Jump to content

chiefwahoo

Members
 View Profile  See their activity

  • Posts

    3,418

  • Joined

  • Last visited

  • Days Won

    4

  • Feedback

    100%

 Content Type 

Posts posted by chiefwahoo

    Selling records and the new tax law

    in Vinyl Collective Message Board

    Posted

    1 hour ago, stl_ben said:

    Businesses can be any size, it doesn't have to be your full time job.  As long as you are accurately keeping track of expenses it is easy to properly file this way, I've been doing it for years.

    Yes, businesses can be any size but the vast majority of people here will not qualify as a business per IRS rules. Maybe you're an exception. You can't have a full blown record collection and then file a Schedule C for the ten records you sell per year. But the IRS is so screwed up right now that nobody is getting audited anyway. If you're going to file a Schedule C that ultimately shows income, you're probably at a low risk. They have no manpower for major businesses much less small fry shit. But coincidentally starting your Schedule C business  the same year as new 1099 rules is obviously a red flag. Most of us just have to take our lumps.

     

     

    Selling records and the new tax law

    in Vinyl Collective Message Board

    Posted

    14 hours ago, dreamover said:

     

     

    But to those of you who always accurately pay taxes on all of your sales, without having an established business entity; how do you account for the expenses?

    That's the rub...you're not allowed to take any expenses for a hobby. And virtually nobody posting here is going to qualify under IRS regulations as a legit business as opposed to hobby loss/income criteria. We are stuck putting the whole damn amount as income and paying the taxes on it.  As someone mentioned, that's always been the rule anyway, we're now just being held accountable. Same thing with internet purchases. Before it was automatically taxes, who out there admitted on their state tax returns that they had made untaxed internet purchases and then ponied up the state tax due? Same concept.

     

     

     

    PO SOON: The Bronx - VI

    in Vinyl Collective Message Board

    Posted

    31 minutes ago, glass realms said:

    Following up on this again. Has anybody who ordered The Bronx issue of New Noise Magazine received their copy yet? I'm about to file a claim with Paypal because the magazine haven't responded to my emails. But I don't want to jump the gun just yet.

    I'd give it time, they can be quirky at times but always come through. Website says issue begins shipping in late August and I imagine it's media mail. I am actually about to re-up my subscription as it looks like it recently ran out and I didn't know it. Got to have the Bronx issue.

    PO: Strand Of Oaks - In Heaven LP

    in Vinyl Collective Message Board

    Posted

    https://www.hellomerch.com/collections/strand-of-oaks/products/in-heaven-translucent-blue-exclusive-vinyl

    PRE-ORDER NOW! THIS AND ALL PRODUCTS ORDERED WITH IT WILL SHIP ON OR AROUND OCTOBER 1ST!

    Exclusive Vinyl color not available anywhere else!
    12" Translucent Blue Vinyl 
     

     

     

    In Heaven [Indie Exclusive Limited Edition LP]

    https://recordstoreday.com/UPC/787790340850

     

    I guess the indie exclusive is different than the blue vinyl?

    PO: The Posies - The Classic 1990's Album Reissues

    in Vinyl Collective Message Board

    Posted

    Absurdly priced, be warned. Presumably due to getting screwed over by Pledge Music from the sounds of it.

    Limited-edition collection of The Posies Geffen albums in slipcase. LPs are on colored vinyl.

    We’re really pleased to at long last, offer these to you Posies fans the way we had originally intended. There are about 200 CD sets and slightly less than 150 LP sets, so this sale is to our mailing list only.

     

    http://omnivorerecordings.com/shop/the-geffen-years/

     

    This month’s special sale is truly special. For those who have been following along with us, and jumped on the Omnivore train because of your love of great pop music, you may remember that in our efforts to reissue The Posies albums (Dear 23, Frosting On The Beater, and Amazing Disgrace) we had a Pledge Music campaign. We had to do this to offset the tremendous costs of putting these out the way the band and Omnivore wanted them presented—with attention to detail, quality and making them as comprehensive as possible. The Posies guys being the awesome guys they are, jumped in whole-heartedly. How were any of us to know that Pledge would crash and burn, and take the money with it? We had zero recourse, because Pledge was a company located in the UK. All our efforts were for naught and we wound up in the hole. Further, when we changed distributors, we couldn’t locate the special colored vinyl we’d made for the campaign in the warehouse.

    Well, we had to change distributors again last year and some of our missing stock showed up. So we made up as many slipcase sets as we could and are going to offer them to you with some other Posies paraphernalia. All three double CDs in a special slipcase for CD lovers and all three double LPs (on exclusive colored vinyl) in a special slipcase. One time only, while they last and please one per customer (of each configuration).

    We’re really pleased to at long last, offer these to you Posies fans the way we had originally intended. There are about 200 CD sets and slightly less than 150 LP sets, so this sale is to our mailing list only. Thanks for hanging in there with us Posies people. There are good things on the horizon, but while we’re cooking those things up, spin some great sounding classic Posies this summer!

    In addition to the CD & LP collections, we’re inducing a handful of other Posies items that have turned up after moving to a new warehouse.

    PO: Punk Rock Saves Lives compilation LP (Descendents, Bouncing Souls, Face to Face, Anti-Flag, Flogging Molly)

    in Vinyl Collective Message Board

    Posted

    https://www.imrecordsstore.com/product/punk-rock-saves-lives-the-album-volume-one-vinyl-coming-soon-/5?cs=true&cst=custom

     

    Punk Rock Saves Lives ... the Album! is a series of IM Records vinyl-only fundraiser albums 100% of net proceeds donated to punkrocksaveslives.org, a Colorado Nonprofit Corporation / 501(c)(3) public charity. The songs on Volume One!! Descendents "Cortés," Flogging Molly "Salty Dog (Acoustic)," H.R. "Stay Close," Anti-Flag "20/20 Vision (Acoustic)," The Bar Stool Preachers "Inner City Cinderella," Authority Zero "PRSL," Mercy Music "Overjoyed," These Roving Years "Positive Force," Reno Divorce "Hopeless and Dopeless," The Bouncing Souls "Battleground," Face to Face "Resignation (Live)," Cigar "In Armor," United Defiance "Empty Advice," The Faction "Skate and Destroy (2020 Version)," Suburban Resistance "Can't Trust No One."

     

    $30.00

     

     

    ONLY ONE COPY OF THIS ITEM PER PERSON!!!! MULTIPLE COPIES OR MULTIPLE ORDERS BY THE SAME PERSON WILL NOT BE FILLED!!!

     

    ITEMS ORDERED WITH A PREORDER WILL NOT SHIP UNTIL ENTIRE ORDER IS AVAILABLE -- NO SPLIT SHIPPING UNLESS YOU MAKE ARRANGEMENTS FOR ADDITIONAL POSTAGE AFTER ORDERING. EXPECTED LATE MAY.

     

    READ RETURN POLICY BEFORE ORDERING -ESPECIALLY NON-US BUYERS

    PO SOON: The Bronx - VI

    in Vinyl Collective Message Board

    Posted

    On 4/13/2021 at 12:47 PM, Velocity of Sound said:

    Can anyone shed some light on the B-Side of “White Shadow”........ “Shite Whadow”? 
    I see that the length of the two songs are the same. Is the B-Side backwards to play off the mirror scheme? 
     

    thanks. 

    It plays the same normal track as the A side but the grooves/song starts at the inner part of the record by the dead wax and it plays outward.

×

AdBlock Detected

spacer.png

We noticed that you're using an adBlocker

Yes, I'll whitelist