Artest sister's fraud

RaePingYu · Post #1 » by **RaePingYu** » 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?

DEEP3CL · Post #2 » by **DEEP3CL** » Fri Nov 27, 2009 7:28 am

Just another case of people reaching way too far and coming up with nothing. So what if Ron was giving his sister money............he did nothing wrong.

Post #3 » by **dockingsched** » Fri Nov 27, 2009 7:32 am

Nothing wrong with giving a sibling money. Title editted to reflect truth.

Magicontinues · Post #4 » by **Magicontinues** » Fri Nov 27, 2009 11:44 am

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.

kevin_405 · Post #5 » by **kevin_405** » Fri Nov 27, 2009 3:25 pm

Unless someone can prove Ron asked her to go on welfare while doling out money Ron will not have any trouble..

Giving someone money is not a crime, the criminal will be the one getting the money and not claiming on ur tax statements while still claiming welfare..

Ron's sister will be in soup though..

Tax laws are pretty garbage..

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.

TonyMontana · Post #6 » by **TonyMontana** » Fri Nov 27, 2009 5:10 pm

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.

Please explain how Rons going to get in trouble for this?

I loveeeeeee to hear this.

DEEP3CL · Post #7 » by **DEEP3CL** » Fri Nov 27, 2009 5:11 pm

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,

That's the worst case scenario.

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.

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: 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.

Agree 100%. But I'm guessing it's a reason he hasn't done that already..............she'll gravy train forever after that.

Post #8 » by **LLcoleJ** » Fri Nov 27, 2009 8:14 pm

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.

Post #9 » by **snaquille oatmeal** » Fri Nov 27, 2009 10:01 pm

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.

Magicontinues · Post #10 » by **Magicontinues** » Fri Nov 27, 2009 10:58 pm

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.

Uhh, yes there is if there is an attempt to get around benefits that she is on.

TonyMontana · Post #11 » by **TonyMontana** » Fri Nov 27, 2009 11:02 pm

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 :lol:

AT ALL THE HATERS.

Post #12 » by **snaquille oatmeal** » Sat Nov 28, 2009 12:24 am

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 AT ALL THE HATERS.

you are right, I should have added that to my original post.

Hunter103 · Post #13 » by **Hunter103** » Sat Nov 28, 2009 2:23 am

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 · Post #14 » by **TonyMontana** » Sat Nov 28, 2009 9:58 pm

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.

Hunter Im sorry brah, your incorrect.

First of all its 10,000.00 in ONE YEAR.
Second Ron doesnt have to report it if he chooses not to.
Third Artest's sister on the other hand DOES have to report it because it is considered an income.
Fourth Artest sister ONLY has to report it to IRS and noone else.

Magicontinues · Post #15 » by **Magicontinues** » Sun Nov 29, 2009 12:06 am

To those who don't think a man whos' probably made close to 70- to 80 million in his career is only giving a sister 10K a year are niave.

And it certainly could get Ron in trouble if they find out he was

A. Doing it to get around the state government who is paying for benefits for her.
B. Giving unreported amounts larger than 10K and not reporting it.

Don't be niave people, Will it happen? (any investigation or prosecution?) Not sure, but is this a possiblity? Sure it is. No hate, just common sense.

Tommy Trojan · Post #16 » by **Tommy Trojan** » Sun Nov 29, 2009 1:25 am

I don’t think Artest will have any legal issues. But, the sister should feel ashamed of herself. It’s people like that that screw our welfare system up.

I have to disagree with you Tony, if she is receiving government assistance she has an obligation to report any extra income. I know this because I interned with a “Gov position” and I was doing auditing. So I would look for “extra income” and such.

Hunter103 · Post #17 » by **Hunter103** » Sun Nov 29, 2009 1:29 am

TonyMontana wrote:Hunter Im sorry brah, your incorrect.

I'm an accounting major, but income tax isn't my specialty. I did have to take the class a couple years ago, but tax law changes every year, so I went to the source. http://www.irs.gov/businesses/small/article/0,,id=164872,00.html This isn't a knock at you or anyone else, I'm just expected to know these things and when I don't it bugs me. For the record, I was wrong about a lot of things.

TonyMontana wrote:First of all its 10,000.00 in ONE YEAR.

When I took the class the limit was $10K/year, but it goes up every 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.

So it's all the way up to $13K this year.

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.

One of them has to pay tax on the gift (after the first $13K), but without knowing their arrangement, it could be either one.

TonyMontana wrote:Third Artest's sister on the other hand DOES have to report it because it is considered an income.

I got this one flat out wrong. She only doesn't have to report the exclusion (the first $13K). After that she has to report it in her gross income.

TonyMontana wrote:Fourth Artest sister ONLY has to report it to IRS and noone else.

I was speculating about the welfare office requirements, I fully admit to having no knowledge of how they do things, and I'm too lazy to go looking for it :oops:

Still, what I was trying to say was that Ron should be in the clear in all this. But that's my (unprofessional) opinion based on last year's tax law. So take this all with a grain of salt.

Post #18 » by **LLcoleJ** » Sun Nov 29, 2009 3:43 am

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 · Post #19 » by **Magicontinues** » Sun Nov 29, 2009 5:02 am

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" :lol:

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. :talkhand:

Post #20 » by **LLcoleJ** » Sun Nov 29, 2009 3:39 pm

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.

I am not going to go back and forth with you about this.( because clearly you missed my point ) But please understand this. If you cannot communicate with people without being insulting the ramifications for you won't end well.