Fatpants's picture



MEMBER SINCE   June 25, 2014

Just a fat guy killing time at work. THE Ohio State University, Class of 98.


  • SPORTS MOMENT: Always beating michigan

Recent Activity

Comment 24 Aug 2019

Banks require all that information to open a business account. 

Comment 23 Aug 2019

paragraph and precedent from the official bureaucrat's rulebook

IRC § 7611

that's why things are funneled through churches-or do you think every cash dollar in the donation plate goes exactly where it is theoretically supposed to and gets recorded as such?

No, but the same can be said for any business that customarily takes in cash. 

Comment 23 Aug 2019

Absolutely, and that's why audits of churches need special authorization to be started. The IRS can't pop in randomly like they do to everyone else, they need evidence of something first.

Comment 23 Aug 2019

The IRS can conduct an examination and come to whatever conclusion they feel is proper. If the taxpayer doesn't like it, he can appeal, and if the appeal doesn't come out in his favor, his final recourse is to file a suit in the tax court. The burden of proof in that situation would be on the taxpayer (meaning the money laundering church would need to come forward with enough evidence to convince the court the IRS is wrong). On top of all of that, I doubt any church in a sketchy neighborhood is willing or able to bear the cost of that litigation, tax attorneys that will go into court are quite expensive.

I guess that's the long way of saying the IRS doesn't need to prove anything in terms of churches moving unexplained, undocumented chunks of money around. If the IRS catches wind of it, they can assess UBIT or go the route of yanking the church's tax exemption, and the church has a long, expensive, uphill battle to prove otherwise.

Comment 23 Aug 2019

Audit rates for exempt organizations are lower than they are for individuals, just because exempt organizations have less motivation to cheat and that’s reflected in the results of audit in terms of the rate of change. To imply they can run wild and move gobs or cash around without an eventual knock on the door is erroneous, especially with the Patriot Act trying to keep that very thing from occurring. 

Where churches generally break rules with impunity is by engaging in prohibited political activities by endorsing candidates from the pulpit. 

Comment 23 Aug 2019

Tax exempt doesn’t mean you aren’t still filing returns and subjected to IRS scrutiny. 

Comment 15 Aug 2019

Yeah, fuck those guys. Fuck them 1000%. I hope three decades of alumni sue their balls off.

They towed my car from my lot even though it had the sticker. I had to walk from 12th down to 5th (pre-gentrification) in a suit to get my car back. I could see the damn thing through the fence with the sticker in the window. Still had to pay, but thankfully the landlord (small, independent owner) got my money back.

Comment 15 Aug 2019

The per unit cost is low, but that’s how IP works. 

Comment 14 Aug 2019

If someone is making money on it for $20

That someone making money on it for $20 is doing so because all they've done is stolen the design. They're not negotiating with the universities, paying licensing fees, or employing designers to create it. 

Comment 14 Aug 2019

The "tough interview" can be a tricky thing in college football. Politicians and other public figures are almost obligated to talk to the media, but the general public cares less about coaches standing up and facing the public.

Comment 14 Aug 2019

I'd bet a house payment 11w is incorporated, thus Corporate.

I'll take that bet. 

 © 2006–2019 Eleven Warriors LLC

Some time ago I read a very well-written legal opinion from an attorney (long story) that laid out why an LLC was not "incorporated" in the legal sense. While both corporations and LLCs need to be registered with the state, they're two different animals. 

I'll take the money via paypal or I can set up a venmo account if that's your preferred method. I'll trust that you're sending me the full payment amount.

Comment 13 Aug 2019

Life lessons: the devil is in the fine print, make sure you read and understand before signing, contracts written by the other side tend to favor the other side and they’re not changing it after the fact.

Be glad you learned this the easy way this time.