Can I be an "ordained minister" and trade tax-free?

Discussion in 'Taxes and Accounting' started by J.P., Jan 13, 2014.

  1. J.P.

    J.P.

    Nah, I'm JP not JD. I just started grasping at straws like this because I am now facing a monster tax bill.
     
    #21     Jan 15, 2014
  2. ofthomas

    ofthomas

    dont complicate your life with scams, just do a bit better planning tax wise... and next year you will be better off...

    http://www.traderstatus.com/
     
    #22     Jan 15, 2014
  3. start and fund a foundation or endowment fund. apply for 501c3 status.

    perhaps find a real cause that you want to support. depends on the state, but private foundations are viable things to consider.

    you may also be able to move your assets into there and help with the tax matters.

    the rest is details.
     
    #23     Jan 15, 2014
  4. J.P.

    J.P.

    NoDoji also mentioned 501(c)(3); I thought she was kidding. I'll look into it, thanks.
     
    #24     Jan 15, 2014
  5. ===========================

    Great point, Mr Simple trend trade;
    God giving :D

    In an election year anything can happen:D

    But dont forget many references in Holy Scripture seem to favor the lender; sure i remember[in Bible] the widow woman that BORROWED BIG, BORROWED BIG number pots from her friends, HUGE oil miracle. Amazing miracle

    But, friend, note no interest; + many friends lend ; so if a few friend s call the cooking pot loan= no problem:D

    Many blow up$ result form huge borrowing/leverage from only one or a few banks=a loan call/margin call = BLOW UP.
    No wonder Dave ''radio'' Ramsey calls some big banks customer service ''scum'':D
     
    #25     Jan 15, 2014
  6. murray the turtle I have never seen you talk so much.
     
    #26     Jan 15, 2014
  7. Join Scientology and figure out how they get away with it...
     
    #27     Jan 15, 2014
  8. nursebee

    nursebee

    Roth IRAs offer the same benefit without the complications
     
    #28     Jan 15, 2014
  9. This ET forum really has some threads that put a laugh on my face.lol. :D
     
    #29     Jan 15, 2014
  10. drcha

    drcha

    Yes, good question.

    The SPLC is not so bad--they took the f***ing KKK apart--good for them.

    I'll come to your church services on Sundays since I really miss trading on that day--we can at least talk about trading. I will only come if you serve communion wine, though. Chateau Margaux preferred. Thank you.
     
    #30     Jan 21, 2014