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Old 03-29-2005, 11:30 PM
David Woods, EA, ChFC, CLU
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Default Re: Reward Money Taxable?

"William Brenner" <wjbjr[at]webtv.net> wrote:

- quote -

> Is the $70,000 in rewards given to the young woman in
> Atlanta taxable?


I know of no exemption for income from rewards.

- quote -

> If yes, I shall not propose marriage -- which might or might
> not please my current spouse.


I was more concerned with the impending divorce between
Jennifer and Brad myself.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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  #1  
Old 03-29-2005, 10:51 PM
Paul
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Default Re: Reward Money Taxable?

"William Brenner" <wjbjr[at]webtv.net> wrote

- quote -

> Is the $70,000 in rewards given to the young woman in
> Atlanta taxable?


Yes.

- quote -

> If yes, I shall not propose marriage -- which might or might
> not please my current spouse.


She'll (the current wife) will get more than $70K from you,
for sure.

--
Paul A. Thomas, CPA
Athens, Georgia

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Old 03-29-2005, 10:32 PM
Phil Marti
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Default Re: Reward Money Taxable?

"William Brenner" <wjbjr[at]webtv.net> wrote:

- quote -

> Is the $70,000 in rewards given to the young woman in
> Atlanta taxable?


Yes.

- quote -

> If yes, I shall not propose marriage -- which might or might
> not please my current spouse.


Probably a tossup for her <ducking
--
Phil Marti
Clarksburg, MD

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 03-27-2005, 11:01 AM
William Brenner
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Posts: n/a
Default Reward Money Taxable?

Is the $70,000 in rewards given to the young woman in
Atlanta taxable?

If yes, I shall not propose marriage -- which might or might
not please my current spouse.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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money, reward, taxable
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