike. Duane and I just got off the phone. I told him rule #1 was don't pick a public fight with the IRS or other taxing entities. All the other issues at hand, we're going to work through with his local CPA.

With Madoff and Stanford behind bars, Duane is my only remaining ponzi scheme.

quote:

Originally posted by ForrestB:
With Madoff and Stanford behind bars, Duane is my only remaining ponzi scheme.

Times are indeed tough.

Forrest...Mike JHC what would I do without friends like you.I'm so goddam pissed I could justify unpleasant leanings.... these goddamn fuckers have nothing better to do than screw with a working man...they couldn't hold down a real
job if their life depended on it...and I got to pay these pieces of shit (with taxes) so they can fuck with me....I don't get it!

Fact is that they resent folks that are industrious and work hard to make a better life for themselves and their family. They are petty little people that rather than try to pull themselves up by their bootstraps they would rather try to drag others down to their level. And then when you realize what they get paid and the benefits they are entitled to . . . well it is just criminal. Hang in there.

quote:

Originally posted by vapodog:
Where I live the county taxes are all about property evaluation.....not what you're doing with it.....

If your building and land is worth $100,000 then it's taxed accordingly.....no matter if you made a dime on it or not.

Ending the business (at least here) won't do a thing for you....unless one sells the property!

Double check me on this!

Most counties count the value of a company's inventory as "propery". In extreme cases they'll even count all the raw materials on hand and calculate how many products could be manufactured and tax you for that assumed value.

I'm glad I'm not a business owner, they really do screw with everybody. My buddy has his own business, he is always thinking about just throwing in the cards. Not only taxes, his bank restricted his credit, his business amex they lowered his limit even though had never had problems paying. They bend you over every time they get a chance.

I'm sorry to hear that they're giving it to you that way. I'll cross my fingers that you can figure something out and keep it going.

Red

Most underused word in the western world.

quote:

Originally posted by Duane Wiebe:
The Pierce County ass...essor has decided that Duane Wiebe needs to provide funding for every program in the welfare world

So...I am collapsing Sound Metal Products...it will no longer exist. Bottommetal is still available in the rarefied air of a sole owner.....(me)

These assessor cunts just don't get it!

quote:

These assessor cunts just don't get it!

The apostle Matthew was a highly despised Roman tax collector, but is also a highly venerated evangelical saint.....


"As Jesus passed on from there, He saw a man called Matthew sitting at the tax office; and He said to him, “Follow me.” And he rose and followed Him. And as He sat at table in the house, behold, many tax collectors and sinners came and sat down with Jesus and His disciples. And when the Pharisees saw this, they said to His disciples, “Why does your teacher eat with tax collectors and sinners?” But when He heard it, He said, “Those who are well have no need of a physician, but those who are sick. Go and learn what this means, ‘I desire mercy, and not sacrifice.’ For I came not to call the righteous, but sinners” (Mt 9:9-13).

In the eyes of the Jewish farmers and fishermen who had to pay him a toll to carry their products down the road to market, Matthew most probably seemed like a traitor: He was raising taxes for the Roman regime that held them in subjection. In addition, tax collectors enriched themselves by charging higher fees than they were required to turn over to the government. Thus, Matthew was probably regarded as a thief as well. Tax collectors were barred from the synagogue, just like robbers and murderers."

quote:

Most underused word in the western world.

I dunno, in my house that word gets daily, if not sometimes hourly use...even the wife, yes the wife lets it fly on occasion...

Ain't Washington lovely, Duane? I just love King County and all the brilliant economic policies of people whose heads are so far up their asses it gives new meaning to the phrase "Ring around the collar."
To hell with them all...

When I did my little fishing reel business I maintained no inventory, bought used machinery so there was no assets. Paid the sales taxes up front on all materials. And only charged labor. The crap I did collect taxes on and had to pay the state for was BS. I have to fill out five friggin pages of crap to send these jerks $40???? Then they want me calculate use tax. Not to mention all the rest of the BS going on.
Fortunately I didn't make a "new" product so I escaped the Federal excise tax on sporting gear

quote:

Originally posted by kcstott:
When I did my little fishing reel business I maintained no inventory, bought used machinery so there was no assets. Paid the sales taxes up front on all materials. And only charged labor. The crap I did collect taxes on and had to pay the state for was BS. I have to fill out five friggin pages of crap to send these jerks $40???? Then they want me calculate use tax. Not to mention all the rest of the BS going on.
Fortunately I didn't make a "new" product so I escaped the Federal excise tax on sporting gear

Yep. This is why no one makes anything in CA anymore. Biz has all wised up. I don't own ANYTHING in CA and I don't sell ANYTHING in CA. BOE can take their tax scheme and shove it up their Bolshevik asses.

In Sweden you only have to pay tax on profits you make and your own salory.

quote:

In Sweden you only have to pay tax on profits you make and your own salory.

90% of each...

quote:

The Pierce County ass...essor has decided that Duane Wiebe needs to provide funding for every program in the welfare world

Come on Duane, 12-20 million illegals (and 4x that number of liberals!) are counting on you for food, housing education, and luxury items!!!!

I will say this though. With the right CPA you can conduct business in any state at any level. I have a good friend that showed me the way to balancing the books so there was near zero profit reported. Deduct everything, document everything, keep all the receipts, There are plenty of way of making a decent living and not owing jack or very little to the feds and state tax collectors. All legal too. I by no means indorse cheating on your taxes or committing fraud in any way. But there are enough "expenses" to cover everything.

what lots of CPAs seem to ignore is using qualified retirment plans as a way to shelter money prior to expensing everything off. with the advent of the ROTH 401(k) the finger can be given to the IRS later in the form of tax free income wihich doesn't come with RMD reqs and which can also be stretched like the traditional IRA.

perhaps going forward but i doubt they'll retroactively apply if it ever happens. and in the meantime it's a great technique.

Little torqued up, but blood pressure is near normal today. Now, when I make a appeal to the arbitrary assessment, I have to appear before the Board of Equalization (Three members) and the Tax office tells me that three of them will be appearing. Is this rational? Why would it take three tax assessors to present their side?

And..I suppose they are all going to get overtime..which of course comes out of taxpayers pockets.

don't know what the laws there are, but here they have to show the value of the property by showing sales of similar properties in the area. thus it prevents them from valuing a property for a million when everything like it is 2 bucks. flip side is that then 1 property gets sold for an unreal sum they get to raise the chit out of everybody, repairs to this system include a suitable amount of high explosives

As the US economy collapses EXPECT the taxers and the bureaucrats from BOTH parties to try and extract every penny possible to delay the day of reckoning that is inevitable from unsustainable spending and promises.

The strategy should be low taxable income using every possible tax break, residing in the lower tax areas, low visible wealth and below the radar assets.

That will be the only way to weather the tax tsunami.

quote:

Originally posted by Duane Wiebe:
Little torqued up, but blood pressure is near normal today. Now, when I make a appeal to the arbitrary assessment, I have to appear before the Board of Equalization (Three members) and the Tax office tells me that three of them will be appearing. Is this rational? Why would it take three tax assessors to present their side?

And..I suppose they are all going to get overtime..which of course comes out of taxpayers pockets.

How are other similar sized businesses in your area handling their property tax assessments? Did they single you out, or is this just something that comes with the dinner?

quote:

Originally posted by Duane Wiebe:
Little torqued up, but blood pressure is near normal today. Now, when I make a appeal to the arbitrary assessment,

I made my first appeal and all I learned was that it was their game and I didn't know the rules.....and I was certain that they had over appraised my property.....so for the second appeal I went to the bank and asked who they used to write appraisals upon which they made loans.....and then I went to one of those guys and paid him ($300) to write an appraisal on my property and took that certified appraisal to the courthouse and asked the simple question....why is this appraisal so much different from the tax appraisal.....and (are you ready for this?) they lowered my appraisal 80%.....yes the county appraisal was five times the appraisal that was done by a Nebraska certified appraiser.....

Fight fire with fire.....in my case it worked and I didn't even have to shoot anyone!

quote:

Originally posted by Duane Wiebe:
Little torqued up, but blood pressure is near normal today. Now, when I make a appeal to the arbitrary assessment, I have to appear before the Board of Equalization (Three members) and the Tax office tells me that three of them will be appearing. Is this rational? Why would it take three tax assessors to present their side?

And..I suppose they are all going to get overtime..which of course comes out of taxpayers pockets.

you need to pack up and move to TEXAS!

quote:

Originally posted by kcstott:
I will say this though. With the right CPA you can conduct business in any state at any level. I have a good friend that showed me the way to balancing the books so there was near zero profit reported. Deduct everything, document everything, keep all the receipts, There are plenty of way of making a decent living and not owing jack or very little to the feds and state tax collectors. All legal too. I by no means indorse cheating on your taxes or committing fraud in any way. But there are enough "expenses" to cover everything.

My Dad, rest in peace, was a CPA, and one of my favorite sayings of his about taxes, financial statements, etc. was "I can take the same facts, tell you five different stories and not lie to you once."

Duane : If I might offer a suggestion for future venture ,this portion of your advertisement is incorrect !.

Due to retirement/disability rules and conflicts, Steve resigned as manager/partner in early 2011. The company is now solely owned by Duane Wiebe.

17719 Pacific Ave South, #248 ( NO WA. Address should be used ! )
Spanaway, Washington 98387

info@bottommetal.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it

Duane Wiebe: 253-230-5599


It should read contact Mr. Duane Wiebe at your number or the website which would be registered in Sparks ,NV.a simple P O Box is acceptable .

Advantage Mr. Wiebe , No state sales taxes , No inventory taxes either and where and whom ships those parts is FEDERAL BUSINESS, not any of those states concern !!!!!!!!!!!.

Dimwitted Bureaucrats extorting revenue, are forcing business entity's to become " Creative " !.

quote:

Originally posted by kcstott:
I will say this though. With the right CPA you can conduct business in any state at any level. I have a good friend that showed me the way to balancing the books so there was near zero profit reported. Deduct everything, document everything, keep all the receipts, There are plenty of way of making a decent living and not owing jack or very little to the feds and state tax collectors. All legal too. I by no means indorse cheating on your taxes or committing fraud in any way. But there are enough "expenses" to cover everything.

Until you get hammered with AMT ...

I didn't write this , it's posted under Businesses within Nevada !.

Nevada, widely known as the gambling capital of the world, has the fastest population growth of any US state, yet only a few miles from Las Vegas you'll find yourself in the wide open spaces of the "Old West" with its laissez faire attitude that, in many ways, still prevails. With the gaming industry and resulting tourism providing a major share of state tax revenue, along with its business friendly statutes and elected officials, Nevada provides businesses, especially smaller ones, what some consider to be the most advantageous economic, tax and legal environment in the US.

Along with having most of the benefits of Delaware, Florida & Wyoming, Nevada has no personal OR corporate income tax, is located in the booming western US (next to California & Arizona), and is the ONLY state to reject all information sharing agreements with the US' federal tax agency - the IRS.

Enjoy St. Patrick's day Lads , my Guinness an Bass await the mixing man , B&T ya know . Smoking corned rub seasoned briskets in the smoker for Pastrami tomorrow . Already cooked up 18 lb of corned briskets, then sliced wrapped an vacuum packed and froze em in my new chest freezer . An if none of ya being wearing the green ,then shame on ya !.

No one is going to escape their local (For Duane it's Washington) taxes by having a PO Box in Nevada. The local taxing authority will ascertain where the principal place of business is located - meaning where you manufacture, warehouse, make sales and conduct business operations.

In Washington state.

We have an annual inventory tax (state)

We have Personal Property tax (county), delclarations must be filed yearly by April of each year.

We have a destination tax for in state retail sales (state)

Sales levels are reported to the State on a monthly or by the quarters depending on the size of the busniess, and payment is required at that filing.

Also IF you close a business down, the County requires that you pay ALL of the PERSONAL Property tax within 30 days.

If the machinery used to make the Sound Metal parts is not owned by Mr. Weibe, he is simply buying finished product and inventoring it, then he is liable only for the inventory, not the Personal property of the equipment used to make it.

Who every OWNS those machines has to pay the Property tax on them.

If the State or County does an aduit they can go back for only a 7 year period, to collect taxes

If you do the paperwork correctly for the county or state and file in a timely basis no problem.

Corporations are a little differnt but the principle is the same on the county level.


James Wisner
Metalsmith

"There are plenty of ways of making a decent living and not owing jack or very little to the feds and state tax collector."
That works until you want to upgrade and the bank won't lend you any money because you don't show enough on your tax returns.
A good friend of mine always says "Owning a business ain't all it's cracked up to be."

Jim,

My tax accountant recently told me that the Dept. of Revenue can ask for records as far back as you've been in business. They had "requested" records from a client from 30 yrs ago. I'm not sure how legal this is, but I suppose it's up to you to hire an attorney to find out.

It steams me up to think of the power government has and their proclivity to use it against anybody they choose.

Roger

It very well could be if they wanted to get nasty.

I was last Aduited by WA Dept of Rev. in 1994, and LeeRoy in 1995, they only wanted to see 7 years of records.
when I talked to our old friend Maurice in that same time frame as he was being aduited, again they only wanted 7 years worth.

It very could be a case by case basis of just how much money are they going to get vs how much time they spend on the aduit.

Have been lucky enough to not have been bothered by the County as of yet, but have declared the personal property for a number of years. I even went in one year and had them update the machinery list so we could track the three machines I owned of the same make and model. They thought that was a real good idea, as two of them had been purchased in the same year.

Have you done any more work for our friend Tom lately ?

James Wisner
Metalsmith

All of this stems from the American People's insatiable desire to have their government do everything for them from cradle to grave.

Do not blame your government. They government is you (meaning everyone), and is only doing what you collectively are demanding from it.

quote[There are plenty of way of making a decent living and not owing jack or very little to the feds and state tax collectors. All legal too.]quote



The federal and most state tax prosecution records would say otherwise. Regardless of how well you keep your records, if your expenses do not have reasonable business purpose they will be disallowed. If you do everything legally there is no such thing as tax avoidance. Tax planning is used to delay paying taxes for as long as possible, thereby gaining the use of those tax dollars to invest until you have to use them to pay taxes, or delay paying those dollars now becasue they might be worth less later due to inflation or otherwise.

quote:

Originally posted by Duane Wiebe:
I have to appear before the Board of Equalization (Three members) and the Tax office tells me that three of them will be appearing. Is this rational? Why would it take three tax assessors to present their side?

Duane,

Here in Indiana - those three "review board" members are made up of one Democrat, one Republican and an Independent.

Knew a fellow who sat on it for a year, he said it was unbelievable to see the different assessments, especially those that had a "winning" political sign out in front of their place in the last election, known associates, etc.

quote:

Originally posted by 22WRF:
Do not blame your government. They government is you (meaning everyone), and is only doing what you collectively are demanding from it.

That is just unadulterated bull crap.

As our private economy continues to slow, governments at all levels--local, county, state, and federal will all be scrambling for revenue. Why do you think the so-called Health Care bill included funding for 16,000 new IRS personel?

The governemnt employees are really working hard to collect all they can so they can retire in their early 40's and collect unbelievably generous pensions for ever, along with free medical care and a whole host of benefits that virtually no one in the private sector gets unless the EARN it themselves.

We've got to face the facts: Our governemnts are going broke. I expect to see a collapse in the bond market real soon, and when no one will buy municipal or federal bonds the real fireworks will begin. I advise everyone to store some food.