Artest sister's fraud
Posted: Fri Nov 27, 2009 5:17 am
http://youbeenblinded.com/ron-artest-and-sister-accused-of-welfare-fraud/4702 so anyone know if hes in trouble or not?
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dcash4 wrote:Nothing wrong with giving a sibling money. Title editted to reflect truth.
Magicontinues wrote:dcash4 wrote:Nothing wrong with giving a sibling money. Title editted to reflect truth.
Uhhh, yes there is, if she's claiming no income, and getting tax payers money, and Ron knew this and still gave her money. She will have to pay it back, and Ron maybe get in some trouble, not sure his legal ramifications, but I could see if they could prove he knew she was on welfare him getting in some trouble. Not sure how much. Ron needs to buy her a nice little condo, and let her then be able to get a job that she doens't have many bills as the condo would be paid.
Magicontinues wrote:dcash4 wrote:Nothing wrong with giving a sibling money. Title editted to reflect truth.
Uhhh, yes there is, if she's claiming no income, and getting tax payers money, and Ron knew this and still gave her money. She will have to pay it back, and Ron maybe get in some trouble, not sure his legal ramifications, but I could see if they could prove he knew she was on welfare him getting in some trouble. Not sure how much. Ron needs to buy her a nice little condo, and let her then be able to get a job that she doens't have many bills as the condo would be paid.
That's the worst case scenario.Magicontinues wrote:Uhhh, yes there is, if she's claiming no income, and getting tax payers money, and Ron knew this and still gave her money. She will have to pay it back,
It's no damn way in hell they can prove he knew, unless they have a hell'va head doctor. I would hope some scum bag lawyer would use common sense and realize dude is a professional ball player. They can never prove that he knew.Magicontinues wrote: and Ron maybe get in some trouble, not sure his legal ramifications, but I could see if they could prove he knew she was on welfare him getting in some trouble. Not sure how much.
Agree 100%. But I'm guessing it's a reason he hasn't done that already..............she'll gravy train forever after that.Magicontinues wrote: Ron needs to buy her a nice little condo, and let her then be able to get a job that she doens't have many bills as the condo would be paid.
Magicontinues wrote:dcash4 wrote:Nothing wrong with giving a sibling money. Title editted to reflect truth.
Uhhh, yes there is, if she's claiming no income, and getting tax payers money, and Ron knew this and still gave her money. She will have to pay it back, and Ron maybe get in some trouble, not sure his legal ramifications, but I could see if they could prove he knew she was on welfare him getting in some trouble. Not sure how much. Ron needs to buy her a nice little condo, and let her then be able to get a job that she doens't have many bills as the condo would be paid.
Phil X wrote:Magicontinues wrote:dcash4 wrote:Nothing wrong with giving a sibling money. Title editted to reflect truth.
Uhhh, yes there is, if she's claiming no income, and getting tax payers money, and Ron knew this and still gave her money. She will have to pay it back, and Ron maybe get in some trouble, not sure his legal ramifications, but I could see if they could prove he knew she was on welfare him getting in some trouble. Not sure how much. Ron needs to buy her a nice little condo, and let her then be able to get a job that she doens't have many bills as the condo would be paid.
Uhh... Cash said there is nothing wrong with helping out a sibling. You must be an only child.
snaquille oatmeal wrote:there is nothing wrong with giving a sibling money until you give them more than 10 grand. anything greater than 10 grand the recipient (Ron's sister) has to report it as income. the person giving the gift (Ron in this case) has to report it as a gift to get a tax deduction credit (like a charity contribution). for Ron in this case the IRS would owe him money if he didn't report it, but there is a 3 year Statute of Limitations on tax issues.
you are right, I should have added that to my original post.TonyMontana wrote:snaquille oatmeal wrote:there is nothing wrong with giving a sibling money until you give them more than 10 grand. anything greater than 10 grand the recipient (Ron's sister) has to report it as income. the person giving the gift (Ron in this case) has to report it as a gift to get a tax deduction credit (like a charity contribution). for Ron in this case the IRS would owe him money if he didn't report it, but there is a 3 year Statute of Limitations on tax issues.
BINGOOOOOOOOOOOO ................ This is the money post right here, except Ron by law doesnt HAVE TO report anything. He can if he wants to write it off like you mentioned but he doesnt HAVE TO if he chooses not to.
SO they cant do ish to Ron, if anything his siters will get in trouble but no way is IRS going to waste their time and make this a legal issue since it will cost them more money to convict her than Im sure what she owes, so she will be fined with a heffty fine and guess who's going to pay for that?
RON IS and all this will be forgotten within a few days and all the Artest HATERS which we do have a couple of them in here can go and hold their baby breaths until some other B.S comes up for them to itch and complain about.
CAN I GET A![]()
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AT ALL THE HATERS.
Hunter103 wrote:Technically, if Ron gives his sister anything without expecting repayment or services in return, it's a gift and she doesn't need to report any of it as income to the IRS, no matter how much he gives her.
Ron, on the other hand, has to report anything over (I think this year) $12,000 he gives as gifts to any one person, and HE has to pay gift tax on it. There's nothing there that even implies that he didn't do this though, and I'm sure he has an accountant who can take care of all that stuff for him.
If anything, sister needed to report it on the welfare application and didn't. It's all on her.
TonyMontana wrote:Hunter Im sorry brah, your incorrect.
TonyMontana wrote:First of all its 10,000.00 in ONE YEAR.
The IRS wrote:How many annual exclusions are available?
The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, and $13,000 on or after January 1, 2009, the annual exclusion applies to each gift.
TonyMontana wrote:Second Ron doesnt have to report it if he chooses not to.
The IRS wrote:Who pays the gift tax?
The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
TonyMontana wrote:Third Artest's sister on the other hand DOES have to report it because it is considered an income.
TonyMontana wrote:Fourth Artest sister ONLY has to report it to IRS and noone else.
Magicontinues wrote:
Uhh, yes there is if there is an attempt to get around benefits that she is on.
Phil X wrote:Magicontinues wrote:
Uhh, yes there is if there is an attempt to get around benefits that she is on.
Well short of you being the IRS or the high-road police then , yes there is nothing wrong with helping out family. What ramifications come from it are between Artest family.
Magicontinues wrote:Phil X wrote:Magicontinues wrote:
Uhh, yes there is if there is an attempt to get around benefits that she is on.
Well short of you being the IRS or the high-road police then , yes there is nothing wrong with helping out family. What ramifications come from it are between Artest family.
Never said there was "something wrong with helping out family"![]()
Don't make up stuff that's not what I've said dufus.
What I said was there could be ramifications if it is found out he did it on the sligh to help her get around her welfare aide. Or he gave more than the 'gift" amount and didn't pay taxes. Which is all true, relax skippy, spelling out what "could" happen is not wrong, illegal, nor out of context on a blog.