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Started By
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re: Breaking: Comer announces they have found $200,000.00 DIRECT payment to Joe Biden
Posted on 10/20/23 at 3:20 pm to Fun Bunch
Posted on 10/20/23 at 3:20 pm to Fun Bunch
quote:
Breaking: Comer announces they have found $200,000.00 DIRECT payment to Joe Biden
frick Matt Gaetz!
- Board RINOs with another random butt-hurt non-sequitur take on Matt Gaetz
1
Posted on 10/20/23 at 3:21 pm to BBONDS25
agree. thats my point. a promissory note alone proves nothing.
Posted on 10/20/23 at 3:22 pm to Vacherie Saint
quote:
an interest bearing loan of that size would almost certainly have tax implications, especially if it was for an investment. It not being reported could be an attempt to evade taxes even if the loan was legit (it’s not).
Wanna know how I know you haven’t read the thread?
I’ve said as much like seven times
Posted on 10/20/23 at 3:23 pm to Crimson1st
quote:
frick Matt Gaetz!
- Board RINOs with another random butt-hurt non-sequitur take on Matt Gaetz
Wow melting about Gaetz in a Biden scam thread. Seek help
Posted on 10/20/23 at 3:23 pm to Fun Bunch
quote:
BREAKING
Still winless on this board
but damn am I pulling for it. This post was edited on 10/20/23 at 3:24 pm
Posted on 10/20/23 at 3:25 pm to BBONDS25
quote:
Interest on the loan is taxable. If Joe didn’t report interest income it would be a gift. If there is no 709 then they have an issue.
What interest? Genuinely curious and feel like I'm missing something.
Posted on 10/20/23 at 3:26 pm to Indefatigable
I'm addressing the specific post you made. Not every comment you've ever made in life.
I dont think we disagree here, perhaps other than the standard to prove this loan is real (considering the weight of these allegations) should be ultra high. These are the exact tactics used to move cash around.
I dont think we disagree here, perhaps other than the standard to prove this loan is real (considering the weight of these allegations) should be ultra high. These are the exact tactics used to move cash around.
Posted on 10/20/23 at 3:26 pm to momentoftruth87
quote:
Wow melting about Gaetz in a Biden scam thread. Seek help
Bro you and I are on the same team with the Matt Gaetz situation. I was mocking the RINOs we have here because he has become akin to Satan to them and so everything wrong now is Matt Gaetz’s fault to them.
Posted on 10/20/23 at 3:26 pm to SlimTigerSlap
quote:
What interest? Genuinely curious and feel like I'm missing something.
A loan requires interest. Interest income must be reported.
This post was edited on 10/20/23 at 3:28 pm
Posted on 10/20/23 at 3:27 pm to Crimson1st
I was curious why it was out of nowhere but on here it’s not unexpected. Sorry
Posted on 10/20/23 at 3:27 pm to SlimTigerSlap
quote:
Genuinely curious and feel like I'm missing something
clearly
Posted on 10/20/23 at 3:28 pm to Vacherie Saint
quote:
I'm addressing the specific post you made. Not every comment you've ever made in life.
Simmer down. I was just saying that I’ve beat that drum many times in this thread. Gets very difficult to have a cogent conversation when people don’t read the thread before responding to individual comments is all.
quote:
I dont think we disagree here, perhaps other than the standard to prove this loan is real (considering the weight of these allegations) should be ultra high. These are the exact tactics used to move cash around.
I don’t think we disagree at all. If this was legit, the Biden’s and the IRS should have the paperwork readily available to prove it.
This post was edited on 10/20/23 at 3:29 pm
Posted on 10/20/23 at 3:29 pm to SlimTigerSlap
quote:
What interest? Genuinely curious and feel like I'm missing something.
There has to be interest on personal loans above a certain amount for the loan to not count against the gift tax exemption.
If I give you 100k but there’s no interest, that’s a gift. And you need to pay income tax on the balance of that gift above the gift tax exemption amount.
This post was edited on 10/20/23 at 3:31 pm
Posted on 10/20/23 at 3:29 pm to BBONDS25
quote:
quote:
What interest? Genuinely curious and feel like I'm missing something.
A loan requires interest. Interest income must be reported.
Yes. And I'm still genuinely curious here...what if interest is deferred and the personal loan is paid back in total during the deferment period?
Posted on 10/20/23 at 3:31 pm to SlimTigerSlap
quote:
what if interest is deferred and the personal loan is paid back in total during the deferment period?
Then the deferred interest would be on Joe’s tax returns as income, right?
This post was edited on 10/20/23 at 3:33 pm
Posted on 10/20/23 at 3:32 pm to Indefatigable
You're asking me? I have no idea.
Posted on 10/20/23 at 3:33 pm to SlimTigerSlap
Hey I’m not a CPA. I just prepare my own taxes and stayed at a Holiday Inn Express last night.
Posted on 10/20/23 at 3:38 pm to Fun Bunch
The wardrobe, the cars, the houses, the facelifts, the porcelain veneers, the hair implants.
Now we know how he paid for all of that.
This is Nixon / Watergate level stuff. Get a new speaker in place and start the impeachment proceedings now.
Now we know how he paid for all of that.
This is Nixon / Watergate level stuff. Get a new speaker in place and start the impeachment proceedings now.
Posted on 10/20/23 at 3:38 pm to Fun Bunch
where are the alleged recordings documented in the fbi report (that bill barr couldn't be bothered with and that would have exonerated Trump on the quid pro quo impeachment) of the Bidens accepting millions dollars worth of bribes from Burisma?
huh?
huh?
Posted on 10/20/23 at 3:40 pm to SlimTigerSlap
quote:
Yes. And I'm still genuinely curious here...what if interest is deferred and the personal loan is paid back in total during the deferment period?
Then it would not be an arms length transaction and the 7520 rate would be used to determine the total gift amount, for the life of the loan, which would have shown in his 2018 return.
Why are you twisting yourself in knots trying to find some explanation when we all know exactly what happened here?
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