Discussion:Dog fighter Vick seen cow fighting?
From TaxAlmanac
←Older revision | Newer revision→
Discussion Forum Index --> General Chat --> Dog fighter Vick seen cow fighting?
| 15 June 2009 | |
| Moooove over, sports fans. An unreliable source claims that M. Vick, former Atlanta Falcon, may have been spotted in Switzerland putting his money on a cow. Could this be true?
http://www.msnbc.msn.com/id/31355043/ns/world_news-weird_news/ | |
| 15 June 2009 | |
| It is a proven fact that happy cows give sweeter milk (just ask the California Dairy Association). Conversly, cows that are upset, say, at having to defend their honor or the like, are prone to give milk that, when used to produce cheese, leaves something missing. And so it should not be surprising if you find a few holes and voids in your Swiss Cheese.
| |
| 15 June 2009 | |
| This totally has alot of tax consequences.
First, this is a gambling activity. If he wins, he should write off the losses. He probably has enough to cover this activity. Secondly, the so called queen is definitely going to make it's way into the Burger King supply chain. It is because of this Mr. Vick is now a farmer, with gambling income on the side. Of course, the farm animal will have it's own depreciable life, trainer, beatician, but most importantly he will need to be incorporated. As a corporation with oversea income, he will need to file a 5471 - don't be late - the penalties could bite. (no pun intended...the penalties are 10K) If he plays football, he might need to queen as a lead blocker...To bad for the 49ers. | |
Death&Taxes (talk|edits) said: | 15 June 2009 |
| The sad thought about this is that since it is now on the Net, it will become an event and thousands of idiots will descend on that mountain pasture to watch, and litter the place with whatever sports fans carry with them. Publicity is a dangerous thing! | |
