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Started By
Message
re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 2:51 pm to MMauler
Posted on 2/8/16 at 2:51 pm to MMauler
quote:I am. And the donee isnt paying the tax. Post the code again, and I will again tell you the IRS is not going to ever make the donee pay the tax. Then you can post the code again. And I will once again tell you the IRS isnt going to shift the burden to the donee. We can go all day. Im off
PLEASE, PLEASE, PLEASE tell me you aren't a CPA
This post was edited on 2/8/16 at 2:52 pm
0
Posted on 2/8/16 at 2:54 pm to lsupride87
quote:
The first 5-6 posts were all about how the donee can stay from the tax.
Where did I mention that in my post? My post was how the OP's relative could avoid all taxes period. I'm sure the OP would prefer his relative not pay any taxes. I'll give you that OP asked specifically about how he personally wouldn't pay any taxes.
quote:
Someone pointed out that is incorrect.
You were just shown that you were wrong a few posts above.
quote:
You were a dickwad. You then crawfished. You suck. Game over
Sounds like you're not very good at what you do and are angry about it.
This post was edited on 2/8/16 at 2:55 pm
Posted on 2/8/16 at 2:55 pm to TheOcean
quote:Apparently I am great at what I do. I keep my clients from paying taxes they actually owe
Sounds like you're not very good at what you do and are angry about it.
Posted on 2/8/16 at 2:56 pm to TheOcean
quote:I dont beleive you. It is cool. If you did you would have said
Where did I mention that in my post? My post was how the OP's relative could avoid all taxes period.
"You dont owe taxes, but your relative could unless he does this......"
Also, I was cordial when pointing out the donee is not the responsible party. You started the douche off
Posted on 2/8/16 at 3:04 pm to TheOcean
quote:Can you get banned with all the ! & * he is using?
Don't get banned.
He is cussing me out on a 3rd grade level
Posted on 2/8/16 at 3:07 pm to lsupride87
Posted on 2/8/16 at 3:08 pm to lsupride87
quote:
Listen here, when you have a client that pays the gift tax as a donee, fire yourself, your attorney, your secretary, and your mailman because you suck as a CPA
He/she doesn't have a f*cking choice. The IRS has an automatic lien against the property.
Otherwise, drug dealers would just "gift" all their ill-gotten gains to their relatives, not pay the gift tax, and then tell the IRS to go f*ck themselves.
Posted on 2/8/16 at 5:34 pm to Old Sarge
quote:
Can the giver write off the gift on their taxes?
No.
In fact, the giver is taxed on any amount over 14k (28k if married) given, in most cases.
Posted on 2/8/16 at 5:52 pm to MMauler
quote:
He/she doesn't have a f*cking choice. The IRS has an automatic lien against the property.
Otherwise, drug dealers would just "gift" all their ill-gotten gains to their relatives, not pay the gift tax, and then tell the IRS to go f*ck themselves.
Rare is the scenario where a donee will be forced to pay taxes on a gift because said taxes weren't received from the donor. In the case of complicit or non-complicit tax evasion, yeah they are going to go after the donee, but 99/100 the donee won't pay a dime of tax unless it was stipulated to do so in a contractual agreement when receiving the gift.
This post was edited on 2/8/16 at 5:53 pm
Posted on 2/8/16 at 7:22 pm to OMapologist
quote:you about to get e raped
Rare is the scenario where a donee will be forced to pay taxes on a gift because said taxes weren't received from the donor. In the case of complicit or non-complicit tax evasion, yeah they are going to go after the donee, but 99/100 the donee won't pay a dime of tax unless it was stipulated to do so in a contractual agreement when receiving the gift.
But thank you for actually being in the profession and having a real clue 
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