BUSINESSYACHTOWNERSHIP®
INANUTSHELL
WHATISTHEBUSINESSYACHTOWNERSHIP®PROGRAM?
Thisprogramisthemostsuccessful,privateprogramforprivateownersintheworld.Therehavebeen
over750successfulparticipantsinthelast40years.Noone,thatweknowof,haslostasingledollarof
claimedtaxbenefitswhentheyfollowedourguidelines.(NOTE:Q&Aattheend)
BYOisasimple,flexible,programthatprovidesanalternativepathtoboatownershipandoffersthe
ownersubstantialadvantages.Ifthere’sonewordthatdescribesourprogram,its“Flexibility”!
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Youcanownthekindofboatyoulike.Thelayoutyouprefer,
withtheoptionsyouwant.Amonohullorcatamaran.Asailor
powerboat.
Youhaveachoiceofwheretokeepyourboat,andcanFollow
TheSunbetweenlocationsseasonally.
Youcanuseyourboatasmuchasyoulike.Thisincludesusingit
foroneseason,andtakingit(orhaveustakeit)fromyour
favoriteareatoapopularcruisingdestinationchosenfrom
amongouraffiliates.Asofnow,thereareten.
TaxBenefits.Theprogramworkswithorwithouttaxbenefits.
Whileinourpopular,southernlocationsthereisenoughactivity
tocoverallofthetypicalcosts,includingloancosts,without
evenconsideringtaxbenefits,therearealso“activetax
benefits”availableforqualifiedAmericanorCanadianowners
(Andothernationalitiesaswell).Theseoccurbecauseofthe
waythattheprogramissetup,asanactivepartnerinyourown
business—abusinessjustlikeanyother.Withtheseavailabletax
advantages,youcanhavesubstantialpositivecashflowwhichcanbeusedtopaytheboatoffearly,orkeepitinafavorite
areawherethereisnotenoughactivitytoearnsubstantialpositivecashflow,butwhereyoucanstillbreakeven,or,ata
minimumcoverasubstantialportionofalloftheexpenses.
Youdecideseasonallywhereyouwantyourboat,andcanleaveattheendofanyseason.
TYPICALGOALSOFPARTICIPANTS
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Eliminatethecashflowofownershipwithorwithouttaxbenefits.
Enjoyyourboat,whiletheprogramtakescareofalloftheservicedetails.
Buildequityusingtaxbenefitsandincometopaytheloandown,orpayoffyourloaninachosenperiodoftime.We’llshow
youhowthisworkinthewebinar.
Makeyourboatapartofyourretirementplanwithaplannedconversiontopersonaluse,orarollovertoanultimateboat
atatimeofyourchoosing.We’lltalkaboutearlyloanpayoffandexitstrategiesduringthewebinar.
Enjoythesimpleactofownershipwithnohassle.Taxadvantageswithminimumchanceofaudit,andvirtuallynochanceof
losingyourbenefits.Sleepsoundlyatnightknowingyourboatisworkingforyou,whetheryou’rethereornotandthatit’s
inthehandsofprovenprofessionals.Maintainedtothehigheststandards,andenrolledinasuccessfulbusinesswhichyou
control.
Tohaveaboatinexceptionalconditionwhileit’sintheprogram,andturnedovertoyouwhenyouchoosetohaveit—in
excellentcondition.(You’lllearnwhythisworksinthewebinar.)
WHAT’SDIFFERENTFROMOTHERPROGRAMS…
ACY’sBYOprogramisnotachartercompanyprogram.ACYisafactory,authorizedYachtdealer(notachartercompanyallowedto
sellboats)ACYoffersanownerorientedprogram,thatistotallydesignedfromthestarttosimplysupporttheowner’schoices.This
istotallydifferentfromachartercompaniesprogramwiththeirgoalsbeingbuiltaroundstockingacharterfleetwhichoffers
optimumincomeforthechartercompanywithlittleregardforyourpreferences.
OurBYOprogramsimplyrepresentsanadditionalservicethatwehaveofferedourcustomersforover40years.Likeoffering
financingandinsurance,thereisnochargetoyouforusofferingyouthisexpertise.Frankly,wemakeourmoneybysellingmore
boatstopeoplewhomightnototherwisejustifyaboatintheirplanning.Ourprogrammakesiteasy,fun,andoffersallofthe
businessadvantagesavailabletoanysmall,homebasedbusiness.
Weoffervettedinformationbasedonover40yearsofexperience.Thisexperiencewasdevelopedovertimeasweplacedover750
boatsintheprogram.We’vetalkedto100’softaxadvisersandcustomers.Charterersandchartercompanyoperators.Hundredsof
them!Thisisn’tourfirstrodeo,andyou’llknowitimmediatelywhenyoustartaskingquestionsoftheotherguys,especiallytax
questions.
Oneofthehighlightsofourprogramisthatwehavenevershiedawayfromdiscussionsaboutthetaximplicationsandadvantages.
Weofferexpertopinionsandtheexpertsthemselvestohelpyou.WealsoofferauniqueSales
Associateprogramwhichmakesyourboatbusinessbulletproof.You’llqualifyforthetax
advantageswithouthassle,andwithconfidence.Noneedtoworryabout“Hobbylossrules”,“Profit
in3outof5years”,issueswithdisallowanceofthe179deductionwithoutofcountryparticipation,
theJonesActissuesoranyoftheotherpitfallscharacteristicofotherprogramsthatarenotfully
vetted.
Inourwebinarandfollowupinformation,we’llshowyouhowtominimizeoreliminatethechanceofaudit.We’llshowyou
specifically,structureyournewbusinessshouldtaketoaccomplishthis,andthenwe’llhelpyousetupyournewbusiness(ordoit
foryou.).We’llsharewordsthatneedtobeeliminatedfromyourvocabularyandclausescontainedinmanychartercompany
contractsthataresuretogetyouintrouble.Don’ttakeachance.Gowiththemostexperiencedandsuccessfulleaderinthe
businessACY
CHARTERCOMPANIESARENOTDEALERSANDDON’THAVETHEFULLSUPPORTOFTHEMANUFACTURER.
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Theydon’tattenddealermeetings,orhaveaccesstothetechnicalinformationofferedtodealers.
Theydon’tofferwarrantysupportatadealerlevel—owner’smustrelyontheslowprocessofapprovaldirectfromthe
manufacturer.
Theyaren’tallowedtoparticipateatthemanufacturersboatshows.Thismeanstheydon’tgettheleadsfromtheshows
thatwantto“TryBeforeTheyBuy”—wanttotryaboatwithanowner’slayoutandequipment,notacharterboat.Access
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tothispoolofprospectsisoneofthereasonsthatourprogramworkswithownerorientedboats,ratherthanjustcharter
boats.
TheirboatsaregenerallyillegaliftheycomeintotheU.S.IfIslandboats(deliveredoriginallytotheIslandsandnotpaying
duty),theygenerallyhavenotpaidduty.That’snotillegal,butahassle.Youhavetocomeinonavisitorspermit,orgo
throughtheprocess.But,moreimportantly,they’renotaU.S.C.G.authorizedU.S.importer,meaningtheycan’tissuean
officialHullIdentificationNumber(HIN)whichisrequiredbytheC.G.forboatscruisingintheU.S.ACYhasthiscapability.
Also,theyprobablyhaveasubstandard110electricalsystem,andaremissinganumberofupgradesthatwedowithour
package.
AboatinanonU.S.territorydoesnotqualifyforoneofthemostdesirabletaxadvantagesofall—the179standard
deduction.Thisdeductionofupto$500,000isavailabletoallofourclients,includingthoseintheVIbecauseofthespecial,
qualifyingsetupweoffer.Learnaboutthisatourwebinar…Don’tbebrushedoffbytheircasualdiscussionoftaxissues,
andIRSguidelines.Thefailedaudit,couldbeyours—nottheirs!
WHATDOYOUOFFERTOSUBSTANTIATEYOURCLAIMS
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Wedoweeklywebinarsthatfullyexplaintheprogramwithfollowupbusinessplansandtechnicalwhitepapersofferedto
participants.Thisinformationhasbeenvettedbysomeofthebestcertifiedtaxplannersinthecountry,andyouhave
accesstothemwhenthetimecomes.Theinformationpresentedoffersincomeandexpenseprojectionsextracteddirectly
fromourbasemanagersownerfinancialstatementswhichwereviewsemiannually.
Participantshaveaccesstoexpert,certifiedtaxandfinancialplanners,butbeforethat,accesstotheinformationthathas
beenreviewedandvettedbytheseexperts.
Oncequalified,clientswillhaveaccesstotalktootherexperiencedparticipates,basemanagersaswellastheafore
mentionedtaxprofessionals.
WHATDOESACYDOFORME?
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Weshareabusinessplan,andofferawebinarthatfullyexplainstheprogrambasedonover750othersuccessstories.You
don’tneedtoreinventthewheel,andyoudon’thavetosettleforaminimallyequippedboat,andlimitedflexibilitythata
chartercompany,orinexperienceddealeroffers.Believeme,theycometousallofthetimeaskingabouttaxaspects,and
howtochooseaninstallcertainupgradedequipmentthatweroutinelyoffer.
ExplainandArrangefinancingwithanumberofdifferentsources.
ArrangeDockage,insuranceandmaintenance,withthemanagementaffiliateofyourchoice.
Offerboatservicesupport,andbusinesssupportbefore,duringandafteryouchoosetoparticipate.
Offercompletecustomizationofyourboatwithachoiceof:
o Manufacturerandlocalcustomequipmentchosenbyyouataplanningconsultationwithengineersandindustry
expertsandtheninstalledbythemostexperiencedteamintheindustry.
o Includedinourequipmentpackagesaresubstantialupgradestomanufacturerssystems,especiallytheelectrical
systemwhichisdesignedtobeatypicalminimum,packageforEuropeanwhohavefarlessinthewayofcomfort
andconveniencestandardscomparedtoAmericancruisers.
o Liveaboardequipment.Thiscanbeinstalledforyouruse,andlockedoffforcharteruse,orduringourearlier
commissioningmeeting,wecanpreplumbandprewireforit(Washerdryers,appliances,watermakers,dive
compressors,etc.)soit’seasytodropinwhenyouconverttopersonaluse.
o Asafullyauthorizedfactoryauthorizeddealer,wehaveaccesstomoreinformation,engineeringdrawingsand
expertise,andwecancustomizeyourboattoyourparticularrequirements.We’re
notnewtothis,andwe’renotreluctanttoofferyouourfullrepertoireof
services.WehavefullcommissioningfacilitiesinAnnapolis,FloridaandFrance,an
allofourmanagementcompanieshaveourfullsupportasauthorizedfactory
supportagentsfullysupportedbyourteamatACY.
WHAT’STHENEXTSTEP?
Istronglysuggestyouparticipateinaliveorrecordedwebinartounderstandtheuniqueaspectsofourprogram,andgothroughit
stepbystep.Thisfastpaced,detailedwebinarwillshowyouhowtheprogramworksandwillexplainhowtounderstand:
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TheCashflow.Adetailedlookatincomeandexpenses,basedonactualcaseexamplesin9differentlocationsand
scenarios
Thetaxadvantages—butalsothecashflowwithoutandwithtaxadvantages
Yourqualifications.What’snecessarytoparticipate.Hint…Youdon’tneedcruisingexperience,andyoudon’tneedto
dependontaxadvantages,butyoudoneedthewherewithaltofinancetheboatorcomeupwithcashoranalternate
sourceoffinancingifyoudon’tqualifyforthenormalmarinefinancingweoffer.
Howtopaytheboatoffearly,ormakeitapartofyourretirementplan.
Howtostructureyourbusinesstominimizeoreliminatethechancesofaudit—literally,howtomakeitbulletproof.
So,joinmeforarecordedorlivewebinartodiscoverifthisprogramcanworkforyou.Simplygotomy
websiteat:
http://www.atlantic-cruising.com/eric-smith-landing/eric-smith-landingeric-smith-news/
(Click on webinar)
Clickontheregistrationlink,andchoosefromthelistofupcomingwebinars.Ifnoneworkforyourschedule,
justchoosethenextavailable,andindicateinthedropdownthatyouwillnot,oronlymayattend,butwant
therecordedversion.Ialwaysrecommendtheliveversionbecauseit’sthemostuptodate,reflectswhat’s
goingonnow,andyougetachancetohearother’squestionsandaskyourown.It’stotallyinteractive,and
usually,thereareonlyafewparticipantsatanysessionsoyou’renotlostinthecrowd(unlessyouwanttobe!).
Ifyouhaveanyquestions,pleasecallmeat4107035655oremail:[email protected]
Whynotengagetheperfectpartner?
IMAGINETHEPERFECTPARTNER…
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Heagreestoletyoutaketheboatanytimeyoulikeandhenotes
thathewillworkhisschedulearoundyou.
Healwaysleavestheboatcleanandreadyforyoutouseit.
HehasanotherbaotdownintheCaribbeanandoffersyoutheuse
ofthatboatwheneveryouwishatnocosttoyou.
Heputsyouintotalcontrolofallthedecisions.Youdecidewhere
tokeepit;whetherornottomoveitsouthforthewinter;whento
sellitortradeit.
Finally,heagreestopayfor100%ofthetotalcostsoftheboatwhileheoffersyou100%oftheequity
andtaxadvantagesthataccrue.
DOESSUCHAPARTNEREXIST?
Yeshedoes.WhenyoulearnthedetailsofourBusinessYachtOwnership®Programyouwilllearnhowsucha
perfectpartnershipcanbecreated.Howyoucanownthekindofboatyouwantnow;haveitimpeccably
maintainedwithlittleornooutofpocketcost.Thisprogrammayrepresenttheopportunityyouhavebeen
lookingfor!
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Youcanconvertincomeandtaxadvantagesintoequity.Ownin5yearsforlessthanotherspayoutfor20
(Ownin¼thetimefor¼thecost).Butjustasimportant,youwillbebuildingequityinanhonestoffshore
yachtnotacharterboatwithsurplusberthsandheadsandminimumstorage.
Thereisnootherplanthatoffersmoreandhelpsyouownfaster!
TheAdvantages
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Eliminatesthecostofownership–80100%
Ownin1/4thetime,for1/4thecostin5yearsinsteadof20.
Earna20–50%returnonyourinitialinvestment.
Sailforfree–Northinthesummer,Southinthewinter.
TheChoices
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Youchoosethekindofboatyouwouldeventuallyliketoown.You’renotlimitedtoacharterboatwith
toomanyberthsandheadsbutnotenoughstorageroom.
Yougetfirstpreferencesforlocation.Keeptheboatatdifferentbasesaccordingtotheseason.
Youchoosethelengthoftimeyouwanttoparticipateintheprogram.Leavetheprogramwhenever
youwishwithjust90daysnotice,inmostcases.
TheDifference
Itisourprogram’sflexibilityandvettedtaxplanningthatmakesthisplansodifferentfromothers.Youarein
controlandbecauseyouare,youcanqualifyforactivetaxadvantagesnotavailableinotherplans.
Joinourwebinarforcompleteinformation:
http://www.atlantic-cruising.com/eric-smith-landing/eric-smith-landingeric-smith-news/
This is the only sign we want to see from you about your success!
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Q&A—INANUTSHELL…
Q.CanIputadifferentbrandboatintheprogram?A.No.We
don’tmakemoneywiththeprogram.Weoffertheprogramasa
servicetoourcustomersbuyingourbrandofboats.Besides,our
managementcompaniesknowandunderstandourboatsso
incomeishigher(PeoplecometouslookingforFountainePajot
andJeanneaumodels)andserviceexpensesarelessbecauseour
managementcompaniesknowtheseboatsandhavefullsupport
services.Also,bytheway,webelieveourbrandsofferthebest
Ofcoursenotyouorme!Noquestionisdumb,
valueintheindustry.
andbetteransweredthannot!
Q.CanIputausedboatintheprogram?A.No.Ourmanagement
companieswillnotacceptusedboats.Somesecondtiercompanieswill,butthatdoesn’tworkoutwell.Some
taxadvantagesnotavailabletousedboats.Nowarranty.Ausedboatpurchasedwithouttheprogramcosts
waymorethananewboatintheprogram—I’llbehappytoshowyou.Talktome…
Q.CanIputaboatinadifferentlocationthanoneofyourbases?A.Yes.Butyoumaynothaveourfull
support—wecan’tbeeverywhereandveteveryone.
Q.HowlongcanIstayintheprogram?A.Wedon’timposelimits,buttalktome.Therearesomepractical
andtaxconsiderations.
Q.Whataboutmaintenance?HowdoIknowmyboatwon’tgetbeatup?A.Boatsinmassmarket,charter
companyprogramshaveareputationofgettingbeatup—foraverygoodreason.Theydogetbeatup.The
reason?Inachartercompanyprogramyougetaguarantee.Aguaranteethatyourboatisgoingtobebeatup
andsufferatresale.Why?Becausetheykeepalltheincome,theychartertheboatasmuchaspossible—to
getthatlevelofchartering,theymustchartertolessqualifiedpeople.Theyalsopayforthemaintenance,so
doaslittleaspossible.IntheBYOprogramallincomeissharedinaprofitsharingbusiness.Youpayyourown
expenses,sonodisincentivetodomaintenancebythemanagementcompany.Youdon’tneedtocharter
nearlysomuchtobreakevenbecauseyouqualifyfortheactivetaxadvantages—theydon’t.Simple.Beatup
boatswithchartercompanylayouts(lotsofcabinsandheads)alsosufferatresale.Soyougetfewercharters…
That’sgoodactually.Youdon’twantsomany.Onlythebestofthebest.Ourprogramisallaboutyouand
havinganiceboatattheend.
Q.What’stherelationshipofACYwiththeseaffiliatebases?A.WeonlyownthebaseinAnnapolis.Therest,
wehaveworkedwithforyearsandvettedthem.Theyhaveagreedtomodifytheiragreementswithour
clientstoinsurethereisnoconflictwithIRSrequirements.Theycooperatewithus.Provideincomeand
expenseverification.Theyworkwithyou,ourSalesAssociatesofferingthebenefitsofourSalesAssociate
program,whichincludesqualifyingforactivebusinessstatus.Seeourwebinar.
Q.CanItalktootherowners?A.Yesbut…Ourownerswereoverwhelmedwithcuriouspeople.Sowemade
anagreementwiththemthatwewouldonlygiveaccesstothemtopeoplewhoputuparefundable,
reservationdeposit.Nowthenumberismanageable.
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Q.What’smyliability—howdoesinsurancework?A.thatisallarrangedbyACYincoordinationwiththebase
whereyourboatislocated.Ingeneralyou’recovered200%withMilliondollar,ratherthanthetypical
$200,000liabilitycoverage.Thechartererpaysadamagedepositequaltothedeductiblesoyouarealways,
essentially,covered.TheJonesactforaboatinbareboatcharter(Yours),whichistoocomplicatedtodiscuss
here,alsoprovidesthatyourmaximumliabilityisthevalueofyourboat—thismaybethesafestbusinessyou
couldpossiblybein.
Q.Whathappensifthere’sahurricane.A.Asmentioned,you’recoveredbyinsurance,buteachbasehasa
substantialhurricaneplanwhichtheywillsharewithyou.Noneofthebaseshashadanymajorlossesinallof
theiryearsofoperation.
Q.DoesthisboatbusinessactivityincreasemychanceofauditbytheIRS?A.No.Ofallthebusinessesyoucan
have,whenyousetitupproperlyasapartnershipLLCanddonotdoaSchedule“C”filing,thisistheleast
auditedentitythatyoucouldbeassociatedwith—yourchanceofauditforthisentityislessthan½of1%!
Q.CanIgettheincomeguaranteedwithyourprogram?A.Notgenerally.Ifyouhaveaguaranteeofanykind
evenapartialone,theprogramisconsideredaleaseandyoudon’tqualifyfortheactivetaxadvantages—the
bigones.Therefore,yourboatwouldneedtobecharteredmuchmoretoaccomplishyourgoal—nota
scenariothatourclients—you—arelookingfor.
Q.Whataretheactivetaxadvantages?A.IfyouqualifyfortheactivetaxadvantageswithourSalesAssociate
program,youcanwriteoffyourexpenses,includingdepreciation,againstyourordinaryincome(1040,
bonuses,commissions,etc.)againstyourcharterandsalesassociateincome(thisincomebecomestaxfreein
effect)andthentheleftoverdeductionscanbeappliedtoreduceyourothertaxableincomeandgenerate
realtaxsavings.Don’tbeconfused.Form946fromIRSisveryconfusingandmakesitsoundlikeyouhaveto
haveincomefromthisbusinesstowriteoffexpenses—(oftencomesupwithlateyearacquisition)butthatis
notthecase.Whatisbeingsaidisthatyouhavetohaveincometowriteoffagainst!Inotherwordsif,for
instance,youhada$650,000boatandwantedtotakethefull$500,000179taxdeductionintheyearyou
titledyourboat,butyouhadnoboatincome,and$300,000inotherincome—youcouldonlytake$300,000
thatyear,buttherestcanbecarriedforward.
Q.HowdoIqualifyfortheactivetaxadvantages?A.YoutypicallysetupaLLCpartnershipandfileaK1
partnershipreturn.Mostoftenwedothatfor/withyouinconjunctionwithsettingupyourmarineloan.
(Differentbankshavedifferentrequirementssothishastobecoordinated—andwedothatonyourbehalf.
Therearecertainguidelinesthatinsurethatyouqualifyfortheactivetaxadvantagesandsomeofthoselike
the“HobbyLossRules”thatcanbesimplyovercomebyapplyingthe“safeharbor”guidelines.Youdothisby
becomingaSalesAssociateinourprogramandactivelyparticipatinginyournewbusinessbyspending500
hoursintheactivityor,100hoursandinsuringthatthisismorethananyothersingleindividual.It’seasy,andI
showyouhowtoaccomplishthisinthewebinar.
Q.IfmyspouseismypartnerintheLLC,doweeachhavetospend100,or500hours?A.No.thehoursare
combined.Eachofyourparticipationaddstothetotal.Ifyou’retakingsomeoneoutona“demonstration”,
andyoueachspend8hourstogetherontheboat,that’s16hourstowardsthetotal.Anovernighttripis
interesting.Normally,youwouldonlycounttheactualdemotime,typicallyupto8hoursaday—but,ifyou
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overnighttodemonstratethecomfortadvantagesofyourcruisingboat,youcan’tgetoffatnightandleavean
inexperiencedcouplebythemselvesatanchor—sothefull24hours,orallofthetimecounts.Sameifyou’re
deliveringtheboatfromonelocationtoanother—“FollowingtheSun”—allofthetravel,includingovernight
traveltime—counts.
Q.Cansomeofthetaxadvantagesbecarriedforward,orback?A.Yes.RE:Thefistyear’sspecialtax
advantages.Ifthe179exceedsyourincome,theremaindercanbecarriedforward.Likewise,theBonus
depreciationcanbecarriedbackupto3years.Consultyourtaxadviserformoreonthis.
Q.DoesmyboathavetobeinU.S.Watersinordertoqualifyforthe179taxdeduction?A.AllofourU.S.
basesqualify,includingtheoneintheVirginIslands,St.Thomas.AboatthatfollowstheSun,andspendshalf
ofit’stime,thefirstyearoroverit’slifeinbusiness—qualifies.Talktous.
Q.CanIhavealosseveryyearandstilltakedepreciation?A.Yes.Googlehadlossesfor12years.Aslongas
youfollowsoundaccountingpracticesandourguidelines,especiallytherulesrelatingtomeetingthesafe
harbortestofregularandcontinuousactiveparticipationfor500hours,or100hoursthatismorethanany
otherindividualspends,youshouldbefine.Thisiscoveredinsomedetailinourwebinarandfollowup
information.
Q.Whataboutrecapture?A.Wehaveincorporatedastrategyforpossiblerecaptureinourpresentation,and
businessplan.Iexplainthisinthewebinarandfollowupwhitepapers.Welookatthe3possibleexit
strategiesandplanaccordinglywhenwecreateyourplan.Forinstanceifyouselltheboatformorethanthe
salvagevalue(theoriginalcostlesstotaldepreciation—thisisalikelyscenario)youwillhaverecaptureforthe
difference.)
1. Ifyouknowthat“resale”isyourexitstrategy,youcaneithertakelessdepreciation,oroptimize
depreciationandbanktherealsavingsinaninvestmentaccountsoyouhavethefundsavailableat
resale.Ineffect,you’vehadaninterestfreeloanfromthegovernmentforyourinvestmentaccount,
whilekeepingasubstantialamountofthedepreciationtosubsidizeyourboatingcosts.And,thisisthe
worstcasescenario!
2. Ontheotherhand,ifyourollthefirstboatoverforasecond,orconvertittopersonaluseyoumay
totallyeliminateanytaxrecapturebyfollowingourguidelinesandunderstandinghowtousemass
chartercompanypracticestosubstantiateyourcase.I’llshowyouexactlyhowthisworksinour
webinar.
Q.HowdoIknowthatIRSwon’trevoketheprogram?A.Thisquestioncomesupbecauseforthelast10years,
ithadtoberenewedeveryyear.However,inDec.of2015itwasmadepermanent.Itaffectsvirtuallyevery
businessinAmericaandsoit’svirtuallyimpossibletoimaginethatitwouldeverbechanged—overtheselast
10yearsitonlyimprovedinordertoboosttheeconomyandjobgrowthonaNationalbasis.
Q.Taxadvantages…A.Stop.Talktomeorourtaxadviser.Letmeshowyouinagotomeeting.Enoughfor
here.
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Q.Sowhat’sthenextstepifIwanttomoveforward?A.Talktomeabouttheboatandyour
situation.Filloutafinanceapplication.Reserveahullwitha$10,000refundabledeposit
whilewe’reworkingoutthedetails,andwewon’tloseyourplaceinthequeuewhilewe’re
doingourduediligence.Youhavenothingtolose.Intheworsecase,itwillcostyouthe
intereston$10,000for2weekswhileweworkeverythingout—that’sabout$41.67,ifyou’re
earning10%onyourinvestments.Talktome…Jumpin,thewater’sfine…4107035655.
Ifyouhaven’tdoneawebinaryet—goto:http://www.atlantic-cruising.com/eric-smith-landing/eric-smithlandingeric-smith-news/ 9
Wearenottaxadvisers.Youshould
consultwithyourowntaxadviserto
verifyanyfactsyoudesirevalidated.If
youdon’thaveataxadviser,wecan
recommendonefamiliarwiththistypeof
business.