almarg
Responses from almarg
| Potential Tax Liability ... In my view, there is nothing that should be done in this situation unless and until the taxpayer receives a letter of inquiry or Notice of Audit.... If a taxpayer or representative were to contact the I.R.S. about a filed return first, ... | |
| Potential Tax Liability Jim (Jea48), thanks for providing the links. From the wording of your posts, though, I'm not sure if you've noticed that the requirement for issuance of a 1099-K is $20,000 **and** (not "or") 200 separate payments in a calendar year.Best regards,... | |
| Potential Tax Liability To be precise, again, I should add one more point regarding the fact that there is no Federal Inheritance Tax. Although heirs don’t have to pay Federal tax on what they receive from the decedent’s assets as they existed on the date of death, under... | |
| Potential Tax Liability The Federal Inheritance Tax Threshold is $625,000.Consistent with earlier comments in the thread there is no such thing as a Federal Inheritance Tax, meaning that heirs do not have to pay Federal tax on their inheritance. There is a Federal Estate... | |
| Primaluna Dialogue Premium HP Driving PSB Imagine T2s As shown in Stereophile’s measurements the impedance of your speakers dips to around 2.4 ohms in the vicinity of 500 to 600 Hz, and rises to more than 8 ohms in the vicinity of 2 kHz. Also, Stereophile measured the effective output impedance of th... | |
| Potential Tax Liability If it’s used than tax had already been paid and double-jeopardy will make no sense. Not sure if you are referring to sales tax that may have been collected by the original dealer from the original purchaser, or to income tax that may have been pai... | |
| Compatibility question regarding a Chord 2Qute and a PS Audio Perfectwave Transport Well, I’m not sure what to suggest regarding that cable. On the one hand I would of course consider a recommendation provided by PS Audio for a cable to be used with one of their products to be extremely persuasive. On the other hand I don’t see h... | |
| Looking for preamp recommendations to go with First Watt J2 - Under $1K on used market First Watt specifies the input impedance at 100k ohms, but does not give a sensitivity number. The manual for the J2 indicates a sensitivity of 1.4 volts for full power, and a gain of 20 db. 20 db of power amp gain is relatively low. For exam... | |
| Compatibility question regarding a Chord 2Qute and a PS Audio Perfectwave Transport Andrew, thanks for providing the link to the Stereomojo review. The reference to "S/PDIF via balanced XLR" in the review should most likely have said "S/PDIF encoded via balanced XLR." That would be consistent with what is said in the PWT manual, ... | |
| Compatibility question regarding a Chord 2Qute and a PS Audio Perfectwave Transport I’m doubtful that connecting to the USB interface of the DAC would be practicable or even possible in this case. While of course there are many USB-to-coax adapters that are available, I don’t know of any adapters that convert in the opposite dire... | |
| Potential Tax Liability I believe, you have to inherit over 5 million before you owe any inheritance tax to the Feds..... You’ll have to look up the exact information because it changes. No, that isn’t correct, Kenny. The $5 million threshold (actually $5.45 million at p... | |
| Potential Tax Liability Not necessarily. There may be a capital gains tax liability (as opposed to a tax liability based on ordinary income) if the amounts realized by the sales were greater than the fair market value of the items at the time of the decedent’s death, or ... | |
| Looking for preamp recommendations to go with First Watt J2 - Under $1K on used market A $450 solution you might want to consider would be to put an Antique Sound Lab Line Two DT between your passive preamp and the amp. It can be calculated from its specs that with its volume control at max (which would presumably eliminate any soni... | |
| Synergistic Red Fuse ... Dave & Charles, the nice words are much appreciated. Thanks!As you alluded to, Charles, in audio as in most fields of endeavor there are many things about which reasonable people may disagree, but it's always possible (and preferable) to disa... | |
| Synergistic Red Fuse ... Charles1dad 10-28-2016 His [the reviewer's] finding the source components more demonstrative of the Black fuse than the power amplifier matches my outcome. No doubt that this is very likely brand and/or component dependent. I suspect a rele... |