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  #7  
Old 09-11-2004, 02:45 AM
Harlan Lunsford
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Default Re: A twist on the wedding question

Stuart Bronstein wrote:
- quote -

> Bruce Raskin CPA wrote:

> > > This has been discussed back and forth but we have a twist
> > > on the usual. The client's daughter signed the contracts for
> > > the caterer, etc. The client is the one who paid.
> > > > > So, the question remains. Is this a gift to the daughter &
> > > son-in-law? And yes, the total paid in the years exceeds
> > > $44,000.


> > I don't think so. Usually, the parent pays for the wedding,
> > unless they can get out of it.
> > > I can't think of how it would be a gift.


> The last time this came up someone proposed treating it as a
> gift to all of the guests rather than to the couple
> marrying. Seems reasonable to me.


Well, I still think for gift tax purposes it is a gift
subject to reporting in view of the 11,000 times ever how
many parties involved.

Also since it is a gift, the girl has the money and has
provided that to her own support for the year and therefore
is not part of parents' support.

ChEAr$,
Harlan Lunsford, EA n LA

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  #6  
Old 09-06-2004, 07:28 PM
Phoebe Roberts, EA
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Default Re: A twist on the wedding question

Stuart Bronstein wrote:

- quote -

> The last time this came up someone proposed treating it as a
> gift to all of the guests rather than to the couple
> marrying. Seems reasonable to me.


It's considered support for determining who provided enough
support to claim the recipient as a dependent, if that
helps.

Phoebe

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  #5  
Old 09-01-2004, 11:01 PM
Stuart Bronstein
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Default Re: A twist on the wedding question

Bruce Raskin CPA wrote:

- quote -

> > This has been discussed back and forth but we have a twist
> > on the usual. The client's daughter signed the contracts for
> > the caterer, etc. The client is the one who paid.
> > > So, the question remains. Is this a gift to the daughter &

> > son-in-law? And yes, the total paid in the years exceeds
> > $44,000.


> I don't think so. Usually, the parent pays for the wedding,
> unless they can get out of it.
> I can't think of how it would be a gift.


The last time this came up someone proposed treating it as a
gift to all of the guests rather than to the couple
marrying. Seems reasonable to me.

Stu

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  #4  
Old 09-01-2004, 09:45 PM
Stuart Bronstein
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Default Re: A twist on the wedding question

Bruce Raskin CPA wrote:

- quote -

> > This has been discussed back and forth but we have a twist
> > on the usual. The client's daughter signed the contracts for
> > the caterer, etc. The client is the one who paid.
> > > So, the question remains. Is this a gift to the daughter &

> > son-in-law? And yes, the total paid in the years exceeds
> > $44,000.


> I don't think so. Usually, the parent pays for the wedding,
> unless they can get out of it.
> I can't think of how it would be a gift.


The last time this came up someone proposed treating it as a
gift to all of the guests rather than to the couple
marrying. Seems reasonable to me.

Stu

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  #3  
Old 08-27-2004, 11:04 PM
Bruce Raskin CPA
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Default Re: A twist on the wedding question

- quote -

> This has been discussed back and forth but we have a twist
> on the usual. The client's daughter signed the contracts for
> the caterer, etc. The client is the one who paid.
> So, the question remains. Is this a gift to the daughter &
> son-in-law? And yes, the total paid in the years exceeds
> $44,000.


I don't think so. Usually, the parent pays for the wedding,
unless they can get out of it.

I can't think of how it would be a gift.

Bruce Raskin, CPA
Small Business and Individual Tax and Accounting Services

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  #2  
Old 08-27-2004, 11:04 PM
Herb Smith
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Default Re: A twist on the wedding question

Gary Goodman <XgaryXg7X[at]yahoo.com> wrote:

- quote -

> This has been discussed back and forth but we have a twist
> on the usual. The client's daughter signed the contracts for
> the caterer, etc. The client is the one who paid.
> So, the question remains. Is this a gift to the daughter &
> son-in-law? And yes, the total paid in the years exceeds
> $44,000.


Sounds like a gift to me. The daughter is responsible for
payment of the contracts, the client paid them on her
behalf.

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  #1  
Old 08-27-2004, 10:45 PM
Gene E. Utterback, EA
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Default Re: A twist on the wedding question

"Gary Goodman" <XgaryXg7X[at]yahoo.com> wrote:

- quote -

> This has been discussed back and forth but we have a twist
> on the usual. The client's daughter signed the contracts for
> the caterer, etc. The client is the one who paid.
> So, the question remains. Is this a gift to the daughter &
> son-in-law? And yes, the total paid in the years exceeds
> $44,000.


When my daughter gets married my wife and I have decided to
classify the expenses as Cost of Goods Sold!!!!!

Seriously, I wouldn't go anywhere near the gift tax issue on
this, but I may be wrong. I'd just consider it a
nondeductible party.

Gene E. Utterback, EA

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Old 08-27-2004, 10:45 PM
Phil Marti
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Posts: n/a
Default Re: A twist on the wedding question

Gary Goodman <XgaryXg7X[at]yahoo.com> writes:

- quote -

> This has been discussed back and forth but we have a twist
> on the usual. The client's daughter signed the contracts for
> the caterer, etc. The client is the one who paid.
> So, the question remains. Is this a gift to the daughter &
> son-in-law? And yes, the total paid in the years exceeds
> $44,000.


I say it's a party and the client is nuts to be paying that
much for a party, so give him a break, for God's sake.

Phil Marti
Topeka, KS

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  #-1  
Old 08-26-2004, 02:40 AM
Gary Goodman
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Posts: n/a
Default A twist on the wedding question

This has been discussed back and forth but we have a twist
on the usual. The client's daughter signed the contracts for
the caterer, etc. The client is the one who paid.

So, the question remains. Is this a gift to the daughter &
son-in-law? And yes, the total paid in the years exceeds
$44,000.

Gary

--
You can probably X figure out X which letters to X delete to derive my
email address X.

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