Is The Mac/Stevie mentioned in Bill's book?

[amber]

Originally Posted by dissention

"...I told her we couldn't, that Hillary was in the next room, but she put soft Jasmine-scented finger to my lips delicately and told me to quiet. Her golden hair billowed past her shoulders and her black skirt blew off to the side as a gust of warm air filled the room. I was mesmerized. Then she turned around slowly...undoing the laces...saying she had met her match..."

[estranged4life]

Originally Posted by Merf

Brian, you crack me up!!!

to humor myself is all (I've been in a bit of pain today).

What isnt funny was the pamphlet on Klonopin (Which caught my eye because of the above mentioned Ms.Nicks) I picked up in the lobby of the clinic today (Deb had to go due her checkup today), That is some seriously messed up s--t.

[amber]

Originally Posted by estranged4life

to humor myself is all (I've been in a bit of pain today).

What isnt funny was the pamphlet on Klonopin (Which caught my eye because of the above mentioned Ms.Nicks) I picked up in the lobby of the clinic today (Deb had to go due her checkup today), That is some seriously messed up s--t.

Is that how the pamphlet described it? Not a very smart sell, if so...
Amber

[estranged4life]

Originally Posted by amber

Is that how the pamphlet described it? Not a very smart sell, if so...
Amber

but reading what it's used to primarily treat (Panic Attack Disorder) is what I found it rather interesting, To say the least...Considering the history of the problems Stevie had when she was taking Klonopin (aka clonazepam).

The side effects are however what Stevie definitely suffered from during the "Street Angel" era (ie-Depression, Problems with coordination & balance).

Anyways, to get thing back on track...According to the reaction Slick Willie's book is having in the OKC area (And statewide) it will be available very soon...At your local "$1 shop"!!! It is not selling whatsoever (A newspaper used a comparison of the Harry Potter books with the Slick Willie book; "The Potter book's are at one end of the spectrum, In that they are a great seller for many of differnt age groups, Whereas the Clinton book is at the other end, With no interest from the book-reading public".)

[dissention]

Originally Posted by strandinthewind

According to her arguments to the IRS, the heat generated by one performance renders the garment obsolete

I couldn't believe she argued that. What a way to get out of paying her proper taxes. No one has BO that bad.

[dissention]

Originally Posted by estranged4life

Anyways, to get thing back on track...According to the reaction Slick Willie's book is having in the OKC area (And statewide) it will be available very soon...At your local "$1 shop"!!! It is not selling whatsoever (A newspaper used a comparison of the Harry Potter books with the Slick Willie book; "The Potter book's are at one end of the spectrum, In that they are a great seller for many of differnt age groups, Whereas the Clinton book is at the other end, With no interest from the book-reading public".)

The front page of my local paper has a story about how well it's selling in our area. It's flying off the shelves and they can't keep up with demand.

[estranged4life]

Originally Posted by dissention

The front page of my local paper has a story about how well it's selling in our area. It's flying off the shelves and they can't keep up with demand.

on if ya liked Slick Willie in the first place, But it is funny because his Mrs. Hill-Billy's book overall sold much better in the land of Native America...Too bad the National Enquirer outsells 'em both

I think Oklahoman's don't care for President's if they are from Ar-ki-saw & Tex-us

[Gwillaker]

Originally Posted by CarneVaca

I shudder to think about what he might reveal in regards to his Stevie Nicks fantasies. Brrrrrrr...

Good point. Homer Simpson claims to have seen Stevie Nekkid several times, so God only knows what Bill's been up to on the sly!

[Johnny Stew]

Originally Posted by dissention

I couldn't believe she argued that. What a way to get out of paying her proper taxes. No one has BO that bad.

Granted, it does sound a bit far-fetched, but I can see how it could be true (otherwise Lindsey wouldn't need a dozen white t-shirts, etc.). And they didn't say that all of her stage clothes had to be discarded, just that some did, and it added up.

The one thing I've never found out, was whether or not Stevie won her appeals, or if she had to pay the full amount.

[strandinthewind]

Okay, this is an interesting article (kudos to the site)

http://bla.fleetwoodmac.net/index.ph...v2&id=203&c=11

Los Angeles Times, 11/5/1996, Stevie Nicks in Flap with IRS < Stevie Nicks < Main Page

Los Angeles Times, 11/5/1996, Stevie Nicks in Flap with IRS



Stevie Nicks in Flap With IRS
By James Bates, Times Staff Writer
Los Angeles Times November 5th 1996

Stevie Nicks has good reason not to stop thinking about tomorrow: a looming Internal Revenue Service tax dispute. The IRS is seeking $85,887 in additional taxes from the former Fleetwood Mac singer, saying she improperly took about $270,000 in business expense deductions for makeup, hair styling, clothes a home office and management fees, according to U.S. Tax Court papers reviewed by The Times.

Among the expenses in dispute: $43,291 for clothes worn during performances, expenditures a Nicks lawyer in court documents defends as necessary because "much of this clothing is discarded immediately after use because it simply cannot be reused, given the energy levels of (Nicks') performances and the heat generated on stage from lights and physical exertion".

The case highlights an often murky tax question in the entertainment business: What can artists and performers reasonably claim is necessary to maintain carefully cultivated images?

Over the years, Nicks has projected a gypsy-like persona on stage. In her tax papers, lawyer George G. Short of Santa Barbara argues that her hair and clothing "must be themed to each performance, is not suitable for ordinary wear and is not adaptable to (Nicks') general or continued use". She is required "to maintain a stage persona and appearance".

Short adds, "When not performing, (Nicks') makeup and hair-styling needs are minimal" so she doesn't claim them as a business expense then.

The Nicks case stems from an audit of her 1991 tax return. It has recently come to light in public documents, the result of her decision to appeal the case last month to Tax Court in Alexandria, Va. The majority of such tax disputes are rarely made public because they are usually settled in the early stages.

Nicks, whose real name is Stephanie, was virtually unknown until she joined Fleetwood Mac in the mid-1970's just before the group's career rocketed. With such albums as Fleetwood Mac and Rumours, the band became one of the biggest-selling rock groups of all time, recording such hits as "Rhiannon," "Over My Head," "Dreams" and "Don't Stop," which became the anthem of President Clinton's 1992 presidential campaign.

Nicks also appeals $119,291 claimed as a business expense for payments to her personal manager, along with an additional $33,750 to write off an investment she made in the album Buckingham-Nicks, which she and fellow Fleetwood Mac member Lindsey Buckingham jointly financed in 1974. That album was overshadowed by the success of Fleetwood Mac's albums, court papers say, and the two decided in 1991 to abandon any efforts to continue to promote it.

Nicks also disputes an IRS decision disallowing $50,160 in expenses to maintain a business office in her Arizona home. In the petition, Short argues that Nicks used the office to compose songs, talk with advisors and executives and conduct her business as a songwriter and performer.

Finally, Short argues that Nicks also must spend money on private security services because she can attract unwanted attention "which disturbs and interrupts her trade, both while working from her home and when traveling on business." Short declined to comment on the case beyond what he wrote in court papers. An IRS spokesman said the agency does not comment on pending cases.

[strandinthewind]

Money Magazine, 6/97


How to keep your home office in tune with the IRS
By Michael Sivy, Wall Street Editor
Reprinted from Money Magazine, June, 1997

Now, Fleetwood Mac's Stevie Nicks can't stop thinkin' about yesterday-- because the IRS won't let her.

On her 1991 tax return, Nicks, whose band's '70s hit "Don't Stop (Thinking About Tomorrow)" became a Clinton Administration anthem, deducted $60,160 in expenses for a home office in her Arizona residence. But the IRS audited her return and nixed Nicks' write-offs (as well as $208,827 in deductions for pop-star-related expenses, like a personal manager and makeup). In all, the IRS says she owes $85,887 in back taxes.

Nicks, who declined to speak with MONEY, is currently fighting an uphill battle against the feds in tax court. Based on my experience as a tax lawyer and former IRS audit group manager, here's what Nicks will have to do to prevail over the IRS-- and what you can learn from her tax troubles.

In order to keep her write-offs, Nicks must first prove that the home office was her "principal place of business." That'll be difficult, since the IRS believes a musician's work is done mainly in recording studios and concert halls. (Similarly, a lawyer who makes most of her money defending clients in court probably couldn't get her home office expenses past the IRS.) So to salvage her deductions, Nicks will probably try to prove that her home office is the primary place for the various businesses she says she runs. Her petition, for example, lists a host of activities she conducted from the home office, including composing, writing poems, drawing and painting.

Nicks must also show that her home office was used "regularly and exclusively" for business. That argument could fall flat, especially for the write-offs attributed to the outdoor portions of her home, if she also uses the space for personal entertaining or relaxing.

My advice to Stevie and to you: In order to write off a legitimate home office, keep a separate business phone line there and take photographs to show that you have no personal items in this part of your home. Also, keep detailed records of the work you conduct in your office and a daily log of all business visitors. Finally, hang on to your canceled checks and receipts for all office expenses, so you can document your costs if the IRS comes calling.


(same site - same kudos!!!!)

http://bla.fleetwoodmac.net/index.ph...v2&id=207&c=11

[strandinthewind]

Back to the topic of the thread, maybe he'll talk about the joke he made about Stevie at the 2001 RIAA Convention.

[dissention]

Originally Posted by strandinthewind

Nicks also appeals $119,291 claimed as a business expense for payments to her personal manager, along with an additional $33,750 to write off an investment she made in the album Buckingham-Nicks, which she and fellow Fleetwood Mac member Lindsey Buckingham jointly financed in 1974. That album was overshadowed by the success of Fleetwood Mac's albums, court papers say, and the two decided in 1991 to abandon any efforts to continue to promote it.

Nicks also disputes an IRS decision disallowing $50,160 in expenses to maintain a business office in her Arizona home. In the petition, Short argues that Nicks used the office to compose songs, talk with advisors and executives and conduct her business as a songwriter and performer.

Finally, Short argues that Nicks also must spend money on private security services because she can attract unwanted attention "which disturbs and interrupts her trade, both while working from her home and when traveling on business." Short declined to comment on the case beyond what he wrote in court papers. An IRS spokesman said the agency does not comment on pending cases.

I find it offensive that she tried claim payments to her personal manager were business expenses. I guess I'll just do the same thing with my accountant.

Her bodyguards have nothing to do with her business, either. Gimme a break.

I tried to claim my home office on my tax returns, but was told I couldn't because it wasn't my primary place of business. La Nicks shouldn't get a free ride because she's La Nicks.

[dissention]

Originally Posted by strandinthewind

Back to the topic of the thread, maybe he'll talk about the joke he made about Stevie at the 2001 RIAA Convention.

That? Was a fabulous joke.

[strandinthewind]

Originally Posted by dissention

I find it offensive that she tried claim payments to her personal manager were business expenses. I guess I'll just do the same thing with my accountant.

Her bodyguards have nothing to do with her business, either. Gimme a break.

I tried to claim my home office on my tax returns, but was told I couldn't because it wasn't my primary place of business. La Nicks shouldn't get a free ride because she's La Nicks.

Actually, I am pretty sure the IRS code allows payment to accountants for tax preparation as a legitimate expense - see the last few lines on the 1040

Same for her personal manager if they are taking care of her business, which Karen, I think they are talking about her, does I mean businesses deduct secretaries all of the time. Same for her bodyguards. That is all arguably legitimate in that she needs them when she is on tour. Now, at home - probably not because they are not conduting business. It also depends on how her business is set up, etc.

Home offices are VERY hard to deduct and most do not because it is a HUGE red flag for the IRS "random" ( ) dept.

The thing about clothes was they had to be used solely for the job, like a uniform. Otherwise, I could deduct all of my suits, which is wrong because I can wear those suits for other things, etc. Stevie, on the other hand, probably cannot wear the SB cape to the Publix - but you never know

The IRS code is fascinating - I strongly suggest everyone read it It is at www.irs.gov Interestingly, the 1040 instruction booklet is a mini version of the personal tax code and WELL worth the read at tax time because the law/code changes all of the time.