Module Ship Dates....

[Thomas Di Nardo]

LOL. Yeah, probably...

[Kyle Gentz]

I'm sure undercover IRS agent "Stephen Williams" will have something to say about that.

Thats called Tax planning. Im hoping to get my scarlet monies out to RED before Dec 31, 2011. :)

[Terry VerHaar]

Thats called Tax planning. Im hoping to get my scarlet monies out to RED before Dec 31, 2011. :)

I think the point he is making is that it could be a little more complex than that. Simply sending the money may not be sufficient to qualify for the deduction in this year.

[Greg M]

Thats called Tax planning. Im hoping to get my scarlet monies out to RED before Dec 31, 2011. :)

Might want to consult with your CPA...when you pay is irrelevant, it's when the gear is first put into service that matters

[Jake Bastian]

Might want to consult with your CPA...when you pay is irrelevant, it's when the gear is first put into service that matters

Maybe for the deduction on the purchase, but it will definitely keep you from paying taxes on money that could be considered profit for the year.

[James Brundige]

Jared, my bomb squad rep, Chad, thanks you for this thread. Fewer emails asking questions he can't answer. It's funny getting a camera in waves, but I embrace the modular concept. Hopefully never have to do this staged acquisition again, because we'll keep using lots of the modules we're now waiting for.

But then again, you guys will probably invent something else so incredible everyone will want it right away. Don't stop.

[Terry VerHaar]

Maybe for the deduction on the purchase, but it will definitely keep you from paying taxes on money that could be considered profit for the year.

Uh - I think you'll have to explain exactly how those things differ. The tax deduction, when available, is what "keeps you from paying taxes..." Have I missed your point?

[Greg M]

Maybe for the deduction on the purchase, but it will definitely keep you from paying taxes on money that could be considered profit for the year.

yea, like I said, I would talk to a professional. This is probably for another thread, but just because you write a check it doesn't mean its a deduction. Expenses are expensed, but assets are depreciated and they are treated very differently. You can accelerate this depreciation but its still based on the date the asset was placed in service not the date you spent the money.

Its pretty fucked up and complicated, which is why we have CPA's.

[Jarred Land]

Can you get the stuff that is shipping in January up on the website in December so we can book the spend in FY11?

sounds like trouble :)

[Jake Bastian]

Uh - I think you'll have to explain exactly how those things differ. The tax deduction, when available, is what "keeps you from paying taxes..." Have I missed your point?

What Greg said. All I know is if the money is in my RED account instead of my bank account then that's a PP&E expense that comes off my bottom line, which means I'm not paying taxes on it. Depreciation expense would be separate from that.

Yeah, what Greg said.

Edit: Also what Jarred said :)