Need advice on gifting a large amount of money (Bankers, CPA, CFO, etc needed plz)

ASBSECU E93 · 07-26-2016, 04:12 PM

Cash only, right? Merchandise isn't included in the gift calculation...? Or so I recall.

Or - the immediate family could claim the jackpot all together

ASBSECU E93 · 07-26-2016, 04:13 PM

Biorin - sorry, 'm' represents ',000' in commerical bank talk...

F87LUV · 07-26-2016, 04:13 PM

Quote:

Originally Posted by Biorin

Quote:

Originally Posted by ASBSECU E93

Yea - F87LUV, that Big Brain status is now in jeopardy

Separate account with only the $100m funds, joint between the 2 specified account holders.

To further safe guard the larger account - the account would be housed in a completely different FI, so the larger could not 'accidentally' be accessed....

$100m, now we talkin'.

Technically, we should use MM for million but I'm just lazy. Lol. That extra M is killer.

ASBSECU E93 · 07-26-2016, 04:14 PM

^correct

'mm' = the 2 comma club

Biorin · 07-26-2016, 04:21 PM

Quote:

Originally Posted by ASBSECU E93

^correct

'mm' = the 2 comma club

A girl can dream...

Axius · 07-26-2016, 04:21 PM

Hi, I would like the sum of $50k transfered to my Persian prince account, in return I will give you $1m (errr 1mm per the smarty pants finance clan).

BeastMode335i · 07-26-2016, 04:22 PM

lmao thank you all for the comedy, and also thank you veryyyy much for the input on the actual gift tax law..

I suppose I should have stated that I was requesting input from my bimmer bro's and bimmer females considering a few of yall chimed in too lol..!

BeastMode335i · 07-26-2016, 04:28 PM

Quote:

Originally Posted by bimmette

Just putting it out there that I need LCI tail lights if you're feeling generous

Oh Tara you know I just may have some LCI tail lights on your Christmas list this year lmao..! I'll even sign the gift wrap as

(From: Shane "the one who didn't realize you were TvTara for almost two years")

bimmette · 07-26-2016, 04:37 PM

Quote:

Originally Posted by BeastMode335i

Quote:

Originally Posted by bimmette

Just putting it out there that I need LCI tail lights if you're feeling generous

Oh Tara you know I just may have some LCI tail lights on your Christmas list this year lmao..! I'll even sign the gift wrap as

(From: Shane "the one who didn't realize you were TvTara for almost two years")

F87LUV · 07-26-2016, 04:42 PM

Quote:

Originally Posted by BeastMode335i

lmao thank you all for the comedy, and also thank you veryyyy much for the input on the actual gift tax law..

I suppose I should have stated that I was requesting input from my bimmer bro's and bimmer females considering a few of yall chimed in too lol..!

Also, since partners bill out $500+ an hour. I'll be expecting a set of 90mm exhaust tips in titanium finish. Kthxbai.

F87LUV · 07-26-2016, 04:44 PM

Quote:

Originally Posted by ASBSECU E93

Cash only, right? Merchandise isn't included in the gift calculation...? Or so I recall.

Or - the immediate family could claim the jackpot all together

It's not necessarily just cash. It's any property valued at that dollar amount or more. Art, jewelry, cars, etc.

Biorin · 07-26-2016, 04:46 PM

Quote:

Originally Posted by F87LUV

Also, since partners bill out $500+ an hour. I'll be expecting a set of 90mm exhaust tips in titanium finish. Kthxbai.

Make it two sets, please. Maybe we can get a group discount going?

shoei · 07-26-2016, 04:47 PM

I has to recheck the tread to see if this was the gold diggers thread...

But alas.. Such is the state of the world...

jtodd_fl · 07-26-2016, 04:47 PM

Quote:

Originally Posted by Biorin

Make it two sets, please. Maybe we can get a group discount going?

I'm in.... anything to help OP save money while buying us all stuff.

ASBSECU E93 · 07-26-2016, 04:52 PM

Quote:

Originally Posted by F87LUV

Quote:

Originally Posted by ASBSECU E93

Cash only, right? Merchandise isn't included in the gift calculation...? Or so I recall.

Or - the immediate family could claim the jackpot all together

It's not necessarily just cash. It's any property valued at that dollar amount or more. Art, jewelry, cars, etc.

I'm sure you and Big Brain #1 are right.

I just write 2 comma checks, I don't get to spend 2 comma checks

BeastMode335i · 07-26-2016, 04:53 PM

Haha "Shane's Group Buy X-Mas List" coming to a theater near you..!

F87LUV · 07-26-2016, 04:55 PM

Quote:

Originally Posted by shoei

I has to recheck the tread to see if this was the gold diggers thread...

But alas.. Such is the state of the world...

Yeah because we didn't help him out or anything. Perhaps, you can dial it down to being an ass 95% of the time instead of 100%.

shoei · 07-26-2016, 04:56 PM

Quote:

Originally Posted by BeastMode335i

Haha "Shane's Group Buy X-Mas List" coming to a theater near you..!

Probably won't need to worry about that 100K much... It's probably gonna be gone before you receive it at this rate lol...

csu87 · 07-26-2016, 10:13 PM

Quote:

Originally Posted by Zugzwang

I would gift ten grand only to all family members. Anybody that bad mouths me for being some kind of cheap assed p.o.s. gets to keep their ten grand. Those that thank me get another 50 grand. Those that spend that 50 on trips n Coke n boats n hoes get nothing more. Those that invest smartly get another 50.

Wise path? Possibly.

Buddy. Take that hundred grand and put it to work. Don't get that loaded 7 series.

I think you have that part backwards?

unless they dont invite you. Then, fuck em

te37 · 07-26-2016, 10:16 PM

About to subscribe to your new m3 build thread lol

John 070 · 07-27-2016, 07:43 AM

Tell your family member to be careful if they plan on using Twin Scroll Turbo Tax. I had to do an amended return for 2013 thanks to them

jtodd_fl · 07-27-2016, 07:54 AM

Quote:

Originally Posted by John 070

Tell your family member to be careful if they plan on using Twin Scroll Turbo Tax. I had to do an amended return for 2013 thanks to them

Turbo tax definitely fades at the top end.

*bah dum tss*

07-26-2016, 04:21 PM	#28
Axius Banned 4205 Rep 216 Posts Drives: 612 Scaglietti Join Date: Sep 2015 Location: Watch Me NayNay iTrader: (0)	Hi, I would like the sum of $50k transfered to my Persian prince account, in return I will give you $1m (errr 1mm per the smarty pants finance clan).
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07-26-2016, 04:22 PM	#29
BeastMode335i Maximus Decimus Meridius 1180 Rep 4,657 Posts Drives: F30 335i Join Date: Apr 2014 Location: Down South iTrader: (2)	lmao thank you all for the comedy, and also thank you veryyyy much for the input on the actual gift tax law.. I suppose I should have stated that I was requesting input from my bimmer bro's and bimmer females considering a few of yall chimed in too lol..! __________________ F30 335i Melbourne Red Metallic M-Sport Package
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07-26-2016, 04:47 PM	#35
shoei Banned 7778 Rep 2,601 Posts Drives: MW Vespa w/pink racing stripes Join Date: Nov 2007 Location: Peeing in your garden iTrader: (3)	I has to recheck the tread to see if this was the gold diggers thread... But alas.. Such is the state of the world... Attached Images
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07-26-2016, 04:53 PM	#38
BeastMode335i Maximus Decimus Meridius 1180 Rep 4,657 Posts Drives: F30 335i Join Date: Apr 2014 Location: Down South iTrader: (2)	Haha "Shane's Group Buy X-Mas List" coming to a theater near you..! __________________ F30 335i Melbourne Red Metallic M-Sport Package
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07-26-2016, 10:16 PM	#42
te37 Major 549 Rep 1,131 Posts Drives: F80 SS/SO 6MT Join Date: Jun 2013 Location: ATL iTrader: (3)	About to subscribe to your new m3 build thread lol
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07-27-2016, 07:43 AM	#43
John 070 Lieutenant General 1731 Rep 14,825 Posts Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW iTrader: (0)	Tell your family member to be careful if they plan on using Twin Scroll Turbo Tax. I had to do an amended return for 2013 thanks to them
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