- quote -

Thanks for all the time you spent and the help you provided.
Continued Holiday Wishes and a Happy and Healthy New Year.

Steve

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awi123 wrote:

- quote -

You don't have to officially notify "them" you're keeping
the inventory. Also no need to mark a schedule C "final".
Also no formality about surrendering the EIN. You never did
use it for payroll taxes from what you say so they won't
notice the difference. "Old EIN's never die, they just
fade away." (Hmm, I like that.)

I've probably finished buying stamps for this calendar year,
and wife is not giving me Scott # 1, so maybe with my huge
tax season profits next April I will splurge for it. I am
however not sold on buying stamps from EBay. Just had an
email from Ebay.com today, saying "as a service to you",
they wanted to update my profile. The url looked real
enough, but I've heard otherwise. Besides, I've never used
Ebay. just browsed.

Tis the season to be jolly,
Christmas Cheer$,
Harlan Lunsford, EA n LA

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Harlan Lunsford <hlunsfordns[at]bellsouth.net> wrote:
- quote -

I found 2 of these stamps on EBay... I got mixed up.. was
thinking nickles... my mistake. Anyway, one was 100.00
bucks, and the other 1000.00... I guess these are not to
easy to come by and depending on the condition....well you
get the idea - Cheers!

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Harlan Lunsford <hlunsfordns[at]bellsouth.net> wrote:
- quote -

1. Thanks for the replies, it is all commming together now.

2.last questions.... Maybe..the inventory on page you speak
of is the confusing part. How do I indicate I am keeping
it?. I had a starting inventory, bought a minimal anount of
stuff (cost of goods). Oh, and do you stamp the return
(sched C) as "FINAL", and how do you surrender your EIN?

3. Buy the Nickle - check out Ebay, I might even do it.
Worst is you'll see FMV. Condition.. is the condition of the
coin important to you?.. that's a big deal. Are there any
coin shows in the area? (always a good place for bargains).
I say buy it already because these are becomming collctible
again, and you might just watch the thing go up and up as
you wait, Buy it and your done, you have it. - thanks !!

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awi123 wrote:
- quote -

If you're OB (out of business) as of Dec 31, 2003, your
last schedule C will be for this year. Don't forget ending
inventory on page 2. And simply don't file another one next
year for 2004.

- quote -

Was referring to the 1847 5 cent FRanklin that IF I buy it
from Minnesota, will cost me 195$. But I probably wont.
Maybe my wife will give me that one for Christmas.

Christmas Cheer$,
Harlan Lunsford, EA and philatelist in LA
I hope I spelled it right.

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Harlan Lunsford <hlunsfordns[at]bellsouth.net> wrote:
- quote -

How do I fill out my LAST schedule "C"? for the FEDS? I
called NY taxation dept. they told me to download an old
annual form, and change the dates to reflect 2004 since the
forms are not ready, then check off the "final return" box
and include my tax certificate with my final payment.

THANKS! - I don't have any good coins or else I would not be
keeping the inventory..

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awi123 wrote:

- quote -

That's about the size of it. Sound too simple to be true,
eh? As for how to turn in a NY state sales tax #, contact
the local state sales tax office or maybe hit their web
site.

For a business with employees it's usually more complicated,
so thank your lucky stars.

BTW, do you have an extra US Scott # 1 at a good price?

Philatelic Cheer$,
Harlan Lunsford, EA n LA

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I have a small side stamp/coin business for around 10 yrs. I
would like to close it. I.E. go out of business and be done
with it. I have been filing Schedule "C" for the time I have
participated in this business. I have around 5,000.00 in
inventory that I would be keeping for myself. This is my
cost for the inventory. I would appreciate any advise on how
to go about this. Do I just not file Sched "C" anymore? and
send back my NYS sales tax certificate with my final sales
tax return?. The Business is in NY state and I have a NYS
sales tax license. Thanks in advance - Steve

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