Sentences with phrase «classified as a dealer»

If classified as a dealer (business owner) your flip will be subject to your ordinary rates plus SE tax (15.3 %).

If you do get classified as a dealer (and, if you do multiple flips, you will), the calculation is identical, because the houses are inventory, and the income is ordinary income.

Specifically, if you are classified as a dealer, it's just like running a retail store: The IRS considers your profits to be ordinary income, rather than investment profits.

Indeed, there are some advantages to being classified as a dealer, as well.

Not exact matches

Animal advocates say some pet dealers have long taken advantage of legal loopholes that allowed them to be classified as humane societies to avoid regulations.

We've browsed dealers, classified sites and auctions, and here's our pick of the best used classic, sports and performance cars on sale - as chosen by evo staff.

Generally, when a manufacturer sub-contracts a specialist tuner to fit - out a batch of vehicles that the manufacturer sends to that tuner and has the vehicles returned directly to the manufacturer, for sale through its dealer network, and those vehicles are not road registered, and therefore are still classified as new, those vehicles are sold with the full manufacturers warranty.

I love the tech, he'd take me into the garage or lot, show me what was wrong, explain things thoroughly, and be very candid about the state of some vw parts at the time (such as the MKIV MAF being on revision «R» in late 2001 after the model was only introduced in «99.5) which greatly earned my trust in him and his ability to work «for me and my car» not just «for the dealer, on my car»... I probably should have been able to get my car classified as a lemon, but his service manager didn't even stand behind what he said.

, the insurance company may go to independent sources such as used - car dealers and classified ads to determine a price.

If you disagree with the value set through NADAguides.com, the insurance company may go to independent sources such as used - car dealers and classified ads to determine a price.

PAWS classified home breeders producing over six litters and selling over 25 animals a year, as dog and cat dealers.

As a result of poor care, unhealthy puppies and kittens are sold directly to consumers through the Internet or classified ads or to brokers / dealers who sell them to pet stores throughout the United States.