Happy Hollidays!

[Ron Saueracker]

ORIGINAL: Hornblower

Ahmen to that. Mrs H is planning on going out and shopping or Christmas gifts tomorrow with her girlfriend. Odd thing is that everone is already bought for. I feel that i should be afraid, very afraid....

Women like to go and watch some beefcake during the Christmas Holidays!With a name likeMrs. Hornblower I'd be worried too!!![X(][;)]

[dtravel]

ORIGINAL: mlees

How the HECK can the IRS charge the SON for something the FATHER did DECADES ago??? Reform that dang tax code NOW!!

Must be nice to be able to make up your own laws as you go!!! Sheesh!! I'd be LIVID. (I am, and I'm not the one burned!)

It's complicated. It involves a transfer of title for land done as part of setting up his trusts and simplifing his estate. And they weren't charging my mother for what her father did. They were taxing my grandfather's estate. It just happens that the value of the estate is affected by what he did in 1988. So the estate has to pay the IRS. But the estate had no money left since she had paid it all out. So all the beneficiaries have to pay some of the money back so there will be some money in the estate to pay the IRS with.

(If your head isn't spinning yet, I could always ask my mother for the details. )

If you really want to stick it to some relative, name them Executor in your will and do nothing else. If you actually care about your family, then you'll go see an estate attorney, do what he tells you and make sure to pay all your bills before you die. (Having some money in the bank when you die will help them, a lot.) My grandfather did the second. (Trust me, considering my grandfather's estate she had it easy.) My father did the first. (Although in his case it probably wasn't deliberately hostile. He was a good scientist and engineer but basic business and legal affairs he just never could understand. Like actually opening the letters from the IRS.)

[dday]

You forgot "Moriarty!" Xmas is for kids, and with none and not being married at the moment, it's kind of meaningless. Parties are fun etc but at the end of the day...

Good thing I'm an uncle 15 times over. One great niece. Most live thousands of miles away though.

Volunteer for children's and men's shelters though. I supply and cook a mean Xmas pig out...turkey, ham, lamb, tourtierre, all the fixin's. Used to do it at the tavern for all the older timer's in my bar's neighborhood AND another one for my friends with no family plansat my place. Loads of work but tons of enjoyment.

Good for you Ron, Sheahed of Good Hope must luv ya!
Gosh, I got to meet ya at ur bar over the holiday, just recovery from back surgery. Dam, lot of hot nures at the Civic! Going there Monday for back check-up [:)]

[2ndACR]

ORIGINAL: Hornblower

Ahmen to that. Mrs H is planning on going out and shopping or Christmas gifts tomorrow with her girlfriend. Odd thing is that everone is already bought for. I feel that i should be afraid, very afraid....

Do not let her go with credit cards or check book and you will have nothing to fear. Of course the reaction you get when you "disarm" her will not be pretty.[X(]

My GF does the "everybody and their mother gets a gift" routine. Most give what I call 10 dollar trinkets. But does she, NNNOOOOOOOOO!!!!!! That would be cheap and mean (her words, mine are more along the lines of "screw'em"). Her sister's kids got an average of 100.00 spent on each of them. And that is for all 3 of her sisters kids. 9 kids total.

Drives me crazy.

[Ron Saueracker]

ORIGINAL: dday

You forgot "Moriarty!" Xmas is for kids, and with none and not being married at the moment, it's kind of meaningless. Parties are fun etc but at the end of the day...

Good thing I'm an uncle 15 times over. One great niece. Most live thousands of miles away though.

Volunteer for children's and men's shelters though. I supply and cook a mean Xmas pig out...turkey, ham, lamb, tourtierre, all the fixin's. Used to do it at the tavern for all the older timer's in my bar's neighborhood AND another one for my friends with no family plansat my place. Loads of work but tons of enjoyment.

Good for you Ron, Sheahed of Good Hope must luv ya!
Gosh, I got to meet ya at ur bar over the holiday, just recovery from back surgery. Dam, lot of hot nures at the Civic! Going there Monday for back check-up [:)]

I'm in the process of either selling my third of the business or buying out my other two partners. I'm completely Pee'd off with their completely facked sense of business acumen. One guy has become an egotistic, paranoid coke addict who does not believe liquor sales are the priority in a bar business...his taste in music is!(?WTF???) The other,while educated up the hilt as a high level money manager does not understand that you can only count beans if they enter the premises and go in the til. Can ya tell heisanupperlevel civilservant?[8|] The fact that he is also a fence sitter has left the addict and I at an impasse and me having had to spend months abroad for family duties and a few months off for health reasons the last few years, the addict has gradually changed the place around his warped view of things and our sales have dropped by 25-30%. And they still don't get it...either they are stupid or proud. Same result.

Anyway,the place is no longer reflective of my views and I want out or control. It even really looks like a dump now. Good thing students are a big part of our nighttime..they don't really give a crap outside of not getting ripped off. It mightevenbe toolate to turn around given the damage done and how it usually takes twice as long to fix as to break.

Might take a job in Port Moresby of all places after I sell my interest. $75,000 AUS/year running a hotel (food and beverage). Hell, I'm single, have relatives in Brisbane. I'm leaning towards this.

[Pustov]

BTW... Merry Christmas to all....and have a happy WITP time.

Matrix Rocks[:)]

[rtrapasso]

It just happens that the value of the estate is affected by what he did in 1988. So the estate has to pay the IRS.

Cheez - I thought the statute of limitations for this stuff was 7 years.

[dtravel]

ORIGINAL: rtrapasso

It just happens that the value of the estate is affected by what he did in 1988. So the estate has to pay the IRS.

Cheez - I thought the statute of limitations for this stuff was 7 years.

For personal income taxes, yes. (Although I was told 5 years statute of limitations.) Estate and inheritance taxes aren't the same and follow different rules. Also, he only died a couple of years ago and the "timer" for statute of limitations gets set at time of death, I believe.

[rtrapasso]

Cheez - I thought the statute of limitations for this stuff was 7 years.

For personal income taxes, yes. (Although I was told 5 years statute of limitations.) Estate and inheritance taxes aren't the same and follow different rules. Also, he only died a couple of years ago and the "timer" for statute of limitations gets set at time of death, I believe.

I guess they say that the computations made in 1988 were incorrect, thus changing the increase in value of the investment or whatever made at the time of death.

I won't comment about the IRS further
[:@]

[mlees]

It still smells fishy from here. Setting the statute date from wherever they please, and such.

Makes me think that there must be some petty beauracrat who thinks too highly of himself pushing people around, knowing they won't fight back.[:@]
The major corporations have a regiment of lawyers standing by to fight off these attacks, thats why the IRS has stated that they will concentrate on "the little guy".

[dtravel]

I honestly don't know what the IRS is telling my mother. My grandfather began actions intended to reduce the tax liability on his estate way back in the mid-'80s. (Fatalistic old bugger, he'd been getting ready and threatening to die on us for at least fifteen years before he actually did. [:(]) One of those was to basically give his share of ownership in some land in Louisiana to my mother, my sister and myself. (I've never seen the land, since I live near San Francisco, and the ownership percentages on this rice farm had gotten a bit scattered, since it had been getting passed from one generation to the next for at least 150 years now. There's a whole 'nother story about how that got "simplified".) All I know is that the IRS is claiming some taxes are due on that. It gets tied to his estate because that's where the money has to come from and it was done as part of his estate planning. She's already talked to the Guthrie brothers (one's a CPA, the other a lawyer, been dealing with my family for at least twenty-five years now, they have my sympathies) and they've confirmed that it is a "legitimate" debt.

*sigh* Can you blame me for not wanting to know more? [>:]

[madflava13]

Get a good tax lawyer and go after them... You can probably win if you have decent representation and someone who knows the law. Lots of times the IRS rolls over when someone puts up a fight and knows what they're doing...

[dtravel]

ORIGINAL: madflava13

Get a good tax lawyer and go after them... You can probably win if you have decent representation and someone who knows the law. Lots of times the IRS rolls over when someone puts up a fight and knows what they're doing...

Not my decision to make. And as I said, she already has talked with a lawyer.

[rhondabrwn]

ORIGINAL: mlees

It still smells fishy from here. Setting the statute date from wherever they please, and such.

Makes me think that there must be some petty beauracrat who thinks too highly of himself pushing people around, knowing they won't fight back.[:@]
The major corporations have a regiment of lawyers standing by to fight off these attacks, thats why the IRS has stated that they will concentrate on "the little guy".

It still smells fishy from here. Setting the statute date from wherever they please, and such.

Makes me think that there must be some petty beauracrat who thinks too highly of himself pushing people around, knowing they won't fight back.
The major corporations have a regiment of lawyers standing by to fight off these attacks, thats why the IRS has stated that they will concentrate on "the little guy"

Amen to that! In all my years as a business owner, taking every possible deduction, I never was audited. Now that I'm a poor student and single mom, earning poverty level wages and taking the Earned Income Credit, I've been audited twice! My refunds have been held up when I desperately needed the money.

Pick on the poor and defenseless? Yep, that's the policy... while letting millionaires get away with murder because they can fight back in the courts. People like me have no chance of hiring a tax lawyer and fighting arbitrary decisions.

Oh well, brighter days are ahead, I'm sure.

Happy Holidays everybody!

[Ron Saueracker]

ORIGINAL: rhondabrwn

ORIGINAL: mlees

It still smells fishy from here. Setting the statute date from wherever they please, and such.

Makes me think that there must be some petty beauracrat who thinks too highly of himself pushing people around, knowing they won't fight back.[:@]
The major corporations have a regiment of lawyers standing by to fight off these attacks, thats why the IRS has stated that they will concentrate on "the little guy".

It still smells fishy from here. Setting the statute date from wherever they please, and such.

Makes me think that there must be some petty beauracrat who thinks too highly of himself pushing people around, knowing they won't fight back.
The major corporations have a regiment of lawyers standing by to fight off these attacks, thats why the IRS has stated that they will concentrate on "the little guy"

Amen to that! In all my years as a business owner, taking every possible deduction, I never was audited. Now that I'm a poor student and single mom, earning poverty level wages and taking the Earned Income Credit, I've been audited twice! My refunds have been held up when I desperately needed the money.

Pick on the poor and defenseless? Yep, that's the policy... while letting millionaires get away with murder because they can fight back in the courts. People like me have no chance of hiring a tax lawyer and fighting arbitrary decisions.

Oh well, brighter days are ahead, I'm sure.

Happy Holidays everybody!

3 audits in ten years of business here. But hey, that's Canada. We have more taxes and are basically a second world economy with a first world perception of itself and rampant consumerism. If the government did not rape everyone at every level, how could the beauracracy sustain itself? Oh, yeah...I feel another audit coming.

My second audit was fun. I was ready for 'em. I asked the GST auditor if they ever let ya know if the auditor shows the government tax office was wrong. She said never happened yet to her knowledge. I said get ready. She cut us a check for 8000.00. (they wanted to take it off our taxes but I said, why not do it the way ya stick it to small business?..I want it all now.)[:)]

[freeboy]

Soon Canada will rename itself the peoples republic and suspend elections and all parties, forming one socialistic party and imprisoning anyone who criticises the state !.. ok maybe that is too much [&o]

[2ndACR]

Audits are fun. I acually enjoy them. I love the look on the auditor's face when he realizes that I paid taxes when I could have claimed a loss.[:D]

Just sucks the wind out of their sail when someone who could have taken a 26,000.00 loss claims a 1500.00 profit instead. Just ruins their whole day.

[Ron Saueracker]

ORIGINAL: 2ndACR

Audits are fun. I acually enjoy them. I love the look on the auditor's face when he realizes that I paid taxes when I could have claimed a loss.[:D]

Just sucks the wind out of their sail when someone who could have taken a 26,000.00 loss claims a 1500.00 profit instead. Just ruins their whole day.

Yepper! That's the way to screw with them. Then simply make it up over time. Let the DEA know that a small yaght loaded with coke is entering Miami harbor to grab their attention and make them feel good while three freighters of the stuff is unloading at Mobile. Gotta "spend" money to make money they say.

[afspret]

MERRY CHRISTMAS and a Happy New Year to all!!!

Until the day I die it will always be MERRY CHRISTMAS to me! [:-]So all those politically correct, bleeding heart liberal, rich Hollywood elite can kiss my gludious maximus (aka the back of my front)![:-]

p.s. It won't be the same without the ageless one (Dick Clark) counting down from Times Square this year.[:(]

[Ron Saueracker]

ORIGINAL: afspret

MERRY CHRISTMAS and a Happy New Year to all!!!

Until the day I die it will always be MERRY CHRISTMAS to me! [:-]So all those politically correct, bleeding heart liberal, rich Hollywood elite can kiss my gludious maximus (aka the back of my front)![:-]

p.s. It won't be the same without the ageless one (Dick Clark) counting down from Times Square this year.[:(]

Dick Clark died? He was only in his 30's! he was OK.