Vintage Racer

It works. Thanks.

I am always aware of fake junk from China.

I just like the original parts.

I really enjoyed my four days in sunny FL (March 7-10, 2019).

The Porsche Werks event is held on the Friday before the weekend. It's on a golf course, but not the same one as the Concours. I went by the Gooding Auction where they sold 32 Porsche cars (average price was $361,000. 

Werks:

It's a sad day.

I'll post up a nice 1969 Porsche 911T (it's a California car) with some minor modifications.

I like the new addition as I am in the market for an air cooled Porsche 911.

That is a great update.

I've seen threads on the Bose that claim if you turn off all of the processing modes and just run it in straight stereo, it actually sounds better.

Thanks. You are correct. It does sound much better (a natural sound) with just the standard settings.

 

 

What is the e-brake?

 

 

I understand now. I hadn't heard the abbreviated term.

 

My only complaint about the 991 is the sound of the e-brake. Truly the most un-Porsche thing of the car. But given I live in flat Silicon Valley it's not a big deal.

 

What is the e-brake?

I think that it is interesting but haven't seen one.

It's the optional Bose@ Audio Package ($2120 extra). It's a little lame.

Other than that, the car has been a joy to own.

PDK (Yes, and my first automatic)

Sport Exhaust (check)

Power Sport Seats (check) with Premium Package Plus (check)

Door-Sill Guards, Illuminated (check)

check, check, and check.

Is it just me or is the early 911 just keep increasing in value? What do you think?

That is a very nice 911E.

I can't find G03 in my files. Porsche used a "M" in front of options beginning in 1970. Example = M409 = Sport Seats

Sorry.

Others might think that updating a perfectly good classic 911 2.4S is sacriledge... no matter how well the work is done...

What do you guys think???

I think your car is perfect as it is. There is nothing wrong with updating an early 911S.

Is it correct that if the LLC generates under $4000 in profit, it is not required to file with the IRS? I looked up some information at the Montana Department of Revenue and if the LLC made under $400 in PROFIT, MT does not require it file a tax return. The LLC only needs to file something called the affidavit of corporate inactivity. That keeps the company in good standing with the taxing authority there. Seems pretty simple.

The reason I'm interested is because MT offers the permanent plate and the ability to display an original Montana plate on my '57. I found some nice Montana 1957 plates and it'd be fun to actually have them on my car :)

The IRS would certainly want you to file with a $4000 profit. I know of no IRS $400 limit.

The State of Georgia allows a tag with the year of the car's production to be used on an antique. I know a number of guys with 1965-1973 tags on their 911s. Most bought the tags off eBay.

The annual taxes on my two longhoods are $50/year. The no-deductible annual insurance is another $132/yr. Both were purchased with no sales tax.

Right, that seems to be the case when you are an individual registering the car in your personal name. My understanding is that the LLC is never a resident of the state of Washington or any other state and is therefore not subject to that states registration statute of limitations.

Yes. But.

A LLC is a partnership-type corporate entity. It still requires a state of domicile (you'll need to file federal and state tax forms in the state of its physical residence). If you form the LLC in Montana, you'll be registered by the Montana Secretary of State as a Montana Corporation. You'll need a mailing address (that could be in GA, but what if they ask you the address of the entity in Montana)?

A LLC isn't the taxpayer. Tax liability (if it makes money) or tax losses (if it loses money) are generated to another entity (another LLC or an individual taxpayer) via the Form K-1 which must be filed with the tax form. If you start transferring losses to an individual's Form 1040, you are subject to an audit to prove its a for-profit corp.

In these days of government's grab for more tax revenue to support federal and state deficits, the risks are high.

GA is only one of a few states that do not charge sales tax on a vehicle titled in a person's name. You can buy a Carrera GT for $350,000 and pay $20 for the tag (no 7% sales tax).

I wouldn't touch this arrangement, but I sleep better knowing I will not be threatened with IRS actions.

Has anyone registered their porsche in Montana under an LLC? Have you had any problems? What was your experience like?

Taxing authorities do not like it when you form an entity to escape taxes. If a trust or LLC is formed for the sole purpose of escaping the payment of taxes, you could be subject to a long court battle.

Then you will have the problem of parking and driving a car in GA with Montana tags.

I have a friend who's attorney set up the whole thing up for $3k. Not a bad expense considering he bought a $200,000 car (would have been around $20k in taxes here.) I think that max reg & title expense for a car in Montana is $350.

I would do some research about things like insurance requirements etc...

You may have insurance problems (unless you own a home in Montana).

The trust or the LLC will also be required to file tax forms every year. You'd need to factor in another $1000/year for an accountant.

I would suggest getting a copy of Patrick Paternie's Porsche 911 Red Book, which shows a breakdown of each model in each production year. It's a handy pocket-book size and a nice quick reference. If you want more detail, look for a copy of Marc Bongers' Porsche Data Book. More comprehensive (and expensive) but nice glossy photos and much more detail.

Thanks Richard,

I have Patrick Paternie's book (3rd Edition) but it lacks detail in some areas. I'll look for Marc Bongers' book.

I have been searching the internet and can't seem to find the actual production numbers of the earlier air-cooled cars.

I'd like to see the annual production numbers as well as the individual production numbers for each model of each year. Can anyone give me a link?

Thanks.

I started restoring a 1975 911s Targa, one thing that caught my attention is the over heating as it can easily goes beyond 210F!

Does your car have thermal reactors? This was an early emission device that added heat below the engine and caused overheating, oil seal problems, and valve failure.

It area, a 1973 911T is twice as much money as a 1974 911. A 1973 911S is twice as much money as a 1973 911T. The 1974-1977 911 is unloved (except the early Euro coupes).

The 1973 911T has mechanical fuel injection while the 1973 1/2 car had CIS fuel delivery.

.......or would I need to run a 915 gearbox?

I'd also like to get hold of the ducktail rear deck, door cards and 2.7RS decals.

There is no reason you can't use a 915. It was the transmission used on a 1973 RS. I've had no problems with mine after many miles.

I'd first look at this site for suppliers of the parts you need. They are easily sourced. The difficult part to find is the steel rear fenders.

I hope you signed a lucrative contract for your services. The going price for a good moderator is high in these times. :D