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01-15-2010, 08:59 PM
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#76
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Valued Poster
Join Date: Apr 5, 2009
Location: Eatin' Peaches
Posts: 2,645
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Quote:
Originally Posted by Woody of TX
But were are the "Links" to verify such?
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lmao
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Quote
| 1 user liked this post
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01-15-2010, 09:28 PM
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#77
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Ambassador
Join Date: Jan 4, 2010
Posts: 13,076
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Just pay your taxes. The IRS is not one to try and fuck out of $$
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Quote
| 1 user liked this post
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01-16-2010, 10:45 AM
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#78
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Valued Poster
Join Date: Dec 29, 2009
Location: USA
Posts: 319
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privileged communications
Quote:
Originally Posted by WTF
Bottom line folks is if you don't have a good CPA....get one!
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Actually, you should be very careful about saying anything to a CPA. There is no "CPA-client privilege" like the "attorney-client" privilege, and your CPA can be compelled to disclose conversations and communications with you to the IRS and anyone else.
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Quote
| 1 user liked this post
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01-16-2010, 03:55 PM
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#79
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Gaining Momentum
Join Date: Dec 31, 2009
Location: san antonio
Posts: 49
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IRS rules for 2010:
The annual exclusion for gifts of present interests made to a donee during the calendar year remains at $13,000.
There is no tax if you make the gift to your spouse or charity.
If you make a gift to someone else, the gift tax usually does not apply until the
value of the gifts you give that person exceeds the annual
exclusion for the year. (now 13K)
Recipients:
Most gifts are not subject to the gift tax.
No tax payable by the person receiving your gift or
bequest. Generally, the person who receives your gift
will not have to pay any federal gift tax or
estate tax because of it. Also, that person will not have to
pay income tax on the value of the gift. (per IRS Publication 95, 2009)
Note the wording, gift.
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Quote
| 1 user liked this post
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01-16-2010, 04:02 PM
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#80
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Valued Poster
Join Date: Apr 5, 2009
Location: Eatin' Peaches
Posts: 2,645
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Quote:
Originally Posted by alamomike
IRS rules for 2010:
The annual exclusion for gifts of present interests made to a donee during the calendar year remains at $13,000.
There is no tax if you make the gift to your spouse or charity.
If you make a gift to someone else, the gift tax usually does not apply until the
value of the gifts you give that person exceeds the annual
exclusion for the year. (now 13K)
Recipients:
Most gifts are not subject to the gift tax.
No tax payable by the person receiving your gift or
bequest. Generally, the person who receives your gift
will not have to pay any federal gift tax or
estate tax because of it. Also, that person will not have to
pay income tax on the value of the gift. (per IRS Publication 95, 2009)
Note the wording, gift.
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.
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Quote
| 1 user liked this post
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01-16-2010, 04:02 PM
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#81
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Gaining Momentum
Join Date: Dec 31, 2009
Location: san antonio
Posts: 49
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Quote:
Originally Posted by notdeadyet
Actually, you should be very careful about saying anything to a CPA. There is no "CPA-client privilege" like the "attorney-client" privilege, and your CPA can be compelled to disclose conversations and communications with you to the IRS and anyone else.
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The way around that is to have privileged communication with your attorney. Your attorney in turn would have privileged communication with the accountant. You talk to attorney, accountant talks with attorney. (personal experience with IRS audits)
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| 1 user liked this post
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01-16-2010, 06:14 PM
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#82
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BANNED
Join Date: Feb 8, 2015
Location: Everywhere
Posts: 11,947
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AVOID GIFTS !!
PAY TAXES on a tractable , legit, TAXABLE INCOME !!
Giz
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Quote
| 1 user liked this post
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01-16-2010, 06:22 PM
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#83
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Pending Age Verification
User ID: 3362
Join Date: Dec 30, 2009
Location: NC
Posts: 61
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Gee, ATL. That's a very large font.
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Quote
| 1 user liked this post
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01-16-2010, 06:34 PM
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#84
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Valued Poster
Join Date: Apr 5, 2009
Location: Eatin' Peaches
Posts: 2,645
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You know what they say about a man with a big font
[I'll reduce it shortly, kind of a commentary on our current advertising policy]
BTW, alamomike, I didn't mean to jump all over you, thanks for your counsel, I just wanted to use the "beating a dead horse" smilie on something....
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Quote
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01-16-2010, 07:58 PM
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#85
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Miss America
User ID: 3339
Join Date: Dec 30, 2009
Posts: 461
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Quote:
Originally Posted by alamomike
IRS rules for 2010:
The annual exclusion for gifts of present interests made to a donee during the calendar year remains at $13,000.
There is no tax if you make the gift to your spouse or charity.
.
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OK, so now all clients that want to give me gifts higher than $13,000 will need to meet me in Las Vegas at the Little Wedding Chapel before handing me the white envelope. Annulment given at the conclusion of date.
Of course this only works with the unmarried clients. If I was high volume, I could break some world records on marriage.
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Quote
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01-16-2010, 08:46 PM
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#86
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Pending Age Verification
User ID: 511
Join Date: Apr 3, 2009
Location: Europe
Posts: 883
My ECCIE Reviews
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Quote:
Originally Posted by Ansley
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Late to the party as usual but make it a triple
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Quote
| 1 user liked this post
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01-16-2010, 08:52 PM
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#87
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Pending Age Verification
User ID: 511
Join Date: Apr 3, 2009
Location: Europe
Posts: 883
My ECCIE Reviews
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Quote:
Originally Posted by SR Only
More for your smoking pleasure:
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I will guesstimate that the popcorn icon comes in might handy at some point!
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Quote
| 1 user liked this post
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01-16-2010, 08:54 PM
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#88
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Pending Age Verification
User ID: 511
Join Date: Apr 3, 2009
Location: Europe
Posts: 883
My ECCIE Reviews
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Quote:
Originally Posted by atlcomedy
.Please Contact me for Tour Dates....if you need to screen me please do so before I arrive in your City
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OMG..you are KILLING me here
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| 1 user liked this post
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01-17-2010, 09:16 AM
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#89
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by notdeadyet
Actually, you should be very careful about saying anything to a CPA. There is no "CPA-client privilege" like the "attorney-client" privilege, and your CPA can be compelled to disclose conversations and communications with you to the IRS and anyone else.
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You are correct....Should have said Tax Attorney.
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| 1 user liked this post
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