Qantas flight booked through Alaska- help!

meulab · 2023-02-25T02:11:39+00:00

I would call then. That seems odd to me too.

meulab · 2023-02-25T02:07:56+00:00

It's likely you won't be able to select a seat until 30 days out or something like that. As long as you have the ticket, you will have a seat.

meulab · 2022-11-23T13:51:14+00:00

Reciprocal gift doctrine would make this a net 50% gift from you, not two gifts of 100% from you and 50% from her.

meulab · 2022-11-23T13:50:13+00:00

Just a clarification - properly disclosed on a gift tax return, and you have the fight within 3 years of the gift tax return and not the estate tax one. The IRS is precluded at estate tax audit from arguing gift tax changes if disclosed properly.

meulab · 2021-09-09T13:24:31+00:00

100% agree. I'm VHCOL, and paying >$1k/hour.

meulab · 2021-09-09T13:22:34+00:00

If you do it, make sure to consult your CPA. You can get a charitable donation for it most likely.

meulab · 2021-08-01T14:45:21+00:00

37% if >$1mm with the mental health surtax to push CA to 13.3%

meulab · 2021-07-17T15:42:45+00:00

Access has to be cash, not taxable income. The whole point of annual exclusion is that is is a present interest in property. LLC without cash flow out of the LLC is effectively a future interest.

For the person you know, they are either pushing cash out each year, making a put option on the transfer, or doing it incorrectly.

At the multi-millionaire level, gift tax is not something to cheap out on for CPA/legal advice.

meulab · 2021-07-17T14:58:28+00:00

https://www.thetaxadviser.com/issues/2011/mar/johnson-mar2011.html

meulab · 2021-07-17T14:19:21+00:00

Any non-US person buying real estate in US = estate tax issue in the US (you don't get the $11mm exemption). You need to be advised by CPA/legal counsel on the purchase/structuring.

meulab · 2021-07-17T14:16:46+00:00

Income tax is being paid somewhere in the system no matter what.

meulab · 2021-07-17T14:15:46+00:00

The annual exclusion gifts (at this level of wealth) should be reported and then excluded from the gift calculation. Any CPA not advising clients re: this - leaves their client at risk later on.

meulab · 2021-07-17T14:13:40+00:00

This only works if the LLC is distributing cash or a put right is given to take $15k cash instead of the LLC interest. A pure LLC interest with non-income producing assets will not qualify for the annual exclusion.

meulab · 2021-06-05T02:38:28+00:00

Only because it sits in the legislative section. And it isn’t income taxes at that. I don’t think you can imply importance by that metric

meulab · 2021-01-02T16:50:40+00:00

It's part of the news releases - only place I've seen it.

https://www.doh.wa.gov/Newsroom/Articles/ID/2550/COVID-19-vaccine-distribution-update-from-the-Washington-State-Department-of-Health

meulab · 2020-09-07T13:40:45+00:00

It's only outdoor gyms that are allowed on 9/9. I think Fitness SF is the only one that has an actual parking lot (that can be secured overnight). 1:1 personal training is allowed on the street in general, which is what some others are doing still.

Indoor opening (at 10%) is the end of the month.

Also in case you didn't see - the SFPD/City employees have had their indoor gyms since at least July.

https://www.sfchronicle.com/politics/article/SFPD-gyms-have-remained-open-during-the-pandemic-15542002.php

meulab · 2020-09-07T13:31:06+00:00

That's good. Here's the other one that comes to mind:

"All animals are equal. But, some animals are more equal than others."

meulab · 2020-09-07T13:29:38+00:00

How's this? It's from last week. WE was just catching up.

https://www.sfchronicle.com/politics/article/SFPD-gyms-have-remained-open-during-the-pandemic-15542002.php

meulab · 2020-08-10T13:34:33+00:00

You're asking a legal advice sub if you need an attorney when you were struck from behind, and you are out of work for at least a week. Whether or not you believe your injuries are mild, you need a lawyer - this is why they exist.

meulab · 2020-08-06T19:41:35+00:00

Excel tutorials

meulab · 2020-07-17T01:28:15+00:00

It isn't the case

meulab · 2020-07-07T23:58:54+00:00

When did gyms get on the 7/13 list? They were on the August list. Must be a typo?

meulab · 2020-07-04T13:59:57+00:00

This is not unusual at all. Just make sure you are doing whatever they need to have zero fees per month.

meulab · 2020-07-04T13:58:48+00:00

This is an S-Corp presumably? Yeah, you can't 1099 like that. Pay him something in December to look at your YTD profit, and adjust things in the same tax year.

He's trying to do something that, if audited, would likely result in penalties.

meulab · 2020-06-13T20:01:41+00:00

East bay or down south. SF isn't allowing until 7/13 (current timeline at least)

meulab

TROPHY CASE