For Sale Artifically Aged Reprints $5.00 Makes Great Gifts See Pics

[rarerookies]

If I understand your screen name to represent what you do for a living I assume you are a CPA. Your profession over the last 10 years have been plagued by immoral acts that did far worse to the nation than a few reprint baseball cards. Hmm... ENRON!!

CPA's do tax write-offs here, have "business lunches" and list attic space as a home office.

It's hard to believe someone who's associates basically dove us into a recession by inflating companies net worth's, cooking books and destroying trust in financial institutions would have such a problem with a few reprints.

Hows your quarterly's looking?

Originally Posted by vintagecpa

Using the words meth and nazi's to justify your business? Unbelievable. The mere fact that whole reprint is evenly aged except for the copyright which is completely removed speaks volumes towards your target audience and your business ethics. You should be ashamed of yourself and should feel guilty for the role you have played in all the dishonest transactions these cards have been involved in on Ebay since you started your business, even if you weren't directly involved.

[bigtrain]

Prior to the unwarranted, idiotic attack on another member's legitimate and honorable profession, I was on the fence as to whether a ban or suspension as suggested by others would be appropriate. I was unreasonably optimistic that the poster could be shown the error of his ways. Obviously, that is not going to happen. The OP is morally bankrupt and has no clue as to the true meaning of the civil liberties he claims to embrace.

[Matthew H]

How much for the Ruth?

[vintagecpa]

LOL. I never thought my professional choice would get ripped on a baseball card forum. For the record, I am a CPA. I think it would be a stretch to blame the latest recession on CPA's (or Enron). I don't know a single CPA that sold a sub-prime mortgage. Yes, when I prepare peoples taxes, there is a certain amount of "writing off" that occurs. But there is this minor detail called the tax code that guides us as to what is legal and not legal. Most everything is in black and white. A very similar code exists with copyright laws. But I'm sure your not interested in hearing about those laws.

[rarerookies]

So would you say "writing off business lunches or supplies" is governed by black and white or falls under the gray area and can be interpreted in different ways as taking legal copyrighted reprints and altering them to appear aged?

Originally Posted by vintagecpa

LOL. I never thought my professional choice would get ripped on a baseball card forum. For the record, I am a CPA. I think it would be a stretch to blame the latest recession on CPA's (or Enron). I don't know a single CPA that sold a sub-prime mortgage. Yes, when I prepare peoples taxes, there is a certain amount of "writing off" that occurs. But there is this minor detail called the tax code that guides us as to what is legal and not legal. Most everything is in black and white. A very similar code exists with copyright laws. But I'm sure your not interested in hearing about those laws.

[rarerookies]

lol

Originally Posted by Matthew H

How much for the Ruth?

[vintagecpa]

I'm afraid your just too unknowledgeable of the subject to have an intelligent conversation. However, I will answer your question simply for the entertainment value. If you are a business, you are allowed to "write off" 50% of meals and entertainment expenses. You obviously need to provide receipts and have some type of record that the expense is business-related (in the event of an audit). Business supplies can be deducted 100%.

In your case, for your business, you would be able to deduct (write-off) the cost of the legitimate reprint cards and aging chemicals (aka business supplies). If you go to lunch with you reprint card salesperson, you get to deduct 50% of that meal as long as you were discussing business. Not much of a gray area.

[rarerookies]

You must work for H&R block and don't understand the complexity of today's tax laws and the room built in for interpretation in those laws by lawmakers.

Originally Posted by vintagecpa

I'm afraid your just too unknowledgeable of the subject to have an intelligent conversation. However, I will answer your question simply for the entertainment value. If you are a business, you are allowed to "write off" 50% of meals and entertainment expenses. You obviously need to provide receipts and have some type of record that the expense is business-related (in the event of an audit). Business supplies can be deducted 100%.

In your case, for your business, you would be able to deduct (write-off) the cost of the legitimate reprint cards and aging chemicals (aka business supplies). If you go to lunch with you reprint card salesperson, you get to deduct 50% of that meal as long as you were discussing business. Not much of a gray area.

[vintagecpa]

This will be my last post regarding this hopeless conversation. I assume your last post is some sort of personal attack on my knowledge or skills. I'm afraid there are very few CPA's working at retail tax outfits like H&R Block. Most CPA's have their own practice (myself) or work for a larger CPA or private firm. However, I am somewhat familiar with the training and software H&R Block uses. If you walk into your nearest H&R Block and ask the same questions you ask me, you should get very similar answers.

Judging by how vehemently you are defending yourself, I suspect you don't see yourself doing anything wrong. At the very least, if you are going to continue with your current business (and I suspect you will), I would recommend not removing the copyright wording during your aging process. It is the one area that could potentially get you in trouble. Have a Happy Black Friday.