Click here to go to the first RED TEAM post in this thread.   Thread: '06 TAXES! Could we pay IN FULL for the REDONE today?

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  1. #1 '06 TAXES! Could we pay IN FULL for the REDONE today? 
    Senior Member Mark Mannschreck's Avatar
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    I need to purchase just about 20k in equipment before year's end! Of course my RED came to mind...

    A remote possibilty?

    Probably not, but needed to ask!
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  #2  
    Fire Chief Jarred Land's Avatar
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    Youd be better to ask Kelly that question, im pretty sure its a no, for the reverse of the reason you are wanting to.
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  3. #3 is this legal? 
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    Pay your friend for it. Get a receipt. Give your friend a hundred bucks for his time. Your friend pays for RED ONE when it ships.

    (edit)
    I guess you would have to pay him in cash so he doesn't get hit with the tax. Or you could choose a friend that had a bad business loss this year? I feel dirty. Bye bye.
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    Fire Chief Jarred Land's Avatar
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    heh heh heh.. and then when your friend doesnt report the "income" on his taxes that you link too with the reciept and the IRS comes knocking, he kicks your ass.
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  5.   This is the last RED TEAM post in this thread.   #5  
    Red Leader Jannard's Avatar
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    Buy $20k worth of great lenses?

    Jim
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  6. #6  
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    you beat me to my edit, Jarred.
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  7. #7  
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    You beat me to my edit edit, Jim.

    I need to go to bed.
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  8. #8  
    Quote Originally Posted by superiormeat View Post
    I need to purchase just about 20k in equipment before year's end! Of course my RED came to mind...
    I had the same situation last year with the HVX... wanted to pre-pay EVS for it in '06.

    My CPA told me that unless you were getting VALUE from your purchase, you were skating on very thin ice using it as a deduction. Heck, the IRS isn't even that keen on large equipment purchases on the last moments of the year... if ever audited, they will show great interest in your Dec 29 $20,000.00 shopping spree...

    Regards,
    Jim Arthurs
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  9. #9  
    Senior Member Mark Mannschreck's Avatar
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    Quote Originally Posted by Jannard View Post
    Buy $20k worth of great lenses?

    Jim
    So you're sayin' I can pay for the Red Zoom and/or 300mm? I'll wire you the 20 today if you'd throw in a set of RED primes in '08!

    Now that would be a helluva value
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  10. #10  
    Junior Member r. dahl's Avatar
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    nice wish. next year hopefully.
    richdahl.com click on b of a stills to see works
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