Jayruss

We are in Breck here snow is BAD __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

Your analogy assumes you have everything in cash this is very unusual in an estate. More than likely your estate is valued with assets which have built in gains which have NOT been taxed such as a house you paid 250k for which is now worth 750k or highly appreciated stock. More than likely the true value of your estate isn't cash you've earned but a happen stance of timing with respect to the appreciation of assets. If you were really that concerned with respect to your heirs you would have either died in a down economy or in 2010. __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

Why isn't the dog fixed? It would solve a lot more problems. __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

that wasn't even worth watching to the end __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

As a CPA my first question would be, who placed the values on each of these items? You may feel your houseboat is worth only $6999 and be willing to give it up for that price however, the actual value of the exchange my differ. The IRS is seeing this a lot right now, we have people giving away "toys" for nothing because they need the cash. What you are willing to trade an item for isn't its value. So the first thing I would do to audit this exchange is pull third party prices for each item. Any kind of boat trader or bike trader service should provide a reasonable basis for the prices. On a side note, in most states sales tax would be due for the full sales price of $6,999. __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

see bottom of page __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

My Dad went to the next big adventure April 27, 2010 FUCK CANCER! __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

My personal assistant is a former gay porn star __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

if you worked in the family business then presumably you would have been paid at the time. or if you had earned it you would have transferred ownership via stock transfers while the elder family member was alive avoiding inheritance. __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

No its alive and well, see California and prop 8 as a shining example __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

Don't knock it tell you've tried it __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

I did __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

I think Scott Smith was the man in this case clicky __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

were you willing to pay for it in the past administration? Laura and Hillary got the same treatment __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes

No everyone who loses their house is not an idiot, but they were a gambler. See, anyone who signs up for a 30 year mortgage is assuming they will be employed for 30 years. So if they lose their house because they can't fulfill that assumption, I believe they have gambled and lost. Does that mean other taxpayers should bail them out more now than all those other "gamblers" over the past 50 years? __________________________________________________ "Beware how you take away hope from another human being." -Oliver Wendell Holmes