Gary Lewis Posted October 8 Posted October 8 I'll put this in the proper folder after y'all have had a chance to see it. But I've created a page (Bullnose Forum/Forum & Website Funding in the menu above) to show where we are with funding and expenses. And the bottom line is that we are currently funded through September of 2025. But, I'd like to point a few things out: I picked July 1st, 2024 as the date when y'all started supporting the website and forum. The contributions started pouring in about the first of June, plus or minus, so it seemed that July 1st is a reasonable date for that. I have a lot more detail in a separate spreadsheet with who paid how much and when, but thought the dates and amounts w/o names would be adequate for each of you to confirm I got your money. But if you don't see it or have any questions please, please message me. The spreadsheet has some spurious 0's here and there and I'm hoping to get them exorcised soon, so please overlook them. But if you see something else that seems out of place please let me know. So if you have questions or comments please let me know. If general I'm happy to take them here. And early next summer I'll start passing the hat to raise more funding. But if you are so inclined in the interim I'll take your money any way you want to send it, with these being the easiest for me: Check or cash to Gary Lewis @ 15517 Colonial Lane, Skiatook, OK. 74070 Venmo or Paypal to garyklewis@gmail.com 2
viven44 Posted October 9 Posted October 9 Thanks Gary. Great idea to show the raw data w/o names.... Please don't construe that I might be a bit anti-tax based on my remark ahem...ahem... but maybe better to call it something besides income?
Gary Lewis Posted October 9 Author Posted October 9 The IRS will consider it income. I'm now running a business and have to report it on my tax return.
viven44 Posted October 9 Posted October 9 Sorry about that Gary... probably best for you to do that since IRS probably monitors frequent Venmo / Bank transactions 👀... I do sincerely hope you write off expenses as well. (why I don't like seeing where the sausage is made 😅)
Gary Lewis Posted October 9 Author Posted October 9 You won't eat the sausage if you know what goes into it. The only expenses I have are those I pay for. No way to charge my time or a room of the house, much less the truck. But we will get there. Up 'til now we've been footing the whole thing and the show. But now that we've "grown up" y'all are helping a whole lot on the website and forum, and we'll get the show figured out. 1
Bronco638 Posted 16 hours ago Posted 16 hours ago My finance/accounting degree'd wife might be able to help you legally skirt some of that, if you're interested. It's what she does for a living. LMK.
Gary Lewis Posted 15 hours ago Author Posted 15 hours ago 33 minutes ago, Bronco638 said: My finance/accounting degree'd wife might be able to help you legally skirt some of that, if you're interested. It's what she does for a living. LMK. Dave - I'd be happy to talk to her or send her an email to explain what we have and see what the options are. But my son is a tax attorney and he doesn't think there are many options. Having said that, he's not au fait with the small business rules/laws so maybe I'm missing something?
Bronco638 Posted 11 hours ago Posted 11 hours ago 3 hours ago, Gary Lewis said: Dave - I'd be happy to talk to her or send her an email to explain what we have and see what the options are. But my son is a tax attorney and he doesn't think there are many options. Having said that, he's not au fait with the small business rules/laws so maybe I'm missing something? Feel free to send an email to me and I'll ask her. However, you may have the same "built-in advantage" that I do..... 🙂
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