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Favorite team:Florida State 
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Number of Posts:34856
Registered on:8/21/2004
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Recent Posts

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re: Who here has plans to leave the state? - TheOcean
Why live in LA when there are so many better states? ...
Posted on O-T Lounge
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re: Amazon Prime Music app - TheOcean
Use spotify ...
Posted on Music Board
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re: Daily Cooler Talk With yuengling (Afternoon Edition) - TheOcean
Time for yuengling to take a timeout ...
Posted on O-T Lounge
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re: War on Drugs: How Munis Pay Their Bills (Related to Ferguson DOJ Suit) - TheOcean
You would still need to have legal prices closer to the black market prices. But I would gladly spend a little more money to purchase legally. ...
Posted on Political Talk
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re: It’s Official — Young Voters Have a Higher Opinion of Socialism than Capitalism - TheOcean
You've missed the point of this thread. Younger voters are sick of the same bull shite. We were told to get degrees so that we could get good paying jobs. Instead, we got saddled with a ridiculous amount of debt and poor job prospects. Obviously you can get a good paying job without a college degr...
Posted on Political Talk
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re: It’s Official — Young Voters Have a Higher Opinion of Socialism than Capitalism - TheOcean
I can't believe some of y'all are using programming/website design as a way to prove your point. It's one of the only professional fields where you don't need a degree. ...
Posted on Political Talk
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re: Wills? - TheOcean
LWYRUP...
Posted on Money Talk
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re: TUba Top 101 College Basketball Teams (for games thru 2/6) - Xavier #1, LSU #63 - TheOcean
Tuba makes his rankings ridiculous for attention...
Posted on More Sports
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re: Well boys, the poe poe just caught me - TheOcean
[quote]I always ask them what time of their shift do they start policing and catching criminals, or do they devote entire shifts to revenue generating?[/quote] They'll be jobless when the majority of cars are self driven ...
Posted on O-T Lounge
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
:lol: Don't get banned. Just tell pride he's a 100% correct and the IRC is 100% incorrect. ...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]The first 5-6 posts were all about how the donee can stay from the tax.[/quote] 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 h...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
Solid advice was given by posters. Someone came in and took a shite over all the advice--and that person happened to be completely incorrect. Pissing match ensued. ...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]How would the IRS ever know about the gift? Serious question. [/quote] Not touching that one :lol: I'm sure poodle/houston will chime in at some point...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]Unpaid Taxes If the person who gives you a gift doesn’t pay the taxes that are due on it, the IRS can attempt to collect the taxes from you. The IRS has a wide range of collection actions, which can include eventually placing a tax lien against you, although this usually happens only after...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
You're still wrong. If the donor doesn't pay the taxes, then the IRS will be coming after the donee. eta: I will now bow out of the pissing contest in which I was correct :lol:...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]First, you don't have to pay any taxes on any gift ever. Thats the relative's responsibility. [/quote] =/= [quote]Under special arrangements the donee may agree to pay the tax instead.[/quote] ...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
So the donee is never forced to pay the tax? How much would you like to wager? ...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]He was right [/quote] You would also be incorrect. Don't feel like citing the code. ...
Posted on Money Talk
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re: Best Approach to Accepting Large Cash Gift? What should I do with it? - TheOcean
[quote]For the money board there sure has been some poor answers so far. [/quote] wat [quote]First, you don't have to pay any taxes on any gift ever. Thats the relative's responsibility. [/quote] wat x2 [quote]Second, the relative has something like a million dollar lifetime gift tax e...
Posted on Money Talk
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