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#31 BusKow

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Posted 05 April 2007 - 08:05 PM

Groups of the week.

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Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#32 BusKow

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Posted 05 April 2007 - 08:06 PM

Groups of the month.

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Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#33 BusKow

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Posted 05 April 2007 - 08:06 PM

% Stocks > 40pma

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Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#34 BusKow

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Posted 05 April 2007 - 08:07 PM

Good candle for XAU...

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Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#35 BusKow

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Posted 05 April 2007 - 08:07 PM

Uncle Bucky moving toward date w/82.40

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Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#36 Cassiopeia

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Posted 05 April 2007 - 08:12 PM

I wish I were joking, received a multi million dollar assessment from the I R S.  This is lunacy.  Is this common? It is obviously a mistake, please tell me these are easy to fix.

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I received an assessment of $1.9 million from the IRS two years ago. Primarily this conerned my schedule D from 2003 when I was a heavy trader. The IRS has no buyside data on investment securities, only info and when you sold a stock and for how much. Apparently my trading pattern and the way I reported my info to the IRS fit the description of someone who hides/ launders money so i was investigated, thorughly. I hired a tax attorney and after several thousand $ and several liters of tequila my name was cleared. During the darkest period of this investigation the IRS sent to me a repayment schedule where I would have to repay $1.95million. Each month $9,000 of interest would have accrured on this balance (assuming a 5% rate). I think a lot of hair on my head turned grey that summer.


You have two choices, represent yourself or get a lawyer. The obfusticating nature of the IRS and the amount of the assessment pushed me to the latter. In retrospect I may have panicked

Sorry, it sucks

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Some light is being shed, the specific year in question I was also a heavy trader - can only hope that it is a similar situation, at least I can get my head around that. I can handle several thousand and tequila. At some point I hope this is just a funny footnote and a letter that is framed on the wall - until then I have to worry. But thank you for the posts, if it has happened to others or someone has heard of this, then I can tack off about 5 minutes of worrying.

#37 lucid and confused

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Posted 05 April 2007 - 08:25 PM

I wish I were joking, received a multi million dollar assessment from the I R S.  This is lunacy.  Is this common? It is obviously a mistake, please tell me these are easy to fix.

View Post



I received an assessment of $1.9 million from the IRS two years ago. Primarily this conerned my schedule D from 2003 when I was a heavy trader. The IRS has no buyside data on investment securities, only info and when you sold a stock and for how much. Apparently my trading pattern and the way I reported my info to the IRS fit the description of someone who hides/ launders money so i was investigated, thorughly. I hired a tax attorney and after several thousand $ and several liters of tequila my name was cleared. During the darkest period of this investigation the IRS sent to me a repayment schedule where I would have to repay $1.95million. Each month $9,000 of interest would have accrured on this balance (assuming a 5% rate). I think a lot of hair on my head turned grey that summer.


You have two choices, represent yourself or get a lawyer. The obfusticating nature of the IRS and the amount of the assessment pushed me to the latter. In retrospect I may have panicked

Sorry, it sucks

View Post

Some light is being shed, the specific year in question I was also a heavy trader - can only hope that it is a similar situation, at least I can get my head around that. I can handle several thousand and tequila. At some point I hope this is just a funny footnote and a letter that is framed on the wall - until then I have to worry. But thank you for the posts, if it has happened to others or someone has heard of this, then I can tack off about 5 minutes of worrying.

View Post



Yeah, I framed my assessment letter with the IRS designed installment plan. If you have your trade data from that year and the net cap gain(loss) is similar to what you've reported to the IRS then you have no problemo and can save several thousand on lawyer fees, but the tequila I'm afraid is manditory

#38 wndysrf

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Posted 05 April 2007 - 08:27 PM

I wish I were joking, received a multi million dollar assessment from the I R S.  This is lunacy.  Is this common? It is obviously a mistake, please tell me these are easy to fix.

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Like everyone else gaming longs, you must have made a "Vast Fortune" and forgot to pay the taxes.

:lol: :lol: :lol: :lol:
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#39 Cassiopeia

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Posted 05 April 2007 - 08:42 PM

I wish I were joking, received a multi million dollar assessment from the I R S.  This is lunacy.  Is this common? It is obviously a mistake, please tell me these are easy to fix.

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Like everyone else gaming longs, you must have made a "Vast Fortune" and forgot to pay the taxes.

:lol: :lol: :lol: :lol:

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Ahhh, I see, similar "Vast Fortunes" letter also being mailed out to the masses :)
"lots of grunting,rutting and snout filled phlegm in the pits as pigmen crowd into the action furiously passing huge methane bombs and tearing the flesh off the bones of hapless bears,ideologues and those too slow to make it to their monitors. " - bubbadropping

#40 shorty

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Posted 05 April 2007 - 08:49 PM

Ford Pole-Axes 30,000 Working Families, Gives CEO Over $7 Million Per Month

Mulally's pay package at Ford included a $7.5 million hiring bonus, as well as $11 million that Ford described as an offset for forfeited performance and stock option awards at Boeing. In addition he received $55,469 for relocation costs and temporary housing.

His base salary is $666,666 :ph34r: , which works out to annual pay of about $2 million. He also received restricted stock grants, which the company valued at $920,404, as well as 3 million stock options valued at $7.8 million.

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Tiger's Wood, Anthony's Weiner, Barney's Frank, Herman's Cain, Harry's Reid, Elliot's Spitzer
 


#41 Drano

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Posted 05 April 2007 - 09:04 PM

Ford Pole-Axes 30,000 Working Families, Gives CEO Over $7 Million Per Month

Mulally's pay package at Ford included a $7.5 million hiring bonus, as well as $11 million that Ford described as an offset for forfeited performance and stock option awards at Boeing. In addition he received $55,469 for relocation costs and temporary housing.

His base salary is $666,666 :ph34r: , which works out to annual pay of about $2 million. He also received restricted stock grants, which the company valued at $920,404, as well as 3 million stock options valued at $7.8 million.

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Separated at birth

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Of course I'm caustic!

#42 Brisbane Bear

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Posted 05 April 2007 - 09:06 PM

Mish ponders the question we are all asking..

I suspect the collapse will be swift and catch most everyone by surprise.

Once again we see the word "unexpected" and once again I can not figure out why. The better question is how is it holding up as good as it is?


http://www.safehaven...rticle-7300.htm

#43 shorty

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Posted 05 April 2007 - 09:10 PM

Housing slump hits escort services hard

The housing boom that fueled huge windfalls for escorts working local hotels has turned into a major bust, and some longtime escort services are shutting down or packing up and fleeing the state.

"These guys keep making excuses about Ditack or something," complained one escort. "I don't know what the hell they're talking about, but no pay, no play. I'm outta here!"

Many are reportedly moving their assets to Southern California, where the escort business is still booming, fueled in part by generous cash customers grown wealthy from the drug trade.

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#44 mmoy

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Posted 05 April 2007 - 09:10 PM

I wish I were joking, received a multi million dollar assessment from the I R S.  This is lunacy.  Is this common? It is obviously a mistake, please tell me these are easy to fix.

View Post



I received an assessment of $1.9 million from the IRS two years ago. Primarily this conerned my schedule D from 2003 when I was a heavy trader. The IRS has no buyside data on investment securities, only info and when you sold a stock and for how much. Apparently my trading pattern and the way I reported my info to the IRS fit the description of someone who hides/ launders money so i was investigated, thorughly. I hired a tax attorney and after several thousand $ and several liters of tequila my name was cleared. During the darkest period of this investigation the IRS sent to me a repayment schedule where I would have to repay $1.95million. Each month $9,000 of interest would have accrured on this balance (assuming a 5% rate). I think a lot of hair on my head turned grey that summer.


You have two choices, represent yourself or get a lawyer. The obfusticating nature of the IRS and the amount of the assessment pushed me to the latter. In retrospect I may have panicked

Sorry, it sucks

View Post

Some light is being shed, the specific year in question I was also a heavy trader - can only hope that it is a similar situation, at least I can get my head around that. I can handle several thousand and tequila. At some point I hope this is just a funny footnote and a letter that is framed on the wall - until then I have to worry. But thank you for the posts, if it has happened to others or someone has heard of this, then I can tack off about 5 minutes of worrying.

View Post



Yeah, I framed my assessment letter with the IRS designed installment plan. If you have your trade data from that year and the net cap gain(loss) is similar to what you've reported to the IRS then you have no problemo and can save several thousand on lawyer fees, but the tequila I'm afraid is manditory

View Post


Sometimes I wonder if I should print out and attach my etrade statement with the 1040. Of course that would make the postage awfully expensive. I would hope that you could just go down to their office and pull up your statements online for them and show your balances for the year. Of course they'd only let you off the hook if you gave them a few hot tips.

#45 Drano

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Posted 05 April 2007 - 09:31 PM

Housing slump hits escort services hard

The housing boom that fueled huge windfalls for escorts working local hotels has turned into a major bust, and some longtime escort services are shutting down or packing up and fleeing the state.

"These guys keep making excuses about Ditack or something," complained one escort. "I don't know what the hell they're talking about, but no pay, no play.  I'm outta here!"

Many are reportedly moving their assets to Southern California, where the escort business is still booming, fueled in part by generous cash customers grown wealthy from the drug trade.

View Post

:lol: :lol: :lol:

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Of course I'm caustic!





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