bryanmc

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bryanmc last won the day on September 30

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About bryanmc

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    Texas

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  1. bryanmc

    Selling soft baits to friends

    Found this on this site of all places.... "Here is the tax code document regarding constructive sales price determination: https://www.gpo.gov/fdsys/pkg/CFR-2006-title26-vol16/pdf/CFR-2006-title26-vol16-sec48-4216b-2.pdf It has a modification at IRS Rev Ruling 81-226 to indicate that 60% is what to use when not regularly selling at wholesale. “Revenue Ruling 81-226, 1981-2 C.B. 213, modifying Revenue Ruling 80-273, 1980-2 C.B. 350, provides that the constructive sale price for computing the manufacturers excise tax imposed by § 4161(a), when the articles are sold at retail by manufacturers who do not sell like articles to wholesale distributors, is 60 percent of the actual selling price.”"
  2. bryanmc

    Selling soft baits to friends

    I was referring to the hobbyist without a bs business name. Your statement that "FTR, even free, promotional or self use baits, are subject to fet tax." implied that even if you didn't sell anything and made baits solely for yourself you owed FET. We're pretty much on the same page.
  3. bryanmc

    Selling soft baits to friends

    Using your example (and the definition of a fish stringer), someone who hangs a trout on a stick with a nub at the bottom has manufactured a stringer and whether he sells it or gives it away he owes FET. My understanding of what you were saying is if you manufacture baits for sale you owe FET. If you manufacture baits for sale and give some away as a promotional item, you owe FET. If you never sell anything, there's no FET, but then I'm not an expert... Fish stringers Any device designed or sold for attaching fish through the opercular opening and mouth. Rev. Rul. 88-52
  4. bryanmc

    Selling soft baits to friends

    Isn't FET based on constructive price which is 60% of retail? If you don't sell ANY baits, there is no constructive price to base the FET on. Now, if you do sell some that would be a different case.
  5. bryanmc

    One Up Shad

    The word "senko" copyrighted, but the bait is not patented. You can make an exact copy of the bait, but you can't call it a senko. Not sure about the status of the one up shad, check a legit pack for patent or copyright info.
  6. bryanmc

    Best RTV Silicone?

    Go to Hobby Lobby and buy the Alumilite Quick Set. You can get a 40% off coupon on their website that will knock the price down to around $18 or so.
  7. bryanmc

    ISO plastic pots with lever

    There are (were?) two sizes of Lee plastic pots same as the lead pots. I have three of the small ones and one of the big ones.
  8. bryanmc

    Robo prism shad recipe

    Yup... blue hilite
  9. bryanmc

    Glue Issues

    Is the Pro Soft Bait Glue the same formula as Mend It? I've never used it but I've never found any plastic that Mend It wouldn't glue. Disclaimer: I don't think I've ever tried it on salt water plastic.
  10. bryanmc

    New Guy Here. Advice on which vise to buy

    I bought an Apex on ebay a while ago and have been very happy with it. I tie the same hook sizes as fishboy.
  11. bryanmc

    Glass ruined injector

    Ebay. You just need to find out what size that you need. If you PM me your address, I'll send you one of the ones that fit my BassTackle injector (along with the size info) to try. Failing that you could always ask Do-it what size the o ring is. If there is a hydraulic shop anywhere near you they could probably help you put as well with size info.
  12. bryanmc

    giant red glitter?

    My bad, I didn't check that close. Call them and see if they will be getting any in.
  13. bryanmc

    giant red glitter?

    https://www.pouryourownworms.com/Extra-Large-125-Hex_c29.htm
  14. bryanmc

    Robo prism shad recipe

    This is what robo says it is in their color description sheet... Clear Green Neon w/Black Flake / Purple Neon / Blue Pearl Neon
  15. bryanmc

    Bobs tackle

    No, none of them are there. He's looking for the open pour, hook slot mold like Jeff Pihl pours.