Cruisers Forum

Join CruisersForum Today

Thread Tools Search this Thread Rate Thread Display Modes
Old 09-11-2018, 19:18   #31
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 10,047
Re: Atlantic Cruising Yachts and Business Yacht Ownership

Originally Posted by David Hughes View Post
Agreed, but the rules aren’t really all that hard to adhere to, and the same is done with airplanes frequently. The IRS is nothing to fear if you make the effort. Rules can help as much as they can hurt. Just like golf.
No, not hard, but Ive seen it screwed up...some people just have no head for these sorta things.

Also seen those who have tried to claim a vessel was in charter when it really wasnt (that used to be surprisingly common in Florida...till both State & Feds cracked down on it).

In fact, IRS came after me on this very issue once...they lost...being well prepared is good.

belizesailor is offline   Reply With Quote

cruising, ownership, yacht

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
US citizen ownership and registration for BVI yacht marvelousz Boat Ownership & Making a Living 1 12-12-2017 07:25
[SOLD] Steady solid QLD business to trade for cruising yacht straydog4612 General Classifieds (no boats) 0 10-12-2017 18:36
Looking for Business Plan Template/Draft (Word/Excel) for OV '62 Day Charter business Docwazup Dollars & Cents 2 04-12-2016 12:28
Boat as a Business vs Conventional Ownership WindYwager Dollars & Cents 27 12-07-2014 15:44
Boat Business Loans from Small Business Administration xxuxx Dollars & Cents 0 18-05-2009 18:21

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 21:29.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.