| === NCommander is now known as Guest73647 | ||
| === Guest73647 is now known as NCommander | ||
| NCommander | so the ports kernel FTBFSes on sparc | 16:45 |
|---|---|---|
| NCommander | lovely | 16:45 |
| jbailey | NCommander, Did you and Andrew ever sort out something for the Itanium? | 16:45 |
| NCommander | jbailey: no. I haven't figured out how to bring the server into the United States | 16:45 |
| NCommander | I got as far as determining I need a letter from his declaring its a gift, and the value of the server, then I have to pay duty on it | 16:46 |
| jbailey | Hmm. | 16:46 |
| jbailey | It came from the US to me. | 16:46 |
| NCommander | jbailey: it is seemingly easier to bring it from US to Canada | 16:47 |
| NCommander | But to bring it back I need to declare it | 16:47 |
| jbailey | Meh. | 16:47 |
| jbailey | I have lots of suggestions, not of which I'll make on a logged channel. | 16:47 |
| jbailey | I'm reminded of a Savage Love column. | 16:47 |
| jbailey | I'll paraphrase. | 16:47 |
| jbailey | Exporting servers is hard. You must be careful not to SMUGGLE IT ACROSS THE BORDER. If you were to SMUGGLE IT ACROSS THE BORDER, then you could be liable for all sorts of things. I would never advise you to SMUGGLE IT ACROSS THE BORDER, because I wouldn't want to encourage you to break US law. | 16:49 |
| jbailey | But there's a message in there, somewhere. | 16:49 |
| * NCommander got the message | 16:53 | |
| NCommander | but I don't want to go to jail ;.; | 16:53 |
| NCommander | jbailey: what do you think the value of that server is? | 16:54 |
| jbailey | lamont, Accounting question for you! | 16:59 |
| jbailey | lamont, I have a capital asset that I want to dispose of. | 16:59 |
| jbailey | lamont, It was originally valued at about $25k, I suspect. | 16:59 |
| jbailey | lamont, Acquired by me in 2003. | 16:59 |
| jbailey | lamont, As it's a computer, it has fully depreciated in Canada (max 3 years, 2 is more common, but it's a server) | 17:00 |
| jbailey | lamont, However, I'm looking at selling the no-value asset to an American. | 17:00 |
| jbailey | lamont, Any guesses as to whether I could do so for $1? | 17:00 |
| lamont | fully depreciated says that it has zero value, and that you have deducted all of the cost of the asset as an expense. therefore whatever money you may realize for disposing of your scrap would constitute income for you. | 17:05 |
| lamont | the other check that the IRS would maybe look at is whether or not there was other value received in addition to the $1. | 17:05 |
| lamont | and if you're selling it to a potential conflict-of-interest entity (like if I sold something the company that I own), would be a reasonability question: if you were on either side of the transation, and someone you don't know/have a relationship with were on the other side of the table, would you still do the transaction. evaluate from both sides | 17:07 |
| lamont | having said all that, I am not a tax advisor nor an accountant. you should consult same for an opinion. </disclaimer> | 17:07 |
| NCommander | lamont: O_______o; | 17:07 |
| NCommander | lamont: why do you know that? | 17:08 |
| * NCommander is acquring the machine for personal usage | 17:08 | |
| lamont | NCommander: it is an area of great interest to me, not just because I hold significant membership interest in 3 LLCs and one C-corp | 17:09 |
| * NCommander watches that fly right over his head and land somewhere in PA | 17:10 | |
| NCommander | jbailey: what was andrew's IRC handle? | 17:19 |
| * NCommander is lost ... | 19:26 | |
Generated by irclog2html.py 2.7 by Marius Gedminas - find it at mg.pov.lt!