This should be an interesting week... - Club700XX - Honda TRX700XX Forum
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post #1 of 11 Old 02-16-2015, 11:39 AM Thread Starter
 
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This should be an interesting week...

As some of you already know, I am the director of a alcohol and drug facility... But, we do not own the houses we occupy, we rent from a trust that was set up to assist our facility. A bit complicated, but the short of it is, I am one of the Trustees.
Every year the Trustees meet and go over the year's trust activities and to sign our tax forms... all of this takes less than an hour once a year... for being a Trustee, we are entitled to be paid @ 1% the value of the trust split between the Trustees... In my case that would be about $10,000 - $16,5000 each... For less than 1 hour work, I think that's pretty good. Plus I'll be getting $20,000 for the facility. The $10k - $16.5k goes to my pocket.

roadkill

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"You lock the door and throw away the key. There's someone in my head, but it's not me."

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post #2 of 11 Old 02-16-2015, 07:39 PM
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grin

why dont you send some of that obama money to my poor ass in like an I OWE YOU deal!


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post #3 of 11 Old 02-17-2015, 11:27 AM
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Ah to be in CA during tax season. Time to get out the BB guns.

2008 TRX700xx
13Tfront
Kenda Bear Claws 23x8x11
Custom 2" receiver
2007 Honda Forman TRX500es (wifes)
54" Moose plow (for the horse poo)
rear seat/ strorage box
Ground Hog Disk harrow kit
2x 2009 Kawasaki KFX 90 (kids)
PEI fog lights
"If your face isn't dirty, you haven't been riding." Daughter age 10 (riding style, 2 speeds, full out and off)
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Its amazing how far a KFX 90 will fly if you go fast. 15' is her current record.
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post #4 of 11 Old 02-17-2015, 11:51 AM Thread Starter
 
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Ah to be in CA during tax season. Time to get out the BB guns.
Except... we don't pay any tax, we're non-profit (501 c3)

roadkill

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"You lock the door and throw away the key. There's someone in my head, but it's not me."

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post #5 of 11 Old 02-18-2015, 07:19 AM
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Not for profit???? oh the facility is NFP. "good on ya then mate." Bruce the Shark

2008 TRX700xx
13Tfront
Kenda Bear Claws 23x8x11
Custom 2" receiver
2007 Honda Forman TRX500es (wifes)
54" Moose plow (for the horse poo)
rear seat/ strorage box
Ground Hog Disk harrow kit
2x 2009 Kawasaki KFX 90 (kids)
PEI fog lights
"If your face isn't dirty, you haven't been riding." Daughter age 10 (riding style, 2 speeds, full out and off)
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Its amazing how far a KFX 90 will fly if you go fast. 15' is her current record.
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post #6 of 11 Old 02-18-2015, 12:01 PM Thread Starter
 
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Originally Posted by Snoshoe View Post
Not for profit???? oh the facility is NFP. "good on ya then mate." Bruce the Shark
My income is not taxable as well... Social Security Disability, even with the money from the trust, it's still not over the threshold to be taxable income.

$865 per month from SSD and it's all gravy... I don't pay any rent, no utility bills, no car/truck payments, no auto insurance payments... no bills of any kind, so my income is all mine.

roadkill

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"You lock the door and throw away the key. There's someone in my head, but it's not me."

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post #7 of 11 Old 02-19-2015, 06:21 AM
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lucky friggin dog. hows this? I live about 11 miles from the honda factory here in sc they have a few positions open so I applied waiting to here from the HR dept. too bad they only make the rubicon and the 4 seater they use to make the 400ex but not any more. stay toasty

2008 TRX700xx
13Tfront
Kenda Bear Claws 23x8x11
Custom 2" receiver
2007 Honda Forman TRX500es (wifes)
54" Moose plow (for the horse poo)
rear seat/ strorage box
Ground Hog Disk harrow kit
2x 2009 Kawasaki KFX 90 (kids)
PEI fog lights
"If your face isn't dirty, you haven't been riding." Daughter age 10 (riding style, 2 speeds, full out and off)
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Its amazing how far a KFX 90 will fly if you go fast. 15' is her current record.
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post #8 of 11 Old 02-21-2015, 12:56 PM Thread Starter
 
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grin

Just a follow up, had my meeting with the other trustees yesterday and came away with a check for $8,401 for less than 45 minutes worth of trustee work. All in all, I'd say that it was a good day.

As it works out, the 3 trustees split 1% the value of the trust... $2.52 million.

roadkill

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"You lock the door and throw away the key. There's someone in my head, but it's not me."

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R. Waters
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post #9 of 11 Old 02-23-2015, 07:37 AM
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once a year? or monthly?
not a bad return either way

2008 TRX700xx
13Tfront
Kenda Bear Claws 23x8x11
Custom 2" receiver
2007 Honda Forman TRX500es (wifes)
54" Moose plow (for the horse poo)
rear seat/ strorage box
Ground Hog Disk harrow kit
2x 2009 Kawasaki KFX 90 (kids)
PEI fog lights
"If your face isn't dirty, you haven't been riding." Daughter age 10 (riding style, 2 speeds, full out and off)
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Its amazing how far a KFX 90 will fly if you go fast. 15' is her current record.
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post #10 of 11 Old 02-23-2015, 11:40 AM Thread Starter
 
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once a year? or monthly?
not a bad return either way
Once a year.

roadkill

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"You lock the door and throw away the key. There's someone in my head, but it's not me."

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R. Waters
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