I went a little overboard and ordered a huge amount of new wine lately. The invoices have been hitting my inbox and I need $$$ to cover these. So, I decided to sell some in order to buy some. A complete inventory of my cellars is now done... I just have to work on pricing. So, if you're interested, please send me an email and I'll send thelist to everyone at once when it's ready (hopefully by Friday).
A few things to note...
Buyer pays shipping and asssumes risk. I send out only via FedEx.
I'm always happy to meet local people over a glass of wine at happy hour to make the swap. I live in Orange County mostly, but Vegas as well.
The provenance of these are incredible. Those who know me know thaat I only buy from the best sources.
ALL of these are wines I personally own. I'm not a broker or in the business in any way.
ALL of thse wines are stored in professional wine storage facilities.
I don't have time to participate in banter, so I'll have to ignore the imminent nasty posts from the usual suspects on this WS board who, for some reason, enjoy discouraging good, well-intentioned people from posting wines for sale.
A preview of what will be in there...
All First Growths from multiple vintages going back to around 1900
Large formats of bordeaux, california cabs and Yquem
Lots of sauternes from 375s to imperials
Special verticle collections of Silver Oak, Cinq Cepage in gorgeous gift boxes
Screaming eagle, Harlan, Hundred Acre, Sloan
Vintage champagne back to the 70's.
Please email me at mattha (at)gmail.com : mattha@gmail.com if you'd like a copy.
Originally posted by Matt H: Yep! Did this about 6 months ago and it was pretty successful!
Matt, did you collect sales tax on these sales? You included all this wine business on your income taxes, didn't you? Because if you didn't, I'd guess that'd be against the tax laws, though I'm certainly no tax expert. Hey, I might sell some wines if it's legal.
Just one more sip.
Posts: 24987 | Location: NY | Registered: Oct 18, 2001
Originally posted by Matt H: Yep! Did this about 6 months ago and it was pretty successful!
Matt, did you collect sales tax on these sales? You included all this wine business on your income taxes, didn't you? Because if you didn't, I'd guess that'd be against the tax laws, though I'm certainly no tax expert. Hey, I might sell some wines if it's legal.
B.O., you may be correct about this but why do you care? I don't see you making similar posts in all other Selling threads. The thread from 6 mo. ago has a couple posts from a satisfied buyer. I just don't see the big deal here.
Posts: 853 | Location: Los Angeles | Registered: Dec 04, 2007
Matt and Steve are clearly running businesses on this site. You can be sure they pay nothing for advertising and no taxes. Premier Cru and Wine Library can't advertise their sales here. Why should Steve and Matt be able to advertise their businesses here? These guys aren't selling a bottle or two. Make no mistake; they're running profit-making businesses on this site. They're not fooling you with their need-to-raise-cash or economy-sucks BS, are they?
Just one more sip.
Posts: 24987 | Location: NY | Registered: Oct 18, 2001
It is just insulting that the "Economy Sucks" charade is being played here - why not just say that you have bought wines and you are now selling them in the hopes of taking the spread? That is what is happening, but you are pretending otherwise which makes you seem a douche-bag rather than a businessman; that's not to say that you are, but by lying about your motives that's the impression you're giving off.
Personally, I don't care and wish you the best success in your endeavours. It takes a team of lawyers and good accountants for me to set up structures for corporate clients that can "reign in" taxes at taxable events, but you've done so probably more efficiently than I have at a fraction of the cost, so hats off, and best of luck to you. Make no mistake, Sir - if I were Stateside, I would certainly purchase your gray market wines provided the price is right. But, call a spade a spade, don't insult your fellow forumites, and be honest - that will make you a respected businessman that you think you are, rather than a bag of douche which others may see you as.
Also, as a note of caution, I urge you to be weary on public domains such as this one. There is nothing stopping federal folk from requesting your identity from M. Shanken Communications if they believe you are not doing your fair share to fill the coffers of the State - do trust me on this, there is no mafia more powerful than the IRS...
Posts: 408 | Location: Toronto, ON | Registered: Nov 10, 2008
Just to reiterate... although it might be a fun time-waster, I don't have time to participate in immature banter, so you'll get no response from me on the name calling and silly stuff. Sorry.
Thanks for the good reponse so far everyone! I'm shooting for Friday to get the list out... we'll see how it goes. It's a pain to price these things. I'm pretty much trying to price them at less than you can find online unless I feel that someone online is selling a cheap, questionable bottle.
Originally posted by Board-O: Matt, do you pay taxes on the tens of thousands of dollars of wine your business sells?
Matt,
You've had several opportunities to answer this question but as far as I know you have not done so. While there have certainly been some non-productive personal attacks aimed in your direction, I don't consider the question of possible tax evasion to be "a fun time-waster", "immature banter", "name calling" or "silly stuff".
Why relevant? If in fact you are running a business here - and it certainly looks like you are - and you are not paying taxes on your business income, then I think your consumers have the right to know this. Some may choose to purchase from you anyway. Others may not. But around here there is an expectation of full disclosure.
Originally posted by Board-O: Matt and Steve are clearly running businesses on this site.
Board-O, I hope that the "Steve" you're referring to is not me (duckfaninmt). If it is not, forgive me for the misunderstanding.
If it is me to whom you're referring to, trust me, I don't want to sell any of my collection; I'm definitely not running a business and I'm certainly not making a profit (if I am, it's extremely minimal). Truth is that in order to try and make things right in the duckfaninmt household, I am forced to sell a portion of my collection. Actually, I think my wife would prefer it if I sold everything, but that's not going to happen.
Anyway, FWIW, I just wanted to clarify things in the event that you were referring to me when you mentioned a "Steve."
------------------------- "I always advise that before you say something bad about someone, you should walk a mile in their shoes. That way, if they get pissed off, you'll be a mile away and you'll have their shoes." - Willie Nelson
Originally posted by duckfaninmt: Board-O, I hope that the "Steve" you're referring to is not me (duckfaninmt).
Not at all! I didn't even know your name was Steve.
By the way, I don't see anything wrong with selling a little wine here, but that's a far cry from running a business here.
Thanks for confirming that, Board-O... I hate assuming anything (or maybe I was being a bit paranoid? ), so I appreciate the clarification. Also, now that you know my first name, you won't have to call me "duckfan" when you come out to visit Glacier!
------------------------- "I always advise that before you say something bad about someone, you should walk a mile in their shoes. That way, if they get pissed off, you'll be a mile away and you'll have their shoes." - Willie Nelson
This thread is yet another reason why WS should run their classified forums like parker does and eliminate this ridiculous banter. Matt's tax information is of no one's business but Matt and the IRS...period.
I'm not looking for a fight...just suggesting that IF Matt is in fact running a business here (and while I suspect that he is I do not know that to be true) some potential customers may want to know if his business is legit.
I pay a lot of money in taxes every year. I don't like it but feel that it is my duty as a citizen. It would be unfair to honest taxpaying citizens if I cheated when paying my taxes. As such, as a consumer, I would prefer to purchase wine (or other products) from either (a) private individuals who are not selling wine as a business venture or (b) wine merchants who run legitimate, taxpaying businesses.
In any case it probably doesn't matter since Matt doesn't seem interested in answering the question, and a much more effective means for me to address the issue is to simply not purchase from him.
Originally posted by pasowineguy: This thread is yet another reason why WS should run their classified forums like parker does and eliminate this ridiculous banter. Matt's tax information is of no one's business but Matt and the IRS...period.
I'd be concerned if someone's evading taxes and if it will close outlets like these in being able to buy and sell wine to and from individuals. Matt's enterprise is pretty obvious that he is reselling wine with a profit motive. We don't really care if his wines fell off a truck.
Posts: 1454 | Location: New Jersey | Registered: Aug 05, 2007
Originally posted by pasowineguy: This thread is yet another reason why WS should run their classified forums like parker does and eliminate this ridiculous banter. Matt's tax information is of no one's business but Matt and the IRS...period.
If he is not declaring the income (gains) for taxation purposes then he can presumably afford to mark his bottles down by the amount he is saving and still make as much as any seller acting legally. Seems fair to me. Of course if B-O really cares as much as he seems to then he should stop wasting bandwidth repeating the same thing over and over and just submit something to the IRS.
"No TV and no beer make Homer...something, something"
), so I appreciate the clarification. Also, now that you know my first name, you won't have to call me "duckfan" when you come out to visit Glacier! 
