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NEW LISTING: 20 Acre Resort Business in Scenic Clearwater Area
This 20 Acre Resort is located on Highway 12 in the heart of Idaho. Nominated one of the nations top-ranked Scenic Byways, Highway 12 traces the original Lewis & Clark Trail.
Nature and history lovers the world over flock to the area for its untamed rugged beauty, blue-ribbon rivers & unique cultural legacy.
Part of the immense Nez Perce National Historic Park is located directly across the highway, site of the legendary “Heart of the Monster”. This geological formation is one of 38 sites spread across thousands of acres of untamed Idaho wilderness & attracts hundreds of visitors every year.
This scenic region of north-central Idaho is the largest public wilderness area in the lower 48 states, a true Sportsman’s Paradise, drawing year-round crowds. World famous Clearwater River, a stone’s throw from the Resort, is on every angler’s bucket list. The Clearwater River produces the largest, hardest- fighting B-run Steelhead anywhere! Area rivers include the Lochsa, Salmon & Selway. White water river trips are highly coveted & are often pre-booked years in advance. At the height of Spring runoff, area rivers can challenge the most experienced navigators.
Wildlife is abundant in these parts. Hunters and nature enthusiasts thrill to sightings of Deer, Elk, Bear, Mountain Lion, Pheasant, Grouse & Mountain Goats. The occasional moose always stops traffic! Fall & Spring fishing seasons, hunting season, white-water river adventures, hiking & sightseeing draw year-round crowds and repeat business for the Resort.
The Resort is located 1.5 miles from Kamiah, Idaho, a progressive small town with a Western/Victorian Motif. Kamiah offers excellent schools, sports programs, and medical services.
If the area draws them in, then the Resort and its many amenities keeps them coming back. This well-established business, first built in 1979, has continued to grow and thrive under visionary ownership. It currently boasts a full menu of guest accommodations and services:
21 Room Motel, built to Best Western standards in 1994 (8 rooms with 1 King bed; 13 rooms with 2 Queen beds)
Café & Tavern
RV Park with 140+ RV sites (45 Pull-through sites) & 30—50 Amp power
7 Guest Cabins- Gym
Fishing Pond stocked with trout- Pool/Spa
- Laundry Facilities
- 1720 sqft private home, which could serve as Owner’s/Manager residence.
- Water Company with deeded water rights serving 90+ customers & room to expand.
- The idyllic setting features beautiful natural landscaping and is shaded with over 300 Poplar, Pine & Fruit trees.
Green grass carpets the open gathering areas, complete with a lovely Gazebo, Pond with Fountain.
- Charming antiques dot the park-like grounds, beckoning visitors to the serenity and simplicity of yesteryear.
- This is the venue for a Bike Rallies, Family Reunions, Weddings, and the Annual Bluegrass Festival, to name
- just a few. It’s no mystery why New and Returning Guests & Events are booked well into 2013.
Turnkey Equipment & Inventory included in sale.
$1,850,000
Call for a complete list of amenities, legal descriptions, and equipment/inventory.
Call Randy Oetken
of Windermere Coeur d’Alene Realty:
208-660-0518
Check it out at
http://www.realestate-browser.com/viewdetails.php?nid=79587&mls=11-5621
Nez Perce of Idaho http://www.byways.org/stories/56074
Northwest Passage Scenic Byway Overview http://www.byways.org/stories/46937
Heart of the Monster http://www.byways.org/explore/byways/2043/places/37702/
Clearwater National Forest http://www.fs.fed.us/r1/clearwater/VisitorInfo/Assets/pdfs/hwy12_corridor.pdf Travel the Lewis and Clark Trail
http://lewisandclarktrail.com/section3/idahocities/lolotrail/scenic12.htm
Kamiah, Idaho http://www.kamiahchamber.com/
Moose Photo: http://www.flickr.com/photos/ocallaghanfamily/1120171084/
1099 Rental Reporting: What does this have to do with Health Care?
Rental Property Owners have been handed another huge burden for reporting income and expenses in 2011 & 2012.
The Small Business Jobs Act of 2010 and Patient Protection and Affordable Care Act, PL 111-148, signed into law in 2010, both beef up 1099 reporting requirements and pentalties for rental property owners.
Between the two acts, Rental Property owners will be responsible for sending 1099’s to perhaps hundreds of service and retail vendors over the next two years. Corporations are not exempt.
IRS Forms 1099 must be issued by every person in business paying $600 or more during the year for services. If you pay a plumber to unplug the sink in your restaurant 6 times during the year at $100 a visit, you’ve got to issue a form to your plumber and the IRS. If your plumber is incorporated, you don’t have to issue the form. Well, until now. http://blogs.forbes.com/robertwood/2010/11/23/got-irs-forms-1099-more-soon/
Chris Neefus of CNSNews.com explains it this way:
The Patient Protection and Affordable Care Act, President Obama’s health care law, requires that small businesses file a Form 1099-MISC with the IRS for any goods they purchase from an outside vendor valued at over $600.
But the new bill, the Small Business Jobs and Credit Act (H.R. 5297), extends the mandate to private individuals who own property from which they receive rental income. Those people would also now have to fill out paperwork reporting any expenditure they make on that property valued over $600 for the year.
“There’s 10 million people who don’t know that they’re now suddenly going to be required to do this,” Ellis said. “They don’t have to issue them until January 2012 because it’s a 2011 requirement, but they’ve got to start tracking in January (2011). So I hope their internal accounting is good.”
Writing for ATR, Ellis said, “So imagine that you’re renting out your starter condo. You pay a property manager, a plumber, a repairman, a locksmith, a condo association, etc. Imagine having to get a taxpayer identification number, order 1099-MISCs from the IRS, fill them out by hand, keep a copy for yourself, send a copy to each payee (from whom you had to get a tax ID number and other information), and then finally take your legitimate rental deduction. Then the IRS finds some hiccup somewhere, and you get audited — all to placate an insane Congress.”http://www.cnsnews.com/news/article/75911
Quick figuring…At .44 postage per sheet, a ream of paper (which might be required for all those 1099’s) could cost you big. Do the math:
500 Sheets per ream X .44 = $220
How many 1099’s will you be sending?
Not that you could actually PRINT your own 1099’s anyway. You’ll have to order those from the IRS. See page 1 of the IRS 1099msc form, which has been generously made available for downloading. Caveat? You can’t USE the downloadable pdf! It’s not scan-able. Sorry. Enticing though it may be, if you send the downloadable PDF, you may be fined $50!)
And…what in the world does this have to do with HEALTH CARE???
This is our government’s version of assisting Small Business??
Related Articles
- New Rules: You and the Irs This January (ppjg.wordpress.com)
- Let There Be Forms 1099 (blogs.forbes.com)
- IRS Form 1099 Wars (blogs.forbes.com)
- Got IRS Forms 1099? More Soon (blogs.forbes.com)
