; - Original Message -
> From: "RickG"
> To: "WISPA General List"
> Sent: Monday, January 05, 2009 10:01 AM
> Subject: Re: [WISPA] equipment state property taxes
>
>
>> Mt. Sterling. 30 miles east of Lexington. -RickG
>>
Called tangible personal property tax in TN.
Scottie
-- Original Message --
From: Brian Rohrbacher
Reply-To: WISPA General List
Date: Mon, 05 Jan 2009 09:21:56 -0500
>
Wireless High Speed Broadband service from Info-Ed, Inc. as low as $30.00/mth.
Check
d value any
> longer.
>
> I do not know whether Illinoise charges Property Tax or not.
>
> Tom DeReggi
> RapidDSL & Wireless, Inc
> IntAirNet- Fixed Wireless Broadband
>
>
> - Original Message -
> From: "John Scrivner"
> To: "WISPA Gener
It is property tax AKA usage tax and has nothing to do with sales tax.
Also, it is a FMV lease. Unfortunately, the leasing company wrote it
into the lease.
Thanks to all for your comments!
-RickG
On Mon, Jan 5, 2009 at 11:36 AM, John Scrivner wrote:
> Is this property tax or sales tax? It sounds
6 AM
Subject: Re: [WISPA] equipment state property taxes
> Is this property tax or sales tax? It sounds like the latter to me. If
> you
> have a fair market value lease then your lease company should have to eat
> this in my opinion (for what that's worth). If it is a dollar buyout
List"
Sent: Monday, January 05, 2009 10:01 AM
Subject: Re: [WISPA] equipment state property taxes
> Mt. Sterling. 30 miles east of Lexington. -RickG
>
> On Sun, Jan 4, 2009 at 9:03 PM, Chuck Hogg wrote:
>> What part of KY? I've yet to receive anything of the such...
>&
Is this property tax or sales tax? It sounds like the latter to me. If you
have a fair market value lease then your lease company should have to eat
this in my opinion (for what that's worth). If it is a dollar buyout lease
then for all intents and purposes your lease is little more than a financi
half Of RickG
> Sent: Sunday, January 04, 2009 6:41 PM
> To: WISPA General List
> Subject: Re: [WISPA] equipment state property taxes
>
> Kentucky, you'all :)
>
> On Sun, Jan 4, 2009 at 1:18 AM, Jack Unger wrote:
>> What state, mate?
>>
>> RickG wrote:
>&g
t out with them, but that depends on how your leasing contract is written.
Regards
Faisal Imtiaz
-Original Message-
From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
Behalf Of RickG
Sent: Sunday, January 04, 2009 12:53 AM
To: WISPA General List
Subject: [WISPA] equip
--
From: "RickG"
Sent: Saturday, January 03, 2009 11:52 PM
To: "WISPA General List"
Subject: [WISPA] equipment state property taxes
Well, I thought I wouldnt have to worry about state property taxes on
my equipment because it was leased, but I received a nice Chr
What part of KY? I've yet to receive anything of the such...
-Original Message-
From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
Behalf Of RickG
Sent: Sunday, January 04, 2009 6:41 PM
To: WISPA General List
Subject: Re: [WISPA] equipment state property
Hi,
If you are doing a $1 buyout on the lease, then you do get hit with
property taxes on it (depending your state and/or county), but you get
the depreciation.
If you are doing a FMV lease, then you don't get taxed on it and the
entire amount is deductible on your taxes.
Contact your accoun
the taxes.
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message -
From: "RickG"
To: ; "WISPA General List"
Sent: Sunday, January 04, 2009 6:48 PM
Subject: Re: [WISPA] equipment state property taxes
> We have the fair
Fixed Wireless Broadband
- Original Message -
From: "RickG"
To: "WISPA General List"
Sent: Sunday, January 04, 2009 6:47 PM
Subject: Re: [WISPA] equipment state property taxes
> Travis,
>
> Doesnt this take away some of the argument for leasing? This is one
&
.
/Eje
Sent via BlackBerry from T-Mobile
-Original Message-
From: RickG
Date: Sun, 4 Jan 2009 18:47:04
To: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
Travis,
Doesnt this take away some of the argument for leasing? This is one
item (I may have mised it) that
We have the fair market value lease. I'd like to think that removes my
responsilbity of paying the taxes but I have a hunch...
On Sun, Jan 4, 2009 at 9:05 AM, can...@believewireless.net
wrote:
> Check with your accountant but I do believe this depends on the lease. If
> you havea $1 buyout, you
Travis,
Doesnt this take away some of the argument for leasing? This is one
item (I may have mised it) that didnt seem to make it in the
discusions of for/against leasing.
Alternatively, since we get taxed on the equipment, do we get to depreciate it?
-RickG
On Sun, Jan 4, 2009 at 1:53 AM, Trav
ry month instead.
>
> /Eje
> Sent via BlackBerry from T-Mobile
>
> -Original Message-
> From: "Faisal Imtiaz"
>
> Date: Sun, 4 Jan 2009 01:20:35
> To: 'WISPA General List'
> Subject: Re: [WISPA] equipment state property taxes
>
>
> Yo
act is written.
>
> Regards
>
> Faisal Imtiaz
>
> -Original Message-
> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
> Behalf Of RickG
> Sent: Sunday, January 04, 2009 12:53 AM
> To: WISPA General List
> Subject: [WISPA] equipmen
Kentucky, you'all :)
On Sun, Jan 4, 2009 at 1:18 AM, Jack Unger wrote:
> What state, mate?
>
> RickG wrote:
>> Well, I thought I wouldnt have to worry about state property taxes on
>> my equipment because it was leased, but I received a nice Christmas
>> present from my leasing company in the for
ow to ensure we have enough to pay our ever increasing tax
payment every year.
/Eje
--Original Message--
From: George Rogato
Sender: wireless-boun...@wispa.org
To: WISPA General List
ReplyTo: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
Sent: Jan 4, 2009 14:41
ow to ensure we have enough to pay our ever increasing tax
payment every year.
/Eje
--Original Message--
From: George Rogato
Sender: wireless-boun...@wispa.org
To: WISPA General List
ReplyTo: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
Sent: Jan 4, 2009 14:41
Tom DeReggi wrote:
> That is incorrect. If you are a store that sells big screen TVs you pay
> property tax on your inventory of Big screen TVs. And technically an end
> user is supposed to pay tax for their big screen TV also, there just isn't a
> way for the government to know about it.
>
eggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message -
From: "Mike Hammett"
To: "WISPA General List"
Sent: Sunday, January 04, 2009 11:15 AM
Subject: Re: [WISPA] equipment state property taxes
> I've never heard of a prope
Original Message -
From: "Travis Johnson"
To: "WISPA General List"
Sent: Sunday, January 04, 2009 1:53 AM
Subject: Re: [WISPA] equipment state property taxes
> Yes, this is correct. We have to pay it on all our leases in the form of
> property taxes. :(
>
> Trav
he
> bank..then I would pay the property tax... Otherwise I would try to
> duke
> it out with them, but that depends on how your leasing contract is
> written.
>
> Regards
>
> Faisal Imtiaz
>
> -Original Message-
> From: wireless-boun...@wispa.org [mailto
y
fuels.
>From the looks of things Europe managed very well here.
/ Eje
-Original Message-
From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
Behalf Of George Rogato
Sent: Sunday, January 04, 2009 12:17 PM
To: WISPA General List
Subject: Re: [WISPA] equipment st
managed very well here.
>
> / Eje
>
> -Original Message-
> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
> Behalf Of George Rogato
> Sent: Sunday, January 04, 2009 12:17 PM
> To: WISPA General List
> Subject: Re: [WISPA] equipment state proper
ilto:wireless-boun...@wispa.org] On
Behalf Of George Rogato
Sent: Sunday, January 04, 2009 12:17 PM
To: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
It's not really traveling people spreading the word. It's all those
politicians get together and come up with ne
it could be a lot
> worse.
>
>
> -
> Mike Hammett
> Intelligent Computing Solutions
> http://www.ics-il.com
>
>
>
> --
> From: "Mike Hammett"
> Sent: Sunday, January 04, 2009 10:15 AM
> To: "WISPA General
http://www.ics-il.com
--
From: "Mike Hammett"
Sent: Sunday, January 04, 2009 10:15 AM
To: "WISPA General List"
Subject: Re: [WISPA] equipment state property taxes
> I've never heard of a property tax that was applied to any
ttp://www.ics-il.com
--
From: "RickG"
Sent: Saturday, January 03, 2009 11:52 PM
To: "WISPA General List"
Subject: [WISPA] equipment state property taxes
Well, I thought I wouldnt have to worry about state property taxes on
my equipment beca
Us too. Personal property.
- Original Message -
From: "George Rogato"
To: "WISPA General List"
Sent: Sunday, January 04, 2009 9:19 AM
Subject: Re: [WISPA] equipment state property taxes
> Yeppers
> Our county has a property tax on business equipment, the
talking with my wife (MBA grad) and our CPA.
/Eje
Sent via BlackBerry from T-Mobile
-Original Message-
From: "Mike Hammett"
Date: Sun, 4 Jan 2009 10:15:12
To: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
I've never heard of a property tax t
-
> From: "RickG"
> Sent: Saturday, January 03, 2009 11:52 PM
> To: "WISPA General List"
> Subject: [WISPA] equipment state property taxes
>
>> Well, I thought I wouldnt have to worry about state property taxes on
>> my equipm
--
Mike Hammett
Intelligent Computing Solutions
http://www.ics-il.com
--
From: "RickG"
Sent: Saturday, January 03, 2009 11:52 PM
To: "WISPA General List"
Subject: [WISPA] equipment state property taxes
> Well, I thought I woul
Check with your accountant but I do believe this depends on the lease. If
you havea $1 buyout, you have to pay the property taxes. But I don't think
you have to pay it
if you have a fair market buyout. Unless, of course, you purchase the
equipment at
the end of the lease and then it would be bas
Yes, this is correct. We have to pay it on all our leases in the form of
property taxes. :(
Travis
Microserv
RickG wrote:
> Well, I thought I wouldnt have to worry about state property taxes on
> my equipment because it was leased, but I received a nice Christmas
> present from my leasing compa
g the monthly payments will be footing the bill
-:)
Faisal Imtiaz
-Original Message-
From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
Behalf Of Jack Unger
Sent: Sunday, January 04, 2009 1:19 AM
To: WISPA General List
Subject: Re: [WISPA] equipment state property taxes
al List'
Subject: Re: [WISPA] equipment state property taxes
You have to look at your leasing contract... For the correct answer
Having said that Keep in mind that Leasing companies are providing an
alternate form of financing, so they are not expecting to incur additional
costs other th
.
Regards
Faisal Imtiaz
-Original Message-
From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On
Behalf Of RickG
Sent: Sunday, January 04, 2009 12:53 AM
To: WISPA General List
Subject: [WISPA] equipment state property taxes
Well, I thought I wouldnt have to worry about stat
What state, mate?
RickG wrote:
> Well, I thought I wouldnt have to worry about state property taxes on
> my equipment because it was leased, but I received a nice Christmas
> present from my leasing company in the form of a $1700 bill. They were
> billed from our local tax authority and in turn ex
Well, I thought I wouldnt have to worry about state property taxes on
my equipment because it was leased, but I received a nice Christmas
present from my leasing company in the form of a $1700 bill. They were
billed from our local tax authority and in turn expect me to pay it.
My CPA was surprised
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