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Painter1

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Painter1 last won the day on December 2 2014

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About Painter1

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    Missouri

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  1. I would love to know how you made the mixer. I haven’t had luck with anything I’ve found on the market
  2. Do you have a shooting star for sale

     

  3. I am needing about 8,000 of these hooks in size 1/0. Only place I found them is Barlows. I enjoy dealing with them but thought I would ask if anyone knows another source. I would probably be willing to buy 10k if price is right. Thank you
  4. I did talk to an ex- IRS agent, now in privatepractice, today and I’m good. She took a lot of information, and came back with the news I hoped for and reinforced my understanding. FET is being paid by the company making the jigs in Arkansas based on the price they charge me. If I bought parts, assembled and or fabricated the product FET would be due based on actual “arms-length” price, but someone else is doing that and it does not require a regular filing on my part. If i did that and sold them to the end user I would also owe Sales or Use Tax to either the state it is sold in or the state shipped to. But I sell only wholesale so only need deal with income taxes, Fed & State. i’m paying to have that put in writing.
  5. This from the IRS Guide Who is Liable for the Federal Excise Tax (FET)? IRC 4161 imposes an excise tax on the sale of sport fishing equipment, bows, archery equipment and arrow shafts (exception for certain wooden arrows designed for children effective October 4, 2008). This tax is imposed on the manufacturers (a term which includes producers and importers) of these products. In order to determine the proper taxpayer we must understand how the code defines these terms. Manufacturer:
  6. FET related question. I outsource 100% of the manufacturing and packaging of my jigs to a reputable firm that charges me 10%. FET and it is his firm’s responsibility to pay that tax quarterly. I sell wholesale only. No web sales, no retail sales. Strictly to brick & mortar tackle shops. I am confident, based on reading the IRS guidelines that I don’t owe any FET, as it is clearly due on the first sale of the item - manufacturer to wholesaler, and must be paid by that seller. Q: Do I need proof of FET payment from vendor? Is a return required of me that shows that proof?
  7. I’m scratching my head on how unused abrasive media would scratch less than used/recycled. Using it new for abrasive blasting knocks the sharp edges off. On the other hand I haven’t used this media for any reason except abrasive blasting, and it certainly has no cutting power after 1 use.
  8. Thanks, guys. I ordered some from Del. Fingers crossed that they show up soon
  9. I’m looking for a mold that resembles a Yamamoto 3.5” Kut Tail Worm. Yamamoto doesn’t carry them in colors I prefer.
  10. I had a store owner the other day carrying on about how he really liked the “Guntersville Special” skirt color on a jig. Would any of you gentlemen know what color strands make up that skirt?
  11. It’s a heavy head but I would think about something with a much longer shank hook. For instance, Jenkins makes a swimbait head in 1/4 ounce with a 9/0 hook. The shaft of the hook is very long. I don’t know that you could get a similar hook for that mold. I had a guy make me a custom Magnum Shakey Head mold for use with 12”-14” worms on Lake Falcon. It is heavy and utilizes a big hook.
  12. I have the mold and poured a few. They pour well, but I just don’t use them much.
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