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Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 3:03pm
You don't understand what a cash outflow is, but I'm the one who doesn't have any business sense, lol. He has to pay hotels and flights for his squad, which Tomac quoted as roughly $20k for a smaller crew. So Haiden has to spend $30k roughly. Sure he can make youtube revenue out of it, but his audience is probably...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 2:52pm
That's pretty laughable that you think that way. The riders bring their own outside sponsors into the series which pay virtually all their earnings. They also pay their own entry fees. The series pays the riders a purse, which is estimated to be roughly 1% the profit of the event on any given night. The riders receive nothing from the...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 2:32pm
I don't know the details. I got pulled over once for a speed that could have been reckless, but the cop voluntarily reduced and I drove home with a ticket. My instincts are telling me young kid, luxury car that the cop could never afford, probably hit 90-100 mph shifting to fourth gear. He probably could have been given a...

Vanders Added a reply to Update from Wasserman - Lucas Mirtl Case

3/22/2025 2:02pm
I say let it play out in court. Seems like Mirtl got sloppy / greedy but there's some weird stuff going on with the whole Wasserman group. Moloch worshipping parties, trips to Epstein island, the Kim K panties conspiracy, DEI fire chiefs who collect hundreds of thousands of dollars and turn off the water mains right before the city burns...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 1:41pm
not sure that i agree that supporting Luongo's criminal enterprise of a racing series for free is "representing your country." He has every right to wave the american flag, he pays his taxes and I'm glad he's not ashamed to do so, unlike others. To try and diminish his patriotism because he didn't agree to entertain you in europe without...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 12:04pm
to be fair, there's a big factual difference between getting arrested for what sounds like "criminal speed" vs using flashing colored lights to pull over random people. Yeah in js7 case it was probably just "for fun" but you really can get robbed/killed by someone pulling you over impersonating a police officer
well obviously the downside of being a W-2 employee, you don't get to expense anything anymore. the whole question presumes he has some type of small business or self-proprietorship. in that case, he has every right to advertise his business any way he sees fit and report those expenses.

Luxon MX Liked a reply to forum topic Starting an LLC for tax purposes/ writing off the moto

3/22/2025 11:39am
If OP reads only the first sentence of that response and runs off and does this, I put that on OP, not the CPA who wrote out a good explanation of things that OP didn't fully read. Regardless, this seems like a lot of effort and risk to save not very much money. Remember that all this isn't free. You have to pay to form the LLC, you have to pay an LLC fee each year, tax prep costs more and/or takes more time if you do it yourself, it takes time to document things and keep records, etc. Even...
This forum topic has 111 replies.
you're right that forming an LLC for the kid isn't required at all the fact that it's your own kid could potentially raise eyebrows, but doesn't make it against code you can use your own kid to expense marketing costs. to say otherwise is making a mountain out of a mole hill.

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 11:11am
I'm not kidding at all, Florida has become even 10X worse than bible belt states for its police state and general "holier than thou" attitiude. Every county / city has a ticket quota and its a huge racket. There's a nasty group of people behind financially sponsoring the politicians of that state, and they have made it against the law...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 11:04am
Laughing at this tired old argument. Haiden has no obligation to show up and perform and risk his health for your entertainment for free. Especially not to line thug Luongo's pockets for no purse/pay. I have more respect for Haiden after sitting out the Des Nations. Juju clown clown laughing at a guy who gets targeted and maliciously charged for...

Vanders Added a reply to Haiden Deegan Arrested for Reckless Driving

3/22/2025 10:58am
Florida has really become a zio-thug occupied police state. Really don't have enough bad things to say about that state government. You don't have freedom of speech, you don't have freedom of anything in that jurisdiction
I'm a CPA and can confirm this is 100% legal. You can sponsor a motocross rider or a go kart racer and call it an advertising expense. That's totally allowed, but it would be fraud if the rider never actually existed, or you never actually paid the rider. He's right that what most people don't understand is you're not getting...