LLC Tax

LLC Tax Hearing 1/7/10:
The following audio cuts are interviews and soundbytes from the 1/7/10 LLC Tax hearing in Plymouth and aired on the show:

Andy Sanborn on Reasonable Compensation
Andy is the owner of The Draft Sports Bar & Grill and asks a lot of questions about what is reasonable compensation.

Chris Williams on the process
Chris the president of the Greater Nashua Chamber of Commerce and this line drew the longest applause.

Tom Thomson on Commissioner's Oath
Tom of Orford reads the commissioner's oath of office.

Question about Constitution
Joe Daley from Nashua asked the commissioner about his ability to stop the tax based on the constitutionality of the retroactive aspect of this tax.

Commisioner Kevin Clougherty on the Constitution
The commissioner's response to Joe Daley's question on the retroactive aspect of this tax.

Commissioner Kevin Clougherty on Hearings
This is the commissioner's explanation on why they won't have hearings in the southern part of the state.

David Heath on the Accounting Nightmare
David is an experienced CPA and talks about the affect this will have on LLCs beyond the tax.

Testimony of Henry Ahern
Henry Ahern is the owner of Bonnie Brae Farms in Plymouth and owns three businesses. He explains why businesses become LLCs.

Testimony of Peter Valetra
Peter is a resident of Warren and is a writer who talks about reasonable compensation and about the lack of loss carry-over provision.

Testimony of Ronda Kilanowski
Ronda is a CPA and talks extensively about the difficulty in understanding the rules and explains how reasonable compensation has been determined in the past.

Testimony of Ron Roucoulet
Ron came from Peterborough and is the Administrator of the Automotive Wholesalers Association of New England.