klein
Für Meno :)
I like the sterilization a dishwasher produces, compared to hand-washing.
Mush hotter water, and stronger chemicals (soap).
Advice Needed
- Thread starter UpstateNYUPSer(Ret)
- Start date
I like the sterilization a dishwasher produces, compared to hand-washing.
Mush hotter water, and stronger chemicals (soap).
klein
Für Meno :)
That was not a shot towards anyone - just saying she had enough money and lots of it, but not everyone plans for the end... !
Now, you're just being an IDIOT !
dilligaf
IN VINO VERITAS
dilligaf
IN VINO VERITAS
And you didn't need to mention that she had money. It's nobodies business and you brought it up anyway. It was disrespectful.
P
pickup
Guest
You didn't need to add anything more than the fact that the cremation was not a money issue. You then went to take a shot at us.(than most of you are, indeed., not richer than you?? but most of us,, come on)
UpstateNYUPSer(Ret)
Well-Known Member
I found this on the IRS website:
If you don't feel comfortable with giving substantial gifts directly to your recipients, the IRS allows another avenue. You can, for example, pay someone's college tuition or medical expenses on a gift tax-exempt basis - as long as you write the check directly to the institution. This is generally considered a qualified transfer with no dollar limits.
If you don't feel comfortable with giving substantial gifts directly to your recipients, the IRS allows another avenue. You can, for example, pay someone's college tuition or medical expenses on a gift tax-exempt basis - as long as you write the check directly to the institution. This is generally considered a qualified transfer with no dollar limits.
cachsux
Wah
Knowing you it will be somewhere that you forgot you were not on the internet and you ran your mouth about someones inferiority to their face and they promptly beat your dumb ignorant ass to a pulp.
Anyway as Dave likes to say..........................
Enough of the Saturday morning tax quarterbacks. Obviously you need to speak to a pro. I'm sure there's more way to handle this idea than we know about and odds are it will be legal too. My thought was are you absolutely sure you want to live in that house for that length of time? Any itches to move around that come up might interfere with your intentions.
moreluck
golden ticket member
You know what happens to kids? Just when you are living kind of close, good old what's his name will get a job transfer to Pocatello, Idaho and they move away. You can't keep up with them, you just hope they keep coming home to visit.
Definitely talk to a tax person. You don't want your daughter to incur any additional taxes from a 'gift'.
Definitely talk to a tax person. You don't want your daughter to incur any additional taxes from a 'gift'.
Anonymous 10
Guest
I was just giving you a way to be the ruler of your world.
Anonymous 10
Guest
Don't be so hard on him he has special needs.
UpstateNYUPSer(Ret)
Well-Known Member
Add "time and place" to your Google search.
Anonymous 10
Guest
It is never to early to plan ahead for your life after big brown.
island1fox
Well-Known Member
dilligaf
IN VINO VERITAS
Upstate, if you give your daughter more than $13,000 per year you will probably run into the "gift tax." Since it's a rental property there are probably some tax implications for her too. You, and your daughter, would be smart to talk with an accountant before making any decisions.
When to File Gift Tax Forms - SmartMoney.com
cachsux
Wah
That is hilarious.......................
"Mama always said, Life is like a box of sperm candy. Say, you're not one of those heathen Americans are you?"
P
pickup
Guest
brownmonster
Man of Great Wisdom
I'm on the fence on this issue. Do you start giving the kids the money now when they are starting out or wait until you die? I'm thinking after putting 3 through college they can wait for the rest. Me and Ma have plans. Tough call. My wife talks big about being a snowbird but if grandkids come along I'll be shoveling the sidewalks on a duplex just like Upstate.
klein
Für Meno :)
Gee, wasn't it trinke and Islandfox complaining about Canadian taxes ?
We don't have gift taxes, or inheritance taxes, nor gambling (winning taxes) !
I was thinking you could just buy her house under your name, then leave it to your daughter in your Will, but you have that stupid inheritance tax, too.
Seems you can't escape taxes there, unless you are a Romney or some other super rich person !
We don't have gift taxes, or inheritance taxes, nor gambling (winning taxes) !
I was thinking you could just buy her house under your name, then leave it to your daughter in your Will, but you have that stupid inheritance tax, too.
Seems you can't escape taxes there, unless you are a Romney or some other super rich person !
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