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Lund Explorer

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Everything posted by Lund Explorer

  1. You hit the nail on the head there! I can't count the number times I've turned the boat where both of us could fish the same water only to have the guy in the back trying to take over the whole side.
  2. The Detroit Lions over Buffalo with a last second field goal! Nobody said it had to be a GOOD guess.
  3. Morale support you'll get by the boat load Eric. If you are lucky enough to hit the big time circuits, I'm sure that you will have all the other support you need in your venture. Get some practice on the sales part of the sponsor game by seeing if your Dad will let you bid a few of those home improvement projects. It's refreshing to see someone posting in this section who isn't asking for tons of freebies!
  4. You can actually use Schedule C to report income and expenses from a hobby operation by simply answering "No" in the box next to the material participation question. In my past experience, I would suggest following this course if the angler was fishing in one of these "One Big Bass - One Big Paycheck" tournament every year. By fully expensing all of your costs each year, you are allowed to carry those losses forward to future years. One of those just might end up being the year the hawg decides bite and put you into another tax bracket! I have also had luck avoiding the SE tax in the rare event that a year ends up with a positive number, but only after a history of showing hobby losses in prior years.
  5. The person in the front of the boat only has as much advantage over the backseater as they want to have. Unless you can talk the boat owner into running backwards all day, the only way to have the advantage comes from owning your own boat. Sad but true!
  6. I wonder if anyone of the big bad swimbait crowd can explain the results the Big-O gets from those "Barney Baits" he designs?
  7. Sometimes it is. A family I have known for many years had a situation that falls into the category of the absentee father that I would like to tell you about. A young couple divorced after five years of a marriage that had created three children. After the divorce, and even though the two parents lived within 30 miles of each other, the father broke off all contact with his children. Never paid a penny in child support until taken to court, never bought any of his children a birthday or Christmas present. Not even a single phone call. This completely self-absorbed man walked around town like he never even knew these children existed. Twelve years later, when the mother was having serious issues with the oldest son, she contacted the father in a last desperate hope that he would help the boy. A little over one year later, she came home to find that this young man had hung himself. His name was William. He couldn't cope with the fact that the man who helped bring him into this world, could abandon him so completely. No amount of love and attention given to this child from others could heal the pain he felt. Even though his name is so close to a certain comedian that took his live too, this young man didn't garner all of the same remorse he did. Even though in my mind, he should have. So yeah, it can be too late. In my honest opinion, it becomes too late the minute a parent decides that their life is more important than the ones they created, no matter how long that decision lasts. The truth is that there are children who are abandoned in homes where both parents still live. I will agree that absentee parents should make the effort to get back in their children's lives, but I think the more important lesson is that these so called adults should make the choice to put their kids first long before they unzip!
  8. The following is strictly the opinion of a retired accountant and tax preparer and should not be considered legal advice. Others may have a different opinion based on their interpretation of the IRS's current regulations. Any opinion not based directly on those regulations should be considered meaningless unless the person offering the advice agrees to cover any penalties that advice may generate! Any income a person receives as a result of their bass tournament activities is considered taxable by the IRS. This can include cash or merchandise won in tournaments, received from sponsors, paid for endorsements, or any other related activity. Done correctly, the individual will receive a Form 1099-Misc. from all organizations who pay $600 or more to that person. Prize money should be reported in Box #3 of that form, and other income may be reported in Box #7. Regardless if the money earned is reported on such a form or not, ALL INCOME should be reported on the Form 1040, Schedule C. Any expenses directly incurred in the activity is then reported in the expense section of the schedule. This can include entry fees, travel costs, expense tied to the operation of then angler's boat, expenses for lures and tackle. Insurance cost for the boat and liability are usually deductible. A person who is actively engaged in the venture may also deduct self-employed health insurance costs. Depreciation of assets having a life of more than one year, such as the cost of the boat, rods and reels, and electronics, can also be written off based on their useful life. Depending on the amount of income, certain assets may be expensed in the year of purchase based on IRC Section 179. The sale or disposition of these assets is reported as a sale of business property and should be reported on Schedule D of the same tax return. Upon completion of the Schedule C, any net income is taxed based upon whether the individual is actively or passively engaged in the operation of the business. Those persons who are actively engaged will pay both income tax and self-employment (social security) taxes on that income. Those persons who are performing the activity passively (aka a hobby) should not be taxed for self-employment purposes. An individual who is subject to SE taxes may also deduct losses from the activity against other income if the taxpayer is fully liable for those losses. Losses from the conduct of a hobby generally are not deductible. Any income or losses may or may not be subject to state or other taxes as well. It is my opinion that anyone who has won $70,000 in any kind of tournament should immediately contact a professional tax preparer for advice on their specific circumstances. DO NOT wait until after the tax year has ended! As a matter of fact, it would be my suggestion that anyone who is fishing in tournaments should spend the time to learn what their responsibilities are for reporting their income and expenses.
  9. I seldom if ever use live bait for bass. I use it all the time to other species like walleye, yellow perch, bluegill, and when pier fishing for trout/salmon. Uncle Homer had some really great ideas, but I needed to tweak this one. With so many assorted panfish in our lakes, I've found that suspending a small soft plastic offering behind the boat works a lot better than hanging live bait back there. A slip bobber rig with a 4" worm, 3" tube, or 3" grub works better than a live crawler.
  10. If the basis for "rock-n-roll" was the inability to understand the words, then Opera would have to be included!
  11. Agreed! The only thing left to do is to go home a hug his DAD!
  12. Lund Explorer replied to Sam's topic in Gun Forum
    Yup! Nothing drives a market like irrational fear, which makes the saying that "Those that keep their heads when everyone else is losing theirs" quite relevant in this case. If you read enough gun forums, you'll find all kinds of people who are bragging about the 10's of thousands of rounds they have hoarded away.
  13. Sounds like a classic case of "Can't See the Sarcasm Font" on the old lady's face.
  14. The only advice I can give you on using these things has nothing to do with the brand, but more to do with disrupting the normal passage of deer in the area. Our middle son bought one last year and bombarded me with pictures on the deer showing up on it. I don't ever think he figured out what he was really seeing on those pictures. The first few included a nice buck taken during daylight. Within a couple of weeks, all the pictures were of does and small spikes moving by at night. By the time opening day got there, he never saw squat. Too many trips into the place to retrieve pictures had spooked the deer. My Advice - Limit your trips to retrieve that chip!
  15. It's impossible to limit it to just one, so like others I'll list a few. Twelve O'clock High Key Largo The Searchers Moby Dick It's A Wonderful Life Way more would fall into a full favorites list, including a few more recent films.
  16. Sad. We have a member here (00Mod) who has real life track experience, who takes the time to make a very detailed explanation, and the result is a bunch of petty sniping. Makes me think that the next time someone asks a question about accounting or income taxes, the best course of action would be to look for the answer from Raider's Chinese cook! Great Post Jeff - It wasn't a complete waste of time because I was hoping from the start that you'd chime in. Edit - I should also mention that Sam sent me a PM mentioning the change of the thread's title. I think it is important for Sam and everyone else to know that I didn't have an issue with Sam. The title was based on exactly what the linked story used. No Harm - No Foul
  17. You're a better man than me. Let's hope he gives credit where its due if he pulls out a limit of hawgs today!
  18. It looks like the kind of veggies that hold bass, and from your description, the bait you're using works in it. If anything, you just need to figure out a way to drag those puppies out of the slop once you have them hooked!
  19. Deaknh said it almost perfectly, you've got a couple of great children that should be the joy of your life. You need to embrace all those things that are going so good in your life and not stress out about the day to day bull. Put those priorities in order the way they are meant to be: God, family, friends, and then work. When you concentrate on all of the really important things the rest will fall into place. As hard as this might be to believe, there's plenty of us who look upon your life as being a whole lot better than what we're going through. BTW, we've all heard about men suffering though sympathetic labor pains. Thanks for giving me the chance to do a Google search for male pattern postpartum depression!
  20. After reading the article and then seeing the actual video of the supposed "killing", it becomes apparent that the headlines should read: Driver gets mad, dies when he charges in front of traffic!
  21. I look at the question in a slightly different way, and wouldn't use the exact same words. Here's the way I approach the question. Hunger - To me this means that the bass are in an Active Mood and are Feeding. Quite often, I'm going to get either a visual clue such as shad busting or perhaps seeing pads moving from quite a ways off as the fish approaches my offering. I might also be catching these fish using moving baits such as crankbaits or spinnerbaits. It could also be based on location, such as on the outside of a weedline regardless of what I'm throwing. Feeding fish have a much larger strike window than those fish who are Reaction fish. Reaction - This is what I learned from In-Fisherman to call Neutral fish. They are not actively feeding, but will eat a bait that falls into their smaller strike window. These bass may be fish that have already eaten recently during an active feeding period. They could also be bass that are hunkered down after the passage of a cold front waiting for conditions to improve. These fish could very well be located in the same area of the actively hungry fish, but just aren't as aggressive. Often times, I've found these post cold front fish to be hanging inside weed lines, and will only eat something that lands right in front of them and sits there begging to be eaten. In other words, throw those fast moving baits that cover a lot of water for active feeding fish that are hungry, and then slow down to pick off those fish that will react to an easy meal.
  22. It's got to be an awfully hard life to feel so bitter about what other people have, but I'll wish you all the luck in the world that you make it to that point. And if you ever get that new wife, remember that without a picture, it never happened!
  23. Ready for fall? Imagine how many can't wait until next spring and the spawn! Personally, the older I've gotten the faster time seems to slip by on its own. No need to wish away a day, a week, or a season.
  24. I fully admit that I've bounced my share of worm weights into the back end of a pontoon. It wasn't intended that way, but if a dock/boat owner had ever held me accountable for it, I would have agreed that I was wrong. However, I also never got into an argument with a dock owner if they told me they didn't want me to skip under their dock. We'd simply move along. Like a good recovering alcoholic, I'm now many years past the last time I felt the urge to push a worm into a place I didn't think it fit. It's also been the same length of time since a topless gal jumped up in surprise from the backend bench of one of those pontoons when a worm weight missed its target (partner Mike's cast not mine).

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