ALCOR SPREADSHEETS? [C2] -- generally accepted accounting principles vs. tax returns data

ALCOR SPREADSHEETS? [C2] -- generally accepted accounting principles vs. tax returns data

Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 2:43 pm #1

Rick55--- I didn't realize generally accepted accounting principles do not apply to tax return data... I wish it were all the same.. from what I recall of my basic accounting in high school (I failed miserably in university level accounting courses leading to Chartered Accounting in the Commerce faculty at McMaster U. where Doug Skreky went... where there are hundreds of human brains being stored and where the U. has its own nuclear generating plant). A friend of mine DID complete CPA chartered public accountant and pointed out to me that tax laws change so much every year that it's continual study... US codes are admittedly different... but its as if Alcor has to keep two sets of books, GAAP and Tax... in addition to a different set of books for the TW estate... with the Alcor address...

http://tech.groups.yahoo.com/group/New_ ... ssage/3537

Hi everybody,

Here are the spreadsheets.

Before I begin, can I ask you, please, do not use these spreadsheets to try to get Alcor. All cryonic organizations have to work together and learn to cooperate. The reason I created and share these spreadsheets is because I think that the financial viability of cryonic organizations in the long run is probably the most important factor on whether cryonics will work or not. If you think about it youll realise that every cryonic organization that has gone under has had a large, often overwhelming, financial component in their downfall. That is why I want to get more cryonicist interested in looking at the dollar-and-cents issues of cryonics. And to do this effectively we need information.

http://tech.groups.yahoo.com/group/New_ ... ssage/3575

Bonnie---
n your first point, you spend a long time detailing how some of the amounts on
the 990s don't match the financial statements. This is true - they're not
supposed to. It is very common that items required to be included on a GAAP
financial statement should not be included in the tax return. For example,
Alcor is required to include all of the assets and liabilities for Cryonics
Property, LLC on our consolidated financial statements, however these amounts
are not shown on the 990. The LLC is a separate entity and files it's own tax
return separate from Alcor. There are other reconciling items as well, such as
the unrealized income from investments.
http://tech.groups.yahoo.com/group/New_ ... ssage/3649



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Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 3:14 pm #2

?
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Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 11:22 pm #3

Rick55--- I didn't realize generally accepted accounting principles do not apply to tax return data... I wish it were all the same.. from what I recall of my basic accounting in high school (I failed miserably in university level accounting courses leading to Chartered Accounting in the Commerce faculty at McMaster U. where Doug Skreky went... where there are hundreds of human brains being stored and where the U. has its own nuclear generating plant). A friend of mine DID complete CPA chartered public accountant and pointed out to me that tax laws change so much every year that it's continual study... US codes are admittedly different... but its as if Alcor has to keep two sets of books, GAAP and Tax... in addition to a different set of books for the TW estate... with the Alcor address...

http://tech.groups.yahoo.com/group/New_ ... ssage/3537

Hi everybody,

Here are the spreadsheets.

Before I begin, can I ask you, please, do not use these spreadsheets to try to get Alcor. All cryonic organizations have to work together and learn to cooperate. The reason I created and share these spreadsheets is because I think that the financial viability of cryonic organizations in the long run is probably the most important factor on whether cryonics will work or not. If you think about it youll realise that every cryonic organization that has gone under has had a large, often overwhelming, financial component in their downfall. That is why I want to get more cryonicist interested in looking at the dollar-and-cents issues of cryonics. And to do this effectively we need information.

http://tech.groups.yahoo.com/group/New_ ... ssage/3575

Bonnie---
n your first point, you spend a long time detailing how some of the amounts on
the 990s don't match the financial statements. This is true - they're not
supposed to. It is very common that items required to be included on a GAAP
financial statement should not be included in the tax return. For example,
Alcor is required to include all of the assets and liabilities for Cryonics
Property, LLC on our consolidated financial statements, however these amounts
are not shown on the 990. The LLC is a separate entity and files it's own tax
return separate from Alcor. There are other reconciling items as well, such as
the unrealized income from investments.
http://tech.groups.yahoo.com/group/New_ ... ssage/3649


Date: Wed, 31 Oct 2012 08:35:26 -0700
From:
Subject: Re: Alcors financial spreadsheets
To: martasandberg99@...

Marta,
I have uploaded the spreadsheets to google docs. The respective links (which you can give out to people) are:

http://tinyurl.com/coh5g6t
http://tinyurl.com/brpnno8
http://tinyurl.com/dyz9nlo
http://tinyurl.com/dyruxw6

Dennis
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Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 11:25 pm #4

wow
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Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 11:29 pm #5

?
why isn't it indicated as a separate item?

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Joined: January 1st, 1970, 12:00 am

November 23rd, 2012, 11:41 pm #7

wow
This strikes me as incredible...

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