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G-Unit rapper, Kidd Kidd, a.k.a. Nutt Da Kidd, takes it back to the Sqad Up days, on his new freestyle, "You Don't Even Know It," over Rocko's new banger, "U.O.E.N.O."
On the record, Kidd Kidd, talks about being on Drake's record, "Forever," before Eminem and Kanye, being taken off of 50's new record "We Up"s feat. Kendrick Lamar, and being left out of the video for "Mrs. Officer" w/ Lil Wayne and Bobby V. and much more…You Don't Even Know It!
Kidd Kidd's mixtape, "Street Fame" will be released this summer 2013!
hhw52x hhw52x
About the Author

subset: commoncrawl


text:
Winner of the 2003 Newbery Medal, Avi's action-packed adventure, Crispin, transports us back to 14th-century England, where a young serf on the run from his miserable past comes to discover not only his true identity but a sense of self-worth.
Infusing his tale with a deep sense of medieval time and place, Avi recounts the harrowing story of a "nameless boy" known only as "Asta's son." When his mother dies and the village steward unjustly accuses him of murder, the boy flees for his life, carrying with him his mother's lead cross and the newly revealed knowledge of his real name: Crispin. On the run, he becomes the servant and then the friend of a hulking juggler named Bear. En route to a clandestine meeting with social reformer John Ball (a real historical figure in the Peasants' Revolt of 1381), Bear is captured and imprisoned. Crispin sets out to rescue his master and discovers along the way the life-changing secret engraved on his mother's lead cross.
Crispin is one of Avi's most engaging characters, and this story one of his most moving adventures. Emerging from intense poverty of life and spirit, this young serf evolves into a complex and brave hero, as he learns that knowledge is the power that leads to true freedom. Readers will be swept away by the rich prose and historical details; Crispin is a life-affirming book that picks you up -- and doesn't let you down. Matt Warner


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While listening to filmmaker David Lynch speak at the BAFTA Awards in February 2008, Moby had an epiphany. Lynch''s message- creativity for its own sake is a beautiful, wonderful thing- was a simple one, but it hit Moby with the force of the Zen master''s cane. "At that moment, I decided to just make records that were more personal," says Moby, "maybe more experimental, and a little more challenging, maybe not as easy to like, but things that I found to be artistically and creatively more satifying. That was the idea behind making the new album."
The album resulting from this epiphany, Wait For Me, is a radical departure from Moby''s recent albums- last year''s paean to the dance floor, Last Night, 2008''s flirtation with modern rock, Hotel, the shimmering ambience of 2002''s 18, and the zeitgeist-defining melancholy electronica of 1999''s Play. Liberated from the pressures of trying to please himself at the same time as the industry, in making Wait For Me Moby decided to forego the expensive studios, state-of-the-art equipment, big name guest artists, and phalanxes of graphic designers and image consultants that have characterized some of his previous albums. "There''s something so relaxing about doing everything yourself, and not trying to second-guess the market," Moby says. "It''s nice to try to do things for the right reasons- just make a record because you want to make a record."


text:
In post-recession, post-stimulus-program America, we've gotten used to some frighteningly big numbers being thrown around in the discussion of public finance.
Nevertheless, it was difficult not to be alarmed at the bottom line in a study of California's pension obligations conducted by Stanford graduate students and touted Monday by Gov. Arnold Schwarzenegger.
Campaign photo from FlickrJoe Nation
The study concluded that the state's unfunded pension liability has topped half a trillion dollars – six times the present state budget.
Put another way, future California taxpayers are going to be on the hook for more than $500 billion simply to make up the difference between the pensions we've promised to today's state workers and the money we've invested to pay for them.
That's tax money that will have to be shelled out before a nickel is spent on the public services of the future.
The study was the work of the Stanford Institute for Economic Research. It was supervised by former Assembly Democrat Joe Nation, who represented Marin and Sonoma counties from 2000 to 2006 and who has run unsuccessfully for Congress and, most recently, the state Senate.
Today, Nation is a public policy instructor at Stanford.
The research project sought to put a realistic dollar figure on the state's pension liability, which ballooned during the market turndown that drove the recession.
The study contends that the California Public Employees' Retirement System, California State Teachers' Retirement System and the University of California retirement system are understating the burden facing future taxpayers. That's because the rules by which they calculate pension liabilities are unreasonably optimistic, the study says.
When using a more realistic set of assumptions about the size of the state's obligations and the return the pension funds are likely to get on their investments, the study comes up with a grim fiscal scenario.
As of July, 2008 – before the worst part of the stock market slump – the state's pension funds were reporting an unfunded liability of $55.4 billion.
Actually, the study contends, the funds already were running in the red by about $425 billion.
Tack on the $109.7 billion that the California funds reportedly lost when the market carnage was at its worst, and "we estimate the current shortfall at more than half a trillion dollars," the students write.
To recover their fiscal health, the state pension funds need to be more consistent and prudent in making per-employee contributions, the study claims. That means putting in even more money.
The funds also must seek out less volatile investments, the study urges. Finally, it recommends cutting benefits for future state workers – and converting from a fixed-benefit plan to a hybrid-style pension system that is partly a 401(k)-style investment account.
CalPERS didn't respond to a request for comment. UPDATE: Response below.
The governor has been trying for months to get the Legislature to bear down on what he calls "our staggering pension debt." It's an extraordinarily difficult political problem, made worse by the budget crisis and by the disagreement over just how bad the pension problem really is. Still, it's an issue he says he wants to address before leaving office.
CalPERS issued the following fact sheet as its response to Nation:
Stanford's Institute for Economic Policy Research released a policy brief "Going For Broke: Reforming California's Public Employee Pension Systems" that relies on outdated data and methodologies out of sync with governmental accounting rules and actuarial standards of practice. The report fails to take the following into account:
* Over the past 20 years, we have earned an average annual investment return of 7.9 percent – which includes the past two years when we suffered significant investment losses due to the Great Recession. Thus, our assumptions, from actual experience, have proven valid.
* The study relies on data when the system had $45 billion less in assets than it has today. CalPERS assets are valued at $260 billion – a gain of more than $45 billion since the market downturn.
* Additionally, its findings are based on a mathematical model that uses current interest rates, which are very low and make liabilities appear to be much higher. That method is inconsistent with the Governmental Accounting Standards Board and current actuarial standards.
* The study recommendations are based on bond returns over the past 25 years of 7.25 percent for investment grade corporate bonds, which are only 0.66 percent lower than CalPERS total return of 7.91 percent but with much lower volatility. CalPERS experts believe that this reasoning is flawed. Prospective returns on bonds are much lower today since yields are at an historic low and the return to bonds will equal the current yield to maturity which is around 4 percent for most broad band indeces. Also bonds could be more volatile than the past if economic conditions are more uncertain as in the recent period.
* CalPERS is taking steps to modify its asset allocation approach and better allocate assets according to their macro risks and fundamental characteristics. This could result in addressing inflation and interest rates as macro risks.
* It ignores our diversified investment portfolio that has been time-tested during our 78 year history. If CalPERS had followed the recommended approach in the study, we would have given up billions of investment earnings, that have helped finance pensions rather than tax dollars.
* The study misstated some of the benefit formulas in Table 3 and seems to suggest that CalPERS violate the California Constitution by using surpluses to "reduce state debt". Pension raids were determined to be unlawful during the Wilson Administration.
* To adhere to some of the changes suggested in the report, CalPERS would be violating actuarial standards of practice and undo 50 years of governmental accounting rules in favor of an approach that would be "zero" risk.
* Funded status should not be viewed as a long-term irreversible trend. A pension fund's funded status – whether a liability or surplus – is constantly changing, depending on current economic circumstances. It is a snapshot in time that can change dramatically over a fairly short period of time due to the health of the overall economy. Funded status snapshots are useful in showing how far or how near one is to full funding. Experts agree that a funded status of 80 percent is the mark of a very healthy plan. CalPERS notes that the Stanford Report acknowledges that using the data selected, CalPERS was more than 80 percent funded.
* Benefit formulas are not set by CalPERS. They are determined through the collective bargaining process, between the employer and the employee representatives. CalPERS recently held the California Retirement Dialogue, and information on the various viewpoints on benefit formulas is available on the pension fund's Web site CalPERS Responds.com
* CalPERS regularly evaluates its assumed rate of return every three years. At our May investment committee meeting, the Board will hold a workshop on capital market assumptions, finalize those assumptions in September, hold an asset-liability workshop in November, and take final action on an asset mix in December. In February, the Board will take the final step in the process by setting the actuarial assumed rate of return/discount rate. These meetings are open to the public and CalPERS is committed to obtaining all viewpoints on these issues. We invite the authors of the study to participate in the discussions. For more information, go to CalPERS Responds and click on pension financing.


text: Hot Topics Fearless Dressing This thread is interesting – in many ways it's the opposite of everything StyleForum stands for. It's about dressing without a care, or, dressing without giving a fuck. Clashing colors, bizarre combinations? Who cares. All About White's Since today is Memorial Day – at least for some of our readers – I thought I'd highlight an excellent (even classic and rugged!) American brand, White's. White's makes indestructible and completely badass boots, in materials ranging from shell cordovan and chromexcel, to rhino and elephant. They're really cool and totally serious business. B&S Finds Buttero Canvas/Leather Sneakers, 44 Label Under Construction One-Button Blazer, 48


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Survivor: Heroes vs. Villains
Exclusive: Jerri Manthey dishes on 'Survivor: Heroes vs. Villains'
By Christopher Rocchio, 05/18/2010
Jerri Manthey
feels the
: Heroes vs. Villains title would have been hers if she just could have made it to the final Tribal Council.
Instead, the former
: The Australian Outback castaway became
seventeenth contestant eliminated
: Heroes vs. Villains during Sunday night's finale broadcast of the CBS reality series.
On Monday, Jerri talked to Reality TV World about why she cast her jury vote for
Parvati Shallow
over eventual winner
Sandra Diaz-Twine
; her feelings on
Russell Hantz
and why she decided to align with him; her explanation as to why
Colby Donaldson
performed so poorly; and if she'll follow through on a promise to go on a date with a fellow former castaway.
Reality TV World: After your elimination you said you were "kind of leaning towards voting for Russell just because he's played an amazing game." What changed your mind? Was it when Parvati told you Russell had revealed to her that he wanted you out of the competition because he was sure he'd get your jury vote?
Jerri Manthey
That definitely didn't help him. (laughing)
But no, that's not what it was actually. I'm not surprised that he would be so delusional as to expect someone to vote for him. It was more the fact that he insulted every single one of us on the jury in his opening speech by saying, "Everyone talks about how much luck is involved in this game. I don't believe luck had anything to do with my game. I was in control of everything that happened. I didn't need anybody else. I controlled everybody else."
He just went on and on and on with this arrogant attitude that literally shot himself in the foot. My jaw hit the floor. I could not believe he would say that.
Reality TV World: Prior to casting your Tribal Council vote you said it was between Parvati and Sandra and that you were "perplexed" about the decision before voting for Parvati. What eventually led you to cast your vote for her?
Jerri Manthey
Since Day 1 I tried to get rid of Parvati. I was gunning for her the entire game. She was still there, and not only was she still there, she was still dominating physically and mentally and socially. I had to give her mad props. It would be my own personal thing if I didn't vote for her quite honestly. I can get past that in this game.
Reality TV World: Why do you think Russell was so certain that Sandra wouldn't receive any jury votes and had you also felt the same way?
Jerri Manthey
(laughing) I would never assume that somebody would get no votes. Again, that's Russell's arrogance getting in the way of his game and that's why he'll never win.
But if I had gotten to the Final 3, I know I would have won. I know I would have won because somehow I managed -- me, Jerri (laughing) -- to get through this entire game without making a single person mad at me.
Reality TV World: Okay, so you think you would have won had you made it to the Final 3 regardless of who was there with you?
Jerri Manthey
Yeah, absolutely. I talked to the jury after the fact -- after I was voted off -- and they were all very disappointed that I had been voted off.
Reality TV World: There's been a lot of talk about whether it was fair or not for Russell to get to play the game without anyone having gotten to seen his season first. Do you think he would have had any chance of making it this far or that it would have effected your own decision to try and ally with him if you guys had all seen his
season before
Heroes vs. Villains
was filmed?
Jerri Manthey
I'm sure if we had seen it he would have been probably one of the first people voted out. I have very little respect for some of the things he did -- like burning people's socks, dumping out their water. Things that could literally affect someone's health and well-being. As far as I was concerned he should have been eliminated from the game for doing those things.
Reality TV World: During her exit interviews, [Jessica "Sugar" Kiper] made some comments that have sparked a lot of speculation and rumors that Parvati somehow knew about Russell or had some contact with him before the game started. As their ally, did you know anything about that?
Jerri Manthey
I don't know anything about that.
Reality TV World: What made you decide to switch sides and ally with Russell instead of [Rob "Boston Rob" Mariano] during their showdown and in hindsight do you think it was the right decision given Russell still turned on you at the end?
Jerri Manthey
Well I think it should be noted that at that point I was not on either side. I had found the perfect position of total neutrality and it was that defining moment where my strategic game play came into affect. I knew I was the swing vote.
I basically looked at the pros and cons of both sides. I'm looking over at Rob -- who's a very likable guy and a very strategic player. I've played with him before, he's cutthroat with a smile on his face. I would have been sixth in an alliance with him, as opposed to with Russell -- who no one liked and would be great to sit with in the finals -- and I was fourth in an alliance. It made total, logical sense as to which side to go to.
And that was my personal decision. That was not Russell controlling me. (laughing)
Reality TV World: Did you and Parvati ever discuss the possibility of getting rid of Sandra prior to the Final 4 Tribal Council?
Jerri Manthey
Yeah. Ironically enough, when we went into the merge, Parvati was really pushing to keep [
Courtney Yates
] and dump Sandra. I kept telling her I saw something really weird about how adamant she was about keeping Courtney and it made me very nervous. I mentioned that to Russell, and of course at that point he took credit for noticing -- as he loved to do. I convinced everyone that we should keep Sandra and get rid of Courtney instead. Of course in the end, there was Sandra. (laughing)
Reality TV World: You and Russell talked quite a bit leading up to the finale about getting rid of Parvati, which we already discussed. But then he had the chance to do it and he instead took her to the Final 3 instead of you. Do you think he ever would have actually followed through on getting rid of Parvati?
Jerri Manthey
Well obviously not! (laughing)
Reality TV World: This was your third time competing on
with Colby. Was he really as out of the game as he came across on TV, and what do you think led to his disappointing performance?
Jerri Manthey
I don't know what happened to Colby. It was like he was broken or something. I was used to seeing him dominate in challenges. It was like he lost his strength and his mojo or something. I was actually, legitimately concerned about him. (laughing)
But I was very glad that he was there. I found a great sense of comfort just because we had such a history. We finally were in positions where we met on a neutral ground. We're friends now, which I think is awesome. It's just unfortunate that a lot of the footage of us hanging out and fishing together and talking just didn't make the show.
Reality TV World: Along those same lines, four of the season's Final 6 castaways were "old-school" contestants from before
: All-Stars
and one of you eventually won the competition. What are your thoughts about that -- do you think there's anything significant to that or do you think it's just a coincidence?
Jerri Manthey
That's a good question. I don't know. We are definitely used to playing that game without Hidden Immunity Idols and just based solely on strategic moves and making bold choices.
That's what I actually like the best about playing it old-school. That and it just allows you much more freedom in the game to relax occasionally, get to know each other, have fun, laugh, and just kind of have some human moments. The game has just turned into 150% strategy all the time. It's not as much fun to watch, I don't think.
Reality TV World: Colby approached Russell about eliminating Sandra instead of him prior to that Tribal Council and Colby specifically asked if he should talk to you about it before Russell assured him that he had you under control. Did Russell ever talk to you about getting rid of Sandra instead of Colby?
Jerri Manthey
No. Colby did come to me and talk to me at great length about keeping him around. But I explained to him very simply that for me it would just be a bad choice. I said, "Colby you know as well as I do that if you sit in front of that jury full of Heroes, you're going to win." It didn't make any sense strategy-wise, and it made me very sad because -- believe me -- I would have rather had Colby around those last days than Russell any day.
This whole Russell thing with he's got everyone under control, that guy has got the ego... He's a maniac. He's so delusional. I've never met anyone like him in my life.
Reality TV World: Where are things between [Benjamin "Coach" Wade] and yourself right now, have you stayed in touch since the show was filmed last summer? When we talked to him earlier this season he said you guys had agreed to go out on a date once the show was over.
Jerri Manthey
(laughing) Well I did agree to that in the context of the game to try and keep him on my side. But I will say this: I did actually mean it. I would be very interested to see what he's like when he's not in competition. We're definitely going to stay friends, absolutely. I think Coach is a fascinating person.
You know what I'm hoping? I'm hoping that when we do get to sit down together that he'll drop the dragonslayer thing and just be a real person and not a character.
Reality TV World: Well maybe he'll read this interview and when you guys do go on that date he'll be just that.
Jerri Manthey
: I'll keep my fingers crossed. Also anybody that's looking to see what I'm up to next, just got to jerrimanthey.com. I keep that thing up to date.
'The First 48' crew filmed Detroit raid that resulted in young girl's death
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Former 'Survivor' castaways Parvati Shallow and John Fincher get engaged!
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Khloe Kardashian and Tristan Thompson reportedly house hunting together in Los Angeles
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'American Horror Story' Season 7 gets a sub-title -- 'Cult'
Jada Pinkett Smith says she and Will Smith aren't swingers
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text:
BRETHREN-L ArchivesArchiver > BRETHREN > 1998-05 > 0896675175
From: MRS GRACE W EVANS< >
Subject: Clark Co, Oh Minnich family
Date: Sun, 31 May 1998 23:26:15, -0500
-- [ From: Grace Evans * EMC.Ver #2.5.3 ] --
Hello Phyllis,
Sorry, I don't have anything on your Ohio Minnichs or those from VA;
however, there is mention of Peter in my data. Looks to me as if we're
talking about the same person.
According to information given to me, sons of Johann Philip MUENCH,
Simon (my ancestor) and Peter, arrived in Oley Valley (Berks Co PA) in
Their ancestor, Baron Munch of France, because of his conversion to
Protestantism during the reign of Louis XIV, was stripped of his
possessions, his chateau burned and he himself killed. His kinsmen fled
to Germany in 1685.
This is from _History of the Minich, Munech, Minnick Family_ by Michael
A. Gruber, 1915. Another source cited was _Blue Book of Schuylkill
County_ by E. Z. Elliott, 1916.
My data on this family ends with Simon's daughter Maria Appolonia MUENCH
, who m. my GGGG grandfather Jacob WAGNER in Stouchsburg, Berks Co, PA.
My WAGNER line were Lutheran or Reformed until 1898 when my grandfather
married Mattie Crouse KING and joined the Ridgely CoB on the Eastern
Shore of MD.
Sorry I can't be of more help right now. It was less than 2 months ago
that I learned of my MUENCH/MINNICH ancestors; and I am indebted to
members of another list for sharing that. I'm still hunting and if I
find a connection to the Brethren Minnichs, I'll be happy to share it,
as well as any other information I have.
Grace Evans
Lancaster PA
-------- REPLY, Original message follows --------
> Date: Sunday, 31-May-98 11:09 AM
> From: Phyllis Jean Monroe \ Internet: ()
> To: (Unlisted Name) \ Internet:
> ()
> Subject: Clark Co, Oh Minnich family
> Hello Grace and Peggy,
> Seeing the name Minnich in your correspondence caught my eye and so I
> eavesdropped on your messages. My ancestry is the Wendel (1731-1787)
> Gertraut Balsbach (1731-1783) Minnich line, but I am also interested
in the
> other Minnich/Minnick/Muench, etc. families. I do think they were all
> in Europe just arrived in US at different times and settled in
different areas.
> I would like to test my theory with you all if you are interested.
> Several years ago, about 1985, I came across Peter Minnich who came to
the US
> along with brothers and families, but have not taken the time to
expand that
> line to see where they settled, etc. since I was more interested in
the Wendel
> line who settled in Montgomery, Miami and Darke Counties, Ohio.
> When I saw your correspondence this morning, I checked the Ohio
> Records from 1789-1850 and found approx.. 25 Minnich/Minnick marriages
in Clark
> Co. If you are interested in that information I will be happy to
include it
> in a future correspondence.
> I am interested in the information that you have on the Family who
came from
> Botetourt, VA (that was one of the routes taken by the Brethren from
PA) and
> settled in Clark Co, OH. Would you be interested in sharing your data
. I can
> fill in much of the Wendel line for you if you want it.
> Looking forward to further correspondence.
> Peace be with you.
> Phyllis
-------- REPLY, End of original message --------
This thread:
|Clark Co, Oh Minnich family by MRS GRACE W EVANS< >


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Have a Tax Question? Ask a Tax Expert
Hi! Welcome to Just Answers! Thank you for the opportunity to answer your issue! I will do my best to help!What you basically have is a condemnation of your property by the DOT. The IRS defines a condemnation as "the process by which private property is legally taken for public use without the owner's consent. The property may be taken by the federal government, a state government, a political subdivision, or a private organization that has the power to legally take it. The owner receives a condemnation award (money or property) in exchange for the property taken. A condemnation is like a forced sale, the owner being the seller and the condemning authority being the buyer."They are paying you for damage they did plus any property that they are seizing. The IRS calls this an "involuntary conversion". Normally, under IRC §1033, you can defer any gain on the sale or conversion of the property for up to four years, assuming that certain conditions are met. The property must be 1) destroyed because of a casualty (hurricane, earthquake, fire, flood, etc), 2) Lost because of theft, or 3) transferred because of condemnation or the threat of condemnation.The owner of the property does not have to be concerned about immediate replacement, as he would under an IRC §1031 exchange. Here, the owner has two years or longer to replace the property and defer the gain.In some instances, only a portion of a property could be involuntarily converted. For example, under the power of eminent domain, a city might take a building owner's parking lot, but not the building. If the taking of the parking lot renders the operation of the building economically impractical, then the property owner could sell the building as part of the original conversion and defer capital gain from the building sale as well. Known as the Masser Doctrine, thistax court decision allowed for the involuntary conversion of all property within the same economic unit. In an IRS ruling, the Service stated "[W]here all the facts and circumstances show a substantial economic relationship between the condemned property and the other property sold by the taxpayer, so that together they constituted one economic property unit, such as existed in the Masser case, involuntary conversion treatment for the proceeds of the voluntary sale will be permitted."
Since the DOT is only taking part of your property and leaving you with part of the property, you have a partial conversion, so the sale of the property for the additional $250k can be linked to the condemnation by the DOT.
Whenever a property is involuntarily converted, it must be replaced within a specific timeline with a property of equal value in order to receive complete tax-deferral. The type of property, and its use at the time of conversion, are important factors in determining how long a taxpayer has to acquire a replacement property, as well as the specific kind of property to be acquired. Additionally, the manner in which it was involuntarily converted (e.g., destruction or condemnation) can narrow the replacement property choices for a taxpayer.
The replacement period starts from the earliest of: a) the date the converted property is disposed of; or b) the date of a threat or imminence of requisition or condemnation. The replacement period ends anywhere from two to four years from the end of the tax-year during which any part of the gain is realized.
For conversions due to condemnation or a sale due to the threat or imminence thereof, there is a three-year replacement period beginning at the end of the tax year the condemnation proceeds are received.
If your property was condemned or disposed of under the threat of condemnation, figure your gain or loss by comparing the adjusted basis of your condemned property with your net condemnation award.
If your net condemnation award is more than the adjusted basis of the condemned property, you have a gain. You can postpone reporting gain from a condemnation if you buy replacement property. If only part of your property is condemned, you can treat the cost of restoring the remaining part to its former usefulness as the cost of replacement property.
If your net condemnation award is less than your adjusted basis, you have a loss. If your loss is from property you held for personal use, you cannot deduct it. You must report any deductible loss in the tax year it happened.
Since your LLC is a single member LLC, it is a disregarded entity, which means that you report transactions as if the LLC did not exist. Therefore, don't worry about any quit claiming back to you. Also, the holding period for long-term capital gains is one year.I hope this answers your questions! If you have any more, feel free to ask! If not, and you have found my answer to be helpful, please rate me highly! I would appreciate that!Thank you again, and have a great evening!RogerYour adjusted basis is the cost of the property, meaning what you paid for it plus the cost of all improvements, less any depreciation taken.
Thank you, XXXXX XXXXX! I really appreciate how quickly you responded and how thorough you were!
Most sincerely,
Hi Roger,
I hope this finds you well. Thanks again for your response. It turns out we ended up closing the very next day! I asked if we had a closing date yet, and they said, "How about today?"
When I recieved the settlement they paid with two checks. One was to pay-off the mortgage, unpaid interest and penalties and that was made to me as the mortgagee. That removed me from the deed, as the party who made the loan. The balance of the settlement, around $75K was paid to the LLC.
Now the question is, what do I need to do to take a portion of the $75K back? I paid that much additional for the improvements, but didn't include it in the original loan and didn't create a new loan document.
Basically, it was paid to contractors, a few thousand here and a few thousand there. I intended to create new loan docs at the time, but didn't as I was so overwhelmed with what was transpiring with the DOT.
Thanks for your response, Roger. I'm happy to pay you an additional amount for your answer!
I think part of the problem is, I need a different accountant. He said, the amount I paid the contractors above and beyond the mortgage would be treated as a capital investment and I could only write off $5,000 per year.
I read a little about: "Leasehold Improvements" and just want to clarify to make sure it applies. I financed the project for the LLC, which was to rent the property to a S-corp that I established to run the school.
I established separate entities with the LLC as owner of the property and the S-corp as owner of the school, hoping that if the school were to get sued for something a teacher did, the property would be protected.
As it turned out, the school leased the property from the LLC for a couple of months before the DOT shot us out of the water entirely. Then both the LLC and school stopped making payments because I could no longer afford it and the point was mute!
I didn't distribute shares to myself since I'm the sole owner of the LLC. I'm assuming the liability can be listed as, "Due to Managing Member," correct? If so, I assume I can just write a check to myself with that notation and leave a portion in the LLC's account to cover expenses while I work on rezoning and hopefully selling the remaining property.
Any advice on what questions to ask when I look for a new accountant?
Any chance I can have you do my taxes through Answer.Tax? If so, you're hired!
Thank you again for your quick and thorough response!
Thanks Roger! I'm so glad I found you. What a difference between what you're telling me and what my accountant was saying!
Thanks for telling me about the Georgia CPA Society. I checked it and found a few possibilities.
The property is located in Augusta. I'll check back with you tomorrow and see if you have any referrals. Then I'll leave you another EXCELLENT review!
Thank you SO much !!!
You're most welcome, Roger! I REALLY appreciate you.
Don't know if you found any referrals for Augusta or not. If so, that would be great. If not that's fine, too. At least I have a good starting point with the CPA Society.
Best wishes!
Thank you, Roger! I totally understand.
You've already saved me tens of thousands of dollars and I appreciate your advice tremendously!
I'll check out the CPA Society and lay out my scenario before selecting a new accountant.
If I'm ever in doubt again about something my accountant has told me, I'll ask for you! I'm so glad I discovered Just Answer. What a great service. I've already recommended it to friends, based on my wonderful experience.
Thanks, Roger! I'll definitely ask for you, if I have future tax questions! What a breath of fresh air you've been and how wonderful to be able to pose a question online and have it answered expediently!
I wasted two weeks calling different CPAs and tax attorneys. Got no response before I thought to look online!
I'll be a walking, talking billboard for Just Answer, thanks to you!
All the best,


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Monday, March 17, 2014
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In addition to offer a group rate for Accident Insurance, AFLAC also offers a NEMBA group rate for dental and life insurance.
Policy coverage varies slightly state by state, so please check out the specifics at the AFLAC/NEMBA policy page.


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The Killeen High School Class of 1983 will have its 30th reunion Oct. 4-6.
Activities include the Oct. 4 football game at Killeen High School. A semi-formal dance and dinner is Oct. 5 in the Longhorn Room at the Stagecoach Inn. A Sunday brunch is Oct. 6.
Tickets are $35 per person and do not include brunch. T-shirts for the football game are available; prices start at $13.
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