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Showing content with the highest reputation on 10/26/2018 in Posts

  1. What frequently drives me nuts about the pubs is their choice of examples to illustrate a point. It's as though a group sits around and tries to think up the most exotic or unusual set of circumstances to explain how the law applies in a given situation. Meanwhile, an example intended to clarify a high-probability set of circumstances is nowhere to be found.
    4 points
  2. Well, since you are new here, that means that if you read the TOU for this site then you saw that we don't help the general public here. This is up to your accountant to come up with a working program or the paper forms. Topic is now locked.
    3 points
  3. Two points. 1. It's not a far drive. and 2. They exist to do it. I detest the pubs; try to find ANY simple piece of information.... blarg!
    2 points
  4. I fixed it, I think. Your response ended up inside the quote box because that's where the cursor was when you started to type. Just click outside the box before typing and this won't happen. Remember, you also have 5 minutes to edit your post.
    2 points
  5. First 7 posts below were moved from "State Tax Aggression that were
    1 point
  6. And no exemption for the child or spouse if they work for a corporation, partnership or estate/trust even if you control the entity EXCEPT if all the partners are parents of the child, then the partnership doesn't prevent the child from being exempt. They probably could make this more confusing if they tried. Maybe.
    1 point
  7. You have sushi shipped to you?!
    1 point
  8. We never buy lottery tickets, but we did buy ONE for each of the last two drawings. It was worth the six bucks because the dreaming was so much fun. Pay off the kids' mortgages, give one who's having a baby soon the option to quit work and stay home, see what the other one most wants, set one of their in-laws up for life in a continuing care community, build the other's in-laws their dream house, endow retirement and payroll plans for the staff of two local schools for children with emotional disorders so they can hire and keep the best workers, maybe build one or both a high school so they can serve older children. pay someone to clean my house every week, and of course hubby needs a car with a hemi and maybe a race car team. I cannot let down my loyal clients so will work at least one more tax season (did I just say that?) And first things first: Pay someone $50k or whatever it takes for their box seats in Boston to watch the Red Sox win!
    1 point
  9. It would be great to increase my giving. If it's important when I'm closer to poor, then it will be important if I were to become rich. My church, Appalachia Service Project, cancer research, the educational foundation of ADPi, and a few others. And, a fund for my granddaughter plus some for my sister whose health cut short her working years. And, hubby and son if their needs increase. If I didn't have to work, I'd be volunteering more, so more to that organization(s) whatever it might be. House repairs and enough savings to get us through all the medical issues beginning to arise (hip replacement 5 November, for instance). Probably some to Bridgeport University which gave me a free MBA in finance as the first Benton Fellow. The NY/CT-Association of Tax Professionals works to help accounting students explore tax preparation, attend our seminars, etc., so probably some to help the next generation of EAs. I could fly to Rita's and buy all the provisions for the next gathering (with the current jackpot, I could fly ALL of us to Rita's!) I don't think I would run out of ideas.
    1 point
  10. Good luck, @FDNY! I would step up my current giving to various missions, humanitarian groups (especially those working to rescue/rehabilitate trafficked girls in Asia and elsewhere), and churches. Veteran help groups. Some medical research organizations. I would also set up an active gifting program for my girls, in ways they can get to but with effort. For example, one step would be to fully fund their Roth IRA's every year. Basically, any group I would otherwise leave an amount to on my death, I'd rather give over time while I'm alive. That way, as organizations change, I can change my giving too. Which reminds me - @Eric is there a way to set up recurring donations to the forum?
    1 point
  11. Well, I never thought of this because I haven't bought a lottery ticket in ages, but after reading all your posts and all the good intentions I will buy a ticket. If I do win it is because of all of you. So since I know how to find you I will give to all those who posted here. I have a close family member with Parkinson's so a good amount of the money will go for research. Animal Rescues too. I will keep a large sum handy to help me with care giving because I know winter is coming. And oh yes, that one sibling....he gets 15K a year towards a house if at least 3,000 miles away. I'm not paying any gift tax so he gets off easy. Now I better go buy a ticket.
    1 point
  12. I'd hire someone on this board to do handle all of my taxes. One of the younger ones.
    1 point
  13. Depending on circumstances of the win, at least 20-25% will go to charity. The Family Foundation gets it, and then we distribute it. Rotary would get a nice chunk. I would spend some money on proper golf lessons, so I could go to great golf courses and not embarrass myself... My Wife would start a Horse Rescue operation. And ride a lot more. We would travel, and as my Wife and I discussed last night, stay there long enough to get bored and come back to the new house. I would probably go the "Net-Jets" route instead of First Class. We would set up Trust funds for the various family members. Let them buy new houses or pay off their existing ones with that money. I have that "sibling" that I want to keep at arms length. Really, in many respects, we would do what we are doing now.... only "more" of it. It would be a gift, and I would share. Rich .
    1 point
  14. I am going to fund an endowment for Boykin Spaniel Rescue with a portion of the proceeds. The rest is going into savings. I don't need a new car (my 2007 Volvo wagon is still going strong). My house is inherited and paid for. I will splurge on first class airfare when the situation calls for it (overseas flights for example). I will set up an annual gifting program to my sons, grandchildren, nieces and great niece and great nephew.
    1 point
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