Latecumer, nothing personal I do enjoy most of your posts lol

 

Former Watergate Prosecutor: ‘No Question About It’, Trump and Ivanka Could Go To Jail for Tax Fraud If He Loses the Election

https://www.mediaite.com/crime/form...-jail-for-tax-fraud-if-he-loses-the-election/

 

They should go to jail if Trump wins the election. No one is above the law.

 

It's just been revealed the tax returns given to the New York Times are fake.

The fraud was obvious when the $70,000 deduction for hair care was found.

Seriously, who's gonna believe that?

 

At some point trump haters will have to admit that the determination of "value" is different for tax purposes and for loan purposes.

That, or continue to double down and remove all doubt that they are dumb as a hammer about tax and banking law.

shootersa, Today at 2:42 PMReport
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Really? Prove it! Show us where there are two different values for the same thing! I doubt you will!

anon_de_plume, Today at 4:38 PMReport
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stumbler likes this.

Google it, you dumb, lazy, whiny, bitch.

shootersa, Today at 4:54 PMReport
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You're the one making the claim, theburden of proof is on you. But then again, you've made claims in the past that you refused to back up, so it only stands to reason you're talking out of your ass again.

anon_de_plume, Today at 5:16 PMReport
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stumbler likes this.

Fine. If shooter shows how the IRS and banks each use a different basis for value, will you concede that the New York Times article is nothing more than a hack propaganda piece?
Yes, no, or run away.

shootersa, Today at 5:19 PMReport
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LOL! I've got no evidence to prove one way or the other whether or not the Times story is true or false, and you proving anything has no bearing on that. But it would be a first, I think, of you actually backing things up...

Knock your socks off!

anon_de_plume, Today at 7:58 PMReport
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stumbler likes this.

Oh no you don't.
Yes, no, run away.

shootersa, Today at 8:02 PMReport
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Play your partisan games all you want. I don't care. You made a statement you claim is true, nowyou are spinning it on my requirement to participate in you phony bullshit...

Piss off, space alien!

anon_de_plume, Today at 8:39 PMReport
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So. The answer is to run off.
Coward.

Shooter was pretty sure Anon would run off, cause, you know, big mouth, bigger coward.

However.
This is one of probably a dozen IRS "Topic discussions" that explain how valuation is established for tax purposes. In most cases it starts with cost basis, then wanders off into tax law from there. Property valuation is not a simple matter of looking on Zillow to see what they say a property is worth.
https://www.irs.gov/taxtopics/tc703
Topic No. 703 Basis of Assets
Basis is generally the amount of your capital investment in property for tax purposes. Use your basis to figure depreciation, amortization, depletion, casualty losses, and any gain or loss on the sale, exchange, or other disposition of the property.

In most situations, the basis of an asset is its cost to you. The cost is the amount you pay for it in cash, debt obligations, and other property or services. Cost includes sales tax and other expenses connected with the purchase. Your basis in some assets isn't determined by the cost to you. If you acquire property other than through a purchase (such as a gift or an inheritance), refer to Publication 551, Basis of Assets for more information. If you acquired your property from an individual who died in 2010, special rules may apply to your calculation of basis. Review Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (PDF) PDF for more information.

Now, a bank uses an entirely different method of determining "Value"
Actually, there are many accepted methods, this is one article that explains them. None of the many methods is based on the IRS methodology.
https://www.firstrepublic.com/artic...common-methods-to-value-a-commercial-property
1. Cost approach
This valuation method considers the cost to rebuild the structure from scratch, taking into account the current value of the associated land as well as construction material and other costs that would be associated with the replacement of the existing structure.

The cost approach is generally applied when appropriate comparables are difficult to locate, such as when the property contains relatively unique or specialized improvements, or when upgraded structures have added substantial value to the underlying land.

2. Sales comparison approach
Also known as the “market approach,” this method relies heavily upon recent sales data for comparable properties. By seeking recently sold buildings with similar properties from the same market area, a buyer hopes to ascertain a fair market value for the property in question.

For example, a 12-unit apartment building might be compared to another that sold in the same neighborhood just a few months earlier. While this valuation method is typically used to value residential real estate, it does have one significant drawback. Depending on general and localized market conditions, it can be difficult to find recent comparables for similar properties.

3. Income capitalization approach
This valuation method is based primarily on the amount of income an investor can expect to derive from a particular property. That projected income could be derived in part from a comparison of other similar local properties, as well as from an expected decrease in maintenance costs.

Say a building is purchased for $1 million, and the expected yield is 5%, based on local market research. That $50,000 per year in expected income could be enhanced by tightening inefficiencies or passing along other associated costs to the tenant, like electric or water usage. All expected future income is discounted to reflect present value.

4. Value per Gross Rent Multiplier
The Gross Rent Multiplier (GRM) valuation method measures and compares a property’s potential valuation by taking the price of the property and dividing it by its gross income. In other words, if you purchased a commercial property for $500,000 and it generates $70,000 in gross rents each year, your GRM would be about 7.14 or $500,000 / $70,000. This commercial real estate valuation formula is generally used to identify properties with a low price relative to their market-based potential income.

5. Value per door
This commercial real estate valuation method is used primarily for apartment buildings rather than single-unit structures. This method simply determines the entire building’s worth based on the number of units. A building with 20 apartments priced at $4 million, for example, would be valued at $200,000 “per door” irrespective of each unit’s size.

6. Cost per rentable square foot
Rentable square footage combines the usable square footage (the space tenants can occupy) with the common areas tenants benefit from, such as stairwells and elevators. Using this methodology, you can extrapolate the cost per rentable square foot, compare it to the average lease cost per square foot and make an evaluation of the building’s value.

For example, if a building has 10,000 rentable square feet and the average cost to rent per square foot is $12 per square foot annually, a purchase price of $1.7 million will generate 7% gross rental yield. However, if you know you can charge rent of $14 per square foot annually, a valuation of $1.9 million will yield the same gross return.

Now, it wasn't asked for, but insurance fraud was raised in this thread, so the question was asked; "How is property valued for insurance purposes?"
https://www.thebalance.com/replacement-cost-insurance-vs-actual-cash-value-4154015
The Difference Between Replacement Cost and Actual Cash Value

What Is Actual Cash Value (ACV)?
Actual cash value is the depreciated value of an item of property at the time of the loss. This type of settlement does not allow you to replace what you've lost. Rather, it compensates you for the value of the item as if it was being sold at a public sale.4

Actual cash value leaves you in a tough position because you won't be able to go out and buy a similar item new, at least not without some of the money to replace it coming out of your pocket. Replacing your personal contents—or even worse, your home—on an actual cash value or depreciated basis leaves you at a loss compared to replacement cost settlements.

What Is Replacement Cost?
Replacement cost provides you with a payment equal to that which would be required to replace the lost items. It's superior to ACV because it allows you to put yourself in the same position you were in prior to the loss. It provides you with the necessary money to replace your items.

So, Subby, and Bron, and rear admiral motherfucker and especially anon;
The IRS, and banks, and insurance companies all use different methodology to determine value. They use different methods because they have different goals; The IRS wants to establish a tax basis. The bank wants to establish a value to establish a loan, and insure that they get their money back even if the loan defaults. The insurance company needs to establish risk of loss and value if a claim is filed.

Shooter won't put you through the humiliation of acknowledging that you were wrong in your rants that Trump is guilty of ................... something ......... based on the NYT hack piece.

 

What if it turns out he commited fraud on his returns, is it still okay?

 

Except I never said he was guilty of anything. I just said that Deutsche Bank could use his tax returns. I'm not as smart as our resident self-professed space alien, and I don't have access to The Big Giant Head or a crystal ball, so I'll be happy to wait any see what actually happens.

I do love that you laud him... It's you!

 

No, of course it isn't.
If it turns out President Trump comitted no fraud on his tax returns, will you be able to live with that?

 

What is obviously true is that Trump spends more on hush money to pornstars than he does on taxes!

Thinskin

 

No doubt about it...more leftist propaganda bullshit all out of jealousy.

 

Has Trump ever had to ''repay'' or been fined by the IRS?

 

And Congress has spent more tax payers money on trying to find some dirt on Trump than they all collectively pay in federal income Taxes...yet Trump is running for RE-ELECTION.

Its rather comical that....ONE MAN... has half of this country in such tizzied whirlwind...

You poor mother fuckers will need extensive therapy if Trump gets re-elected.

 

I can see those Deutsche Bank loans guaranteed by Putin are going to be a bit of a problem.

Has a sitting President ever had his security clearance revoked?

Thinskin

 

Are you confirming that this is just more state-run leftist media potshots at class warfare?...to create more division within society?

 

The story has been known this side of the water for over a year!

Two Deutsche bank execs got the chop for allowing this exposure......I guess the Presidency was supposed to pay for loan.

It is up to Putin now but you could not care less.......you prefer kleptocracy over republic!

That is why you support a rapist/ racist in the WH........you are scared shitless of a meaningful and comprehensive democratic vote.

You prefer criminals, voter supression and the maintenance of an underclass!

You do not even think these underclasses should be permitted a vote that is why you voted for the cunt grabber......I guess we can add sexist to your other labels.

Enjoy it!

Thinskin

 

You sure have some strong words about something you know nothing about, yet that's what we expect out of a tourist.

Taking the word of big government supporting media is not a wise approach...but, I'm sure no one cares about the opinions of a wanna be arm chair propagandist just causally throwing a tantrum at the will of the puppet masters.

Just think...it's quite likely that you tourists will have another 4 years of continuing your shallow rhetoric all in the name of 'fair democracy'.

On a lighter note...Dont this pussy look so enlightening and delicious?

View attachment

 

Really?

You would be surprised what speaking German or Dutch allows you access to newswise.

Thinskin

 

I have always just laughed my ass off at @shootersa when he tries to claim the Democrats are the elites. While Trump surrounds himself with billionaires (which Trump appears not to be) fills our government with lobbyists and donors and hands the 1% a trillion dollars.

Oh but just look and Nancy Pelosi. She likes to eat expensive ice cream. What a pathetic joke from a corrupt lying hypocritical partisan.

$70,000 in hairstyling expenses? Ocasio-Cortez attacks Republicans over Trump’s taxes

https://www.marketwatch.com/story/o...to-trump-over-report-on-his-taxes-11601259832

 

Poor old rear admiral motherfucker is reduced to lies and propaganda aimed at xnxx members.
Sorry little troll, wonder if he has any friends left.