To see my contact information, please visit my personal website at http://danielsadventure.info.

7h
awarded Popular Question
21h
comment What are my HSA contribution limits if one, but not all members of the family are covered by an HSA-eligible plan?
You mean that "Charlie" definitely wants to withdraw the excess :-)
1d
asked What are my HSA contribution limits if one, but not all members of the family are covered by an HSA-eligible plan?
Dec
18
awarded Popular Question
Dec
17
awarded Commentator
Dec
17
comment What to bear in mind when considering a rental home as an investment?
I have heard good things about management companies. I'm told that another advantage to using a management company is that when that toilet does break at 2 AM, not only do they answer the call, but they will save you money via their relationships with professionals they work with.
Dec
16
comment What to bear in mind when considering a rental home as an investment?
You hope that not everything will go wrong at once.
Dec
16
asked What to bear in mind when considering a rental home as an investment?
Dec
13
awarded Notable Question
Dec
11
awarded Popular Question
Dec
8
accepted How could IIS seemingly pull a web page out of thin air on my ASP.net WebForms application?
Dec
8
comment What are the consequences of IRS "reclassification"?
@littleadv, thanks for helping. You are the first person to suggest to me that there is anything illegal about what Bob's operation. Given how tricky some of these tax issues are, the only thing that has become clear is that Bob (and his acquaintances who engage in similar operations) need to seek advice from a qualified professional. From what I've gathered, the crux of the matter is whether or not Bob's S-corp is considered a "personal services company". After all, when Bank of America is too big to fail, Bob is far too small to be allowed to succeed.
Dec
7
awarded Editor
Dec
7
revised What are the consequences of IRS "reclassification"?
clarify and emphasize
Dec
7
comment What are the consequences of IRS "reclassification"?
I've had some more time to review this answer. Apparently, the key term here is personal services. This is discussed in more detail here: techrepublic.com/article/…
Dec
7
comment What are the consequences of IRS "reclassification"?
This is strictly a hypothetical situation, but it is rather similar to real situations I've heard people talk about in both meatspace and cyberspace. Bob is not a real person, but he is like people I know. It is quite obvious that it would be extremely unwise to make legal or tax decisions based on answers given on a web site such as this.
Dec
5
awarded Critic
Dec
5
comment What are the consequences of IRS "reclassification"?
-1: This does not answer the question at all. You are talking about why reclassification might happen while alleging that Bob committed tax evasion. This says nothing about what consequences result from reclassification.
Dec
5
awarded Curious
Dec
4
asked What are the consequences of IRS "reclassification"?
1 2 3 4 5