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Mr. Saunders saw the sale to Clear Channel as an opportunity to get out of debt, not it’s not even worth raising the effort. But get down to just car dealers, large and some of the counties now are still 80% Black. And the area where we live, Blacks buy about 70% of the cars ... Retrieve Document
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Tax - The University Of Chicago
Gov’t balks, he has to include the taxes they pay for him as add’l income. Court agrees. The discharge of a debt by another land for land, cars for cars the Court needed to get around this without making such sales void. Otherwise burned buyers could get out of sales ... Read Full Source
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TAX OUTLINE
§ 280F(b) treatment of certain personal property used in business, such as computers, cars Must be bonafide debt, arise out of an arms length for personal bad debt or with family. § 166(d)- personal bad debt not deductable, but, realized on disposition. For debt, I can get a ... Document Retrieval
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CHAPTER 3
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Depreciation for Cars. Rule (§280 limit)- Depreciation for any passenger car can’t exceed: Don’t have to get rental income, can just be holding it for investment income. How it works- little or no money in or out, but get lots of tax deductions. ... Access Full Source
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