etdust

Tool bag found in the dunes.  Let me know if they're yours

Thanks!

Sold

2.5x14
Triple bypass
Powder coated black
I have the stickers just haven't put them on

Came off Gen 4 funco

$OLD

Looking to upgrade to bypass front shocks.

If anyone has a set they are looking to get rid of id be interested! 

Purdy!  Glwts!

WOW!  That came out amazing!  Congrats!

Great trailers.  Had the dune chaser version of this.  Glwts.

So sad. Rip

Looks good!

I have that coleman and it works great!

Beautiful truck.  Glwts

Happy birthday John!

Purdy!!

Thats legendary.  Plain awesome.

Beautiful!  Glwts!

I was given a pair of 16.50x15 dunesports.

I noticed they are a taller tire than my 14.50's.

Is there any reason I wouldn't want to use them on a subi/2d car? 

Will they cause too much traction?  

Pros/cons?

Merry xmas!!

Wow that's a good deal!  Glwts!

Love this buggy, always have.  Glwts

21 hours ago, Azdunerat said:

You cannot 1031 a primary is my understanding. 
 

there is a saying in the 1031 community. “Swap until you drop” 

the idea is that you use the full funds from one investment to buy another, usually in an upgrade situation or moving from residential to commercial investments.  That being said you want to continue increasing your income stream from the investment however if you ever sell the property outright you will end up paying a huge tax basis on proceeds.  However when you die your heirs will be able to sell the property without the tax burden. 
 

again I am no expert so consult your CPA and a 1031 advisor. 

That is correct.  1031s are for investment property, not personal residence.

That is not to say you cant 1031 a property that is currently an investment property and then turn it into your personal residence later to take advantage of the personal residence gain exclusion.

8 minutes ago, Duffordraw said:

This is the same for gen 4's correct?

I think the gen4s are 5.5"

22 minutes ago, Rockwood said:

401k has to be a similar package offered to all employees (maybe with a "highly compensated employee" exception), no?

Correct.   However it can really depend on how the plan is designed.  You can put in a "safe harbor" plan where it allows the highly comp'd to max out whether or not the participating employees are putting much in.  It just has some carved outs, etc for those but its a good option to avoid the top heavy testing, etc that traditional 401k plans require.

I really like profit sharing plans that get stacked on top of 401k plans cause it allows business owners to really get a big deduction when they have big years, but doesn't keep them on the hook in years that aren't as stellar.  Typically the owners have to give their employees money too, but they are typically able to take the lion's share for themselves because their salaries are typically larger so it makes sense dollars and cents wise, particularly for taxes.

21 hours ago, John@Outfront said:

I had someone suggest my company should buy my truck and rent it to me as well as my house.  any input would be nice

also exposure concerns

 

share your experiences good and bad

1.  Truck - Company owns the truck and leases it to you personally -   Wouldn't do it that way, if it were me I'd track mileage and just have the Company "reimburse" you for mileage driven on behalf of the business.  Then its a reimbursement, which isn't taxable to you personally, and is still a deduction for the Company.

2. House - Company owns the house and leases it to you personally -   I personally don't like mixing a residence into an operating business.  If the you know what hit the fan and someone sued the Company for everything it owns then your house would be up for grabs since the Company owned it.

My personal favorites for tax savings are these:

1. Put in a 401k/retirement plan of some sort --   This is the only tax deduction where you keep the cash, albeit you can't touch it for awhile, but you have the money and get a tax deduction.  Theoretically you are getting the deduction now while you're earning a ton, thus higher tax bracket, then when you take it out later in retirement you'll be earning less and then in a lower tax bracket and so you make the tax hedge there as well.

2. Buy the building you're Company operates out of and lease it back to the Company -- This allows you to get money out of the Company via rents to you since you own the building.  Then you also get the depreciation deduction against the rents paid to you from the Company.  Lastly this allows you another retirement income when/if you ever sold the Company and were able to continue leasing the building to the new owners.

3.  Congress has let loose a ton of tax credits the last 3 years.  Sifting through these is worth the time as you qualify for these sometimes and don't even know it.  Particularly the engine builders I'd assume you'd qualify for the research and development tax credits since you guys seem to be constantly innovating your builds/designs of how you guys do things.  There are alot of others as well that folks qualify for that based on the name of the credits most don't think they would.  Definitely worth spending time with your tax guys in this area.

One caveat on these:  Everyone's tax situation is pretty unique so this is all generalized stuff, so no guarantees, etc blah blah blah 

Thanks!  Been a great day for sure!!