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Topic ClosedSR VIII: Vander Got Run Over By A Reindeer!
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Points: 65760 		Direct Link To This Post Posted: November 28 2009 at 12:35
I know nothing about taxes, so if you want to fail ok. I don't mind as long as there are no repercussion for me. 
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Points: 32181 		Direct Link To This Post Posted: November 28 2009 at 12:36
Originally posted by A Person A Person wrote:

I know nothing about taxes, so if you want to fail ok. I don't mind as long as there are no repercussion for me. 


Dammit. LOL
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Points: 66555 		Direct Link To This Post Posted: November 28 2009 at 12:44
Originally posted by MovingPictures07 MovingPictures07 wrote:

Scott, what exactly is the economic effect test for partnerships? The book does not explain it very well.
I'm not exactly sure.  I'd have to refresh my memory for that.  I suppose that it has something to do with the ability to allocate income to the partners as written in the partnership agreement as long as it matches how partners are actually economically treated.  i.e. if partners are 70/30 partners, you are required to allocate 70% of the income to the 70% partner and 30% of the income to the 30% partner.  However, you are allowed to make special allocations like allocating all of the depreciation to one partner while allocating other expenses to the other partner.  However, if you make "guaranteed" payments to the 30 percent partner for work that he does for the partnership, then he might have economically benefitted more than 30% therefore more than 30% of the income can be allocated to that partner.   
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Points: 28772 		Direct Link To This Post Posted: November 28 2009 at 12:44
I have German work I should have been doing and a piece of music I should have been writing (only 12 bars though and it's supposed to be simple, so most likely no prog Disapprove) but instead I've played Oblivion and listened to prog all week. Tongue
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Points: 46301 		Direct Link To This Post Posted: November 28 2009 at 12:49
German work?
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Points: 32181 		Direct Link To This Post Posted: November 28 2009 at 12:51
Originally posted by rushfan4 rushfan4 wrote:

Originally posted by MovingPictures07 MovingPictures07 wrote:

Scott, what exactly is the economic effect test for partnerships? The book does not explain it very well.
I'm not exactly sure.  I'd have to refresh my memory for that.  I suppose that it has something to do with the ability to allocate income to the partners as written in the partnership agreement as long as it matches how partners are actually economically treated.  i.e. if partners are 70/30 partners, you are required to allocate 70% of the income to the 70% partner and 30% of the income to the 30% partner.  However, you are allowed to make special allocations like allocating all of the depreciation to one partner while allocating other expenses to the other partner.  However, if you make "guaranteed" payments to the 30 percent partner for work that he does for the partnership, then he might have economically benefitted more than 30% therefore more than 30% of the income can be allocated to that partner.   


Yeah, that's what I remember from class.

It just seems totally arbitrary; then again, that shouldn't surprise me. LOL
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Points: 21795 		Direct Link To This Post Posted: November 28 2009 at 12:53
Western Culture by Henry Cow is the greatest, I just can't stop listening to it
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Points: 24598 		Direct Link To This Post Posted: November 28 2009 at 12:53
Finally! A band that can mix full-blown electronic music with metal! Big smile
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Points: 28772 		Direct Link To This Post Posted: November 28 2009 at 12:54
Originally posted by Ricochet Ricochet wrote:

German work?


Homework I have to do for German 1, I've put it off all week.
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Points: 32181 		Direct Link To This Post Posted: November 28 2009 at 12:54
Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it


You win the ultimate "Epic win" award.
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Points: 46301 		Direct Link To This Post Posted: November 28 2009 at 12:54
Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Finally! A band that can mix full-blown electronic music with metal! Big smile


Why would anyone add metal to full-blown electronic music?
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Points: 24598 		Direct Link To This Post Posted: November 28 2009 at 12:55
Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it

That is a really good album. Clap
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Points: 21795 		Direct Link To This Post Posted: November 28 2009 at 12:55
Originally posted by MovingPictures07 MovingPictures07 wrote:

Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it


You win the ultimate "Epic win" award.
What's that?
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Points: 46301 		Direct Link To This Post Posted: November 28 2009 at 12:55
Originally posted by SaltyJon SaltyJon wrote:

Originally posted by Ricochet Ricochet wrote:

German work?


Homework I have to do for German 1, I've put it off all week.


Oh, another one learning German.

(Have I missed this detail all along, or did I simply forget?)
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Points: 24598 		Direct Link To This Post Posted: November 28 2009 at 12:56
Originally posted by Ricochet Ricochet wrote:

Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Finally! A band that can mix full-blown electronic music with metal! Big smile


Why would anyone add metal to full-blown electronic music?

Because it's better than adding electronic blips and whistles to metal and calling yourself electronic (which is something I've seen happen to several metal bands).

So Tongue
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Points: 66555 		Direct Link To This Post Posted: November 28 2009 at 12:56
Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Finally! A band that can mix full-blown electronic music with metal! Big smile
Check out Dol Amman.
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Points: 24598 		Direct Link To This Post Posted: November 28 2009 at 12:57
Originally posted by The Truth The Truth wrote:

Originally posted by MovingPictures07 MovingPictures07 wrote:

Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it


You win the ultimate "Epic win" award.
What's that?

Something like this I'd imagine Wink:
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Points: 21795 		Direct Link To This Post Posted: November 28 2009 at 12:58
Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Originally posted by The Truth The Truth wrote:

Originally posted by MovingPictures07 MovingPictures07 wrote:

Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it


You win the ultimate "Epic win" award.
What's that?

Something like this I'd imagine Wink:

 
That'd be fantastic if I was a drinkerLOL
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Points: 32181 		Direct Link To This Post Posted: November 28 2009 at 12:59
Originally posted by The Truth The Truth wrote:

Originally posted by MovingPictures07 MovingPictures07 wrote:

Originally posted by The Truth The Truth wrote:

Western Culture by Henry Cow is the greatest, I just can't stop listening to it


You win the ultimate "Epic win" award.
What's that?


It means you win. It's imaginary.
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Points: 46301 		Direct Link To This Post Posted: November 28 2009 at 12:59
Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Originally posted by Ricochet Ricochet wrote:

Originally posted by birdwithteeth11 birdwithteeth11 wrote:

Finally! A band that can mix full-blown electronic music with metal! Big smile


Why would anyone add metal to full-blown electronic music?

Because it's better than adding electronic blips and whistles to metal and calling yourself electronic (which is something I've seen happen to several metal bands).

So Tongue


That's just as bad, I agree. Wink
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