John Oliver and his million dollar offer to Clarence Thomas

[stollcpa]

yea, just the code of conduct they are all REQUIRED to follow. no biggie.

Have the supreme court found they broke the code of conduct?

 

[anon_mya1phvcpf5x4]

What case did Thomas make a ruling for Crow’s financial benefit?

why does it matter? Think Crow is buddies with him because Thomas is such an awesome fellow?

He wants a justice in his pocket.

 

[anon_mya1phvcpf5x4]

Have the supreme court found they broke the code of conduct?

You think the conservative majority is giving a shit?

They adopted a code of ethics but failed to include any enforcement

 

[stollcpa]

Actually mine was as well but there can be a requirement for the donee to pay the tax if unpaid, if you want to be accurate.

I agree. In over 40 years of practice, I’ve never seen this happen.

I did have something interesting happen regarding the IRS going after unpaid taxes. I had client on not-for-profit board. The organization didn’t pay payroll taxes. The IRS took the entire balance out of my client’s account. I don’t think he ever recovered the money from the entity or other board members.

An interesting issue here is whether allowing someone to ride along on your yacht is a taxable gift.

 

[stollcpa]

why does it matter? Think Crow is buddies with him because Thomas is such an awesome fellow?

He wants a justice in his pocket.

Amazing the truths you can come up with.

 

[anon_mya1phvcpf5x4]

Amazing the truths you can come up with.

amazing the bull shit defenses you have for slimeballs on your side of the aisle.

 

[TheOriginalHappyGoat]

I agree. In over 40 years of practice, I’ve never seen this happen.

I did have something interesting happen regarding the IRS going after unpaid taxes. I had client on not-for-profit board. The organization didn’t pay payroll taxes. The IRS took the entire balance out of my client’s account. I don’t think he ever recovered the money from the entity or other board members.

An interesting issue here is whether allowing someone to ride along on your yacht is a taxable gift.

We should also remember the only reason gifts are taxable is to prevent the use of gifts as a means to avoid estate tax. The IRS doesn't care about the value of a ride on a yacht. They care about the envelope of cash you give your children.

 

[stollcpa]

We should also remember the only reason gifts are taxable is to prevent the use of gifts as a means to avoid estate tax. The IRS doesn't care about the value of a ride on a yacht. They care about the envelope of cash you give your children.

Agree.

The reason for the annual exclusion is to prevent someone from giving away everything on their death bed.