I was just lamenting the fact that fly prices are out of control, and I was just trying to be funny, at least it sounded funny to me, I guess my humor was lost on a couple of you guys. I know this is a habit that cost money and I am so glad I tie my own flies 'cause at 3 bucks a pop I could never afford to keep the habit going the way I do. In some rivers I could lose that whole box of flies in a weekend. Besides, this board is a place where most of the stuff goes at a deal not full-pop retail. Obviously you sold them right away so somebody is willing to pay the $$ so they must be worth it. They are obviously great flies and as I have used similar flies for years -espcecially the rubber legs - clearly somebody is going to catch a lot of fish with them.
OK now on the topic of the "shop" thing, since you mentioned that word it got me thinking this part of the board isn't supposed to be a shop, it's a classified ad for used equipment. OK so you're a college kid with ties to the webmaster and the washington FF community so everybody is willing to cut you some slack and that is totally cool, I'm willing to cut you slack just as much as the next guy. But I do have some advice for you which you can take or leave. What you may not have realized is that you have crossed a line here...selling goods that you produced for a profit is a different ballgame than selling used gear. You can either to do it legit, with a business license, tax id#, the works, or you can fly "under the radar". Going legit could save you a lot of trouble in the long run, it's crazy how the IRS will go after the "little guy" if they get a sniff of what is going on. I've seen it happen to a good friend of mine who had a small cabinent making business and it was not pretty - the garnished his wages for 10 years even though he was only making $50k a year for a few years on his business. The chances are very small it will happen to you but...... especially if you are thinking of doing the FF shop thing long term at least look into going legit. If you are already doing this my apologies I really am just trying to help.
Now I don't pretend to know anything about this, but if someone were to for whatever reason fly "under the radar" with any kind of buisiness, they might want to do it in a way that isn't documented, like on a public website where sales transactions could be monitored or documented.
This is easily the best thread that's ever been in the Classifieds.
Zen, you've got kahunas man, and the fishing acumen to back it. I say go for it little bro, and if you need legal counsel to get you off the hook I'm your man, and will charge the most nominal of retainers of one 12 wt Nautilas reel with extra spool, which I would gladly lend back to you when you go to the tropics or chasing tuna. Such a deal for you Andy. Welcome to the world of overhead! :beer2:
Hey Andy I was just trying to help, like I said take the advice or leave it. If you think it's a good idea to sell stuff on a website where everybody can see it then hey more power to you. Just keep it small scale or I guarantee you it will come back to get you some time:
I'm gonna give you bad ju-ju if you snitch on me! If I make over 500 a year doing this then I will consider getting documentation or whatever, but I beleive its legal if you keep it under a certain amout...600 the last time I checked which was a while back...
Hey man I would never snitch on you. Believe me I am in your camp, I just wanted you to think things over before you get yourself in trouble. There are some real wack jobs out there and they look for stuff like this. Just be careful, that's all, the information is out there to know what you have to do for your own business. Seriously good luck to you, I mean it. You are obviously very talented at what you do and you are going to go a long way in your career. And you tie some awesome flies. Thanks for listening. And sorry for starting all this seriously it just started off as a well-meaning joke that's all.
I think your safe from the IRS Zen. If you are not I have a great CPA. BTW I think it's not in good taste to mention someone needs to be careful regarding paying taxes, especially if the person is TYING FLIES....... It's just so god damn funny:rofl: ....... I'm dying over here!:rofl: :rofl: :rofl: :rofl: :rofl:
Tax evasion is a serious crime, no doubt. but tying flies........:rofl: $200.00
:rofl: :rofl: :rofl: :rofl: :rofl: I hope you get the problem of having to be concerned about paying them, because then you are really making money.
Also, kudos to the guy who mentioned you heading over seas to make millions. Not to mention all the tang!!
I guess I must qualify myself, I have been in my office doing taxes since about a week before Christmas, I have missed an opportunity to go to California and share Christmas with my family, I have two desks filled with....you have no idea....tax tax taxes.....So to say that you may get stung, has to be one of the funniest things I have heard in a month.
Zen, I am headed to Kona, HI. next month and wandering if you can tie some flies specific for the area?
I can email you a list if you like?????
Bad taste or not, income is income. It happened to my friend under the same circumstances - just building some cabinents to help pay for college on the side. Soembody got pissed off at him on a deal turned bad, knew he was doing the work under the table, and narked him out to the IRS, next thing you know his life is miserable. $200 a week selling flies seems innocuous but that is $10k a year which given Zen's rep and tying skills could easily turn into $20 or $30k in a year or two. Anybody who doesn't think the IRS would be interested in that is kidding themselves. I'm just trying to help Zen out with a life-lesson that's all.