10-07-2007, 02:27 PM
|
|
Junior Member
|
|
Join Date: Oct 2007
Posts: 14
|
|
Quote:
Originally Posted by re-foundingmother
Why should a person like me have to put up with threats and harassment and unpaid collection invoices because I spent several months thinking I could and should educate these pigs to sing when I hadn't surmized "lousy manager" from the get go?
|
Who threatened and harassed you? Are you saying that when you demanded your money you were threatened?
Quote:
|
18 months ago, MDH didn't have the pig suit on again yet, they were not prosecuted last time around
|
That was the Maryland AG's fault and I don't get why they didn't prosecute. If the AG doesn't go for them this time, we need to make a lot of noise about it in Annapolis. I don't think it would be hard to make an election issue of this.
Quote:
|
and I checked out Real Estate businesses for info about them, not Bankcard Group that was shut down. That still makes it my fault and my responsibility and I need to learn lesson here. I am not being disrespectful of my choices and denying my vulnerability or suggesting that I have to know all things about everyone to do business.
|
I know that when a business asks for credit, they check out each officer of the company personally. So no one will loan MDH money because Andy has a record. Unfortunately most of us are not that thorough in our investigations of companies. So technically this is laying at your doorstep. But I am sure you are not alone.
Quote:
|
I forgot in last post to mention the IRS. Who gets credit for the mortgage interest paid on buyers house that they are having mortgage paid by someone else? And if you loan money to company, then receive paycheck out of that pile of money because you are actually employed and investing and maybe your FICA is being paid for a while, you ultimately pay your own income tax on the money you loaned?? What??
|
This one I think I can answer, although I am not a tax attorney. MDH is paying the mortgage. It does not matter if the money went directly to the mortgage company or not, the mortgage payment is *the investor's* deduction. But the investor also has to claim the money MDH paid as income since it is a return on an investment! However, the investor only has to pay tax on the interest portion of the payment from MDH to the investor. I don't know how to determine how much of their payment to the investor is interest as it is not an interest based instrument. Since most investors did not get full payment even of the original investment, it might be possible to consider it all as principal repayment. Then none of it would be taxable.
|