[HUG ] Re: SV: SV: Re: SV: Re: SV: Re: On the subject of equipment cost

DEAR TOM,
        Since this topic is straying pretty far afield, I am hoping you
might either dispel or confirm a story I heard.  Though Sweden was neutral I
heard that many older Norwegians who remember WWII are not terribly fond of
Sweden because the Swedish government allowed the Nazis to cross Sweden by
train to attack and occupy Norway. 
        Looking forward to your info...
                CHEERS!
                        BOB

-----Original Message-----
From: hasselblad-bounce@xxxxxxxxxxxxx
[mailto:hasselblad-bounce@xxxxxxxxxxxxx] On Behalf Of Tom Just Olsen
Sent: Thursday, October 16, 2008 6:04 PM
To: hasselblad@xxxxxxxxxxxxx
Subject: [HUG ] SV: SV: Re: SV: Re: SV: Re: On the subject of equipement
cost

Rickard,

Talking of lakes hiding secrets...

Not far from where I have my office in Oslo there is a 'mysterious lake in
the forrest'.  During WWII MILORG helped a German soldier and his Norwegian
girlfriend to escape to Sweden by letting them use MILORG's own secret
escape route with minders, helpers and guides.  When they came to Sweden the
German was confronted with that he would be interned in a camp.  Then the
couple decided to go back to Oslo again.  The MILORG leader had them
assassinated, they had to since they had compromised all the route helpers,
and the tragic couple is supposed to be dumped in this lake.  

Tom of Oslo 



> From: Richard Schiff [leicaman@xxxxxxx]
> Sent: 2008-10-16 22:44:09 CEST
> To: tjols@xxxxxxxxx
> Subject: RE: [HUG ] SV: Re: SV: Re: SV: Re: On the subject of equipement
cost
> 
> Dear Tom,
>  
> Sounds absolutely beautiful.  Being a WWII history buff I wonder what the
Germans might have dumped into your lake at the end of the war.  Sometimes
those lakes hold many secrets....
>  
> Rich
>  
> San Diego
> 
> 
> 
> > Date: Thu, 16 Oct 2008 22:28:46 +0200> From: > To:
hasselblad@xxxxxxxxxxxxx> Subject: [HUG ] SV: Re: SV: Re: SV: Re: On the
subject of equipement cost> > Richard,> > It might sound impressive, but is
only 186 hectares bought for a song when Russia flooded Europe with cheap
timber. - And really, the purpose of the purchase was to get control of our
summer house neighbourhood, not to do business as such. President Putin, - I
ought to send him a christmas card, then implemented a hefty export fee on
their timber exports, doubling timber prices. It has turned out to be a very
good investment.> > Much more important: It is a very beautiful, picturesque
and unique place where bears, wolves and lynx are regularly roaming. And
moose and deer. It is situated 170 km right east of Oslo, (about 59.55.00 N
- 12.50.18 E) on top of a hill overlooking a small lake called Borsjøen.
Deep in the forest are a desolate farm from the 16th century. The last who
lived there emigrated to America back in the 30'. One of them fell at some
island in the Pacific during WWII.> > We are going over there this weekend
to pick up the meat from the moose hunt. - We don't hunt ourselves, but get
our share of the proceeds from the annual hunt.> > Tom of Oslo> > > From:
Richard Schiff [leicaman@xxxxxxx]> > Sent: 2008-10-16 21:22:10 CEST> > To:
hasselblad@xxxxxxxxxxxxx> > Subject: [HUG ] Re: SV: Re: SV: Re: On the
subject of equipement cost> > > > Tom,> > > > If you own a forest... who
cares about deductions!> > > > > > > > > Date: Thu, 16 Oct 2008 20:42:30
+0200> From: tjols@xxxxxxxxx> To: hasselblad@xxxxxxxxxxxxx> Subject: [HUG ]
SV: Re: SV: Re: On the subject of equipement cost> > Sure, this is very
similar as over here. But here in Norway I am only an ordinary employee with
no possibility to deduct any 'hobby expenses' from my income. > > But my
wife and I own a forest estate in Sweden. This is reckoned as a 'business'
according to Swedish tax rules. We have to make a tax declaration every
year, declare income, deduct expenses, VAT paid and VAT charged. We have a
depreciation plan where we depreciate any large investments done during the
year, like machinery, tools, protective clothes, roads or plantings - and
pay 32% tax on any profit. Running a forest estate like this is indeed a tax
planning exercise. But sorry, no photo equipment can be deducted. And there
is no discussion! Swedish tax authorities are very strict and the rules are
very specific; it got to be very 'forest industry related'. > > Tom of Oslo>
> > From: Gary Todoroff [datamaster@xxxxxxxxxxxxxxxxxxxx]> > Sent:
2008-10-16 04:55:19 CEST> > To: hasselblad@xxxxxxxxxxxxx> > Subject: [HUG ]
Re: SV: Re: On the subject of equipement cost> > > > You are in business in
the US if you engage in financial activity > > with the intent to make a
profit. The same rules apply whether you > > are a multi-million dollar
company or an individual who loses money > > most of the time. The IRS
"guidelines" stipulate that you should show > > a profit for some years, but
I don't know what is the exact number of > > years. Tax LAW, last I heard,
did not specify that you had to always > > make a profit, although numerous
years of losses could trigger an IRS > > audit. In any case, the tax laws
were made for the big guys, but the > > little guys get to play by the same
rules. There is absolutely > > nothing shady about taking whatever
deductions you are entitled to by > > the rules, as long as you are not
fraudulent in your declaration of > > income and expense. That is the
difference between tax AVOIDANCE and > > tax EVASION.> > > > What I really
hate is the smug attitude of someone who has always > > collected a paycheck
who says to the businessman, "Can't you just > > write it off?" That is
money out of your pocket, no matter what the > > expense. A write-off is
money spent, plain and simple. If you can > > justify it as a business
expense, however, some or all of it can be > > deducted from the profit of
your business on which taxes are paid. An > > expense as large as the
stratospheric cost of a Hassleblad these days > > would probably need to be
put on a deduction schedule, in which you > > can only show a portion of the
overall expense over a few years. In > > these digital days, you may not be
able to actually deduct all the > > equipment expense from your profit until
long after the equipment is obsolete.> > > > In any case, I'm neither a
lawyer nor an accountant. All the money I > > give those gusy to keep up
with the insane rules, however, is a > > business tax "write-off", and an
absurd waste of money that I would > > much rather keep in my pocket!! If
you are not filing an IRS Schedule > > C these days showing profit and loss
for some kind of business, then > > just kiss your paycheck money goodbye as
it takes wings toward the > > bottomless pit called Washington, D.C.> > > >
Gary Todoroff> > > > > > > > >>In the USA, You must be trying to run a
business.... with verifiable> > >>"things" that you do to maintain a
business.... Then and only then can you> > >>deduct your costs.... and yes,
from your other income if it is a loss.> > >>> > >>Buying a $75K Hasselblad
or Leica S2 system, taking it off the taxes and> > >>then doing absolutely
nothing to actually run a business ( real> > >>advertising, some jobs, maybe
a few customer meetings) will get your> > >>deduction dumped if you get
audited.> > >>> > >>The trick it to run the business at a zero, or, better
yet, $1 profit a> > >>year.... and then run it forever...... Then you can
buy a $75 Blad system> > >>and they can not complain...... as long as you
can show you used the> > >>equipment in earning the revenue.......> > >>> >
>>I think our Tax guys are more intolerant.........than the Canadians......>
> >>> > >>> > >>Frank Filippone> > >>red735i@xxxxxxxxxxxxx> > > > > >
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