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Started By
Message
re: Smart and filing taxes on bribes
Posted on 3/13/19 at 6:38 am to Howyouluhdat
Posted on 3/13/19 at 6:38 am to Howyouluhdat
0
Posted on 3/13/19 at 6:42 am to JabarkusRussell
Take it easy, Eliot Ness.
Posted on 3/13/19 at 7:21 am to The First Cut
quote:
I didn’t draft the tax code, just telling you what it is.
It's the fact that you would actually believe this when doing your taxes
This post was edited on 3/13/19 at 7:22 am
Posted on 3/13/19 at 7:38 am to DVinBR
The convictions were for wire fraud. If money changed hands, it was in a bank at one time. The feds charged 30 yesterday for fraud in a separate case.
Posted on 3/13/19 at 7:39 am to JabarkusRussell
I can’t tell if this is a drunk post or not
Posted on 3/13/19 at 7:58 am to Howyouluhdat
quote:
It's the fact that you would actually believe this when doing your taxes
It’s absolutely the fact. No, I don’t think anyone reports it. However, all income is required to be reported - legal, illegal, and money (or objects of any value) that are found. The IRS wants their cut of it all.
ETA: if you have a loan that is forgiven - it’s taxable income.
This post was edited on 3/13/19 at 8:01 am
Posted on 3/13/19 at 10:51 am to The First Cut
quote:
Wrong. There are limits to gifts before they become taxable.
Is it wrong? There are limits for the person giving the gift before they become taxable.
quote:
ETA: recipient, you may right, but if it’s not filed correctly it could still be a problem. Awards, like gift cards that employers often give out, are taxable.
In the hypothetical situations we're discussing, because we all know they didn't receive any illegal benefits, I wouldn't consider this an award, and the person giving the GIFT is not the receiver's employer.
Posted on 3/13/19 at 10:51 am to LSUdubai
quote:
If it’s over a certain amount, then yes they are responsible for paying taxes on it.
Yes, if you are the GIVER.
Posted on 3/13/19 at 10:58 am to NoGeaux
quote:
Wade was recruiting another player named Smart that Dawkins has ties to? What a coincidence! If not our Smart who was Wade talking about on the FBI wiretap of Dawkins?
You are familiar with the English language, right?
If so, then certainly you’re aware that the word “smart” is not just a proper name, but also an adjective...no?
Posted on 3/13/19 at 10:59 am to JabarkusRussell
Cash, gift cards, numerous ways to move money outside the eyes of the IRS
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