Tax treatment of Passover "sales"?


J

Jonathan Kamens

Barry Margolin said:
But since he's Jewish, giving up a buck might be unthinkable (I'm
Jewish, so I hope I can say that without being called racist).
No, Barry, you really can't.

Sheesh.
 
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J

Jonathan Kamens

The totally-a sham sale isn't the only way this is handled.
I've heard from semi-reliable sources that the owner of one of
the Kosher restaurants in Boston actually sells the restaurant
to his non-Jewish employees during Passover and actually lets
them keep the profits from that week.
 
J

Jonathan Kamens

ira smilovitz said:
This isn't an issue because the typical pattern is that only
the non-kosher food items are sold to the non-Jew and not the
entire business. The sold items are segregated from any part
of the business that might continue to operate during the
holiday (cabinets sealed, shelves coveree, etc). Any business
risks remain with the Jewish owner.
This is an inaccurate generalization. It is certainly not
accurate in the case of a Kosher restaurant which remains open
for business, preparing and selling non-Passover food, during
the entire holiday.
 
J

Jonathan Kamens

This really isn't the appropriate place for this discussion.

Certainly, this is not the appropriate place to first make a
tasteless, bigoted joke about Jews being stingy, and then to
follow it up by making disparaging comments about Jews who
follow traditions in which you do not believe. "I'm Jewish, so
I can make offensive jokes about Jews and disparage the
beliefs and practices of other Jews with impunity" does not
wash, Barry.
 
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J

Jonathan Kamens

Alan said:
This contract is primarily intended for the sale of people's
personal chametz (food not permitted on Passover), not of a
business that produces or sells chametz.

If the business is shutting down completely for the entire
holiday, then this contract might be adequate to sell its
chametz. But for a business that's remaining open, things are
significantly more complicated, for all of the reasons
outlined here.
 

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