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Good people...
 
Latiosmaster47  posted on Nov 23, 2013 1:43:18 PM - Report post

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quote:
originally posted by Toki

quote:
originally posted by LoopDaLoop

quote:
originally posted by Mirraluka

for me I have always said people who lose large amounts of CASH do not deserve to get it back, Why because they could afford to lose it in the first place.

I agree. $100.000 and you forget about them? Really?

I would have bought myself a new PC, paid for drivers ed, bought a new car etc.

What about that sex change. You always wanted?

Link

 
latios_power  posted on Nov 25, 2013 9:20:41 AM - Report post

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Let's say he didn't "forget" the money there. Let's say he dropped the same amount "as weird as that might be lol dropping"
I will only decide what I would do when it actually happens to me. That's when my angels and devils start to fight. Who knows? I might give it back. I might keep it. I don't honestly know.

[Edited by latios_power, 11/25/2013 1:26:32 PM]

 
Dhampy  posted on Nov 26, 2013 11:05:43 PM - Report post

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quote:
originally posted by forty-two

I'd give (most of) it back. I might keep a little for myself. But I'd rather not have an extra 100k in my house when the IRS comes knocking.

If you don't report it and if you keep it in cash, 100k really isn't enough for the IRS to notice you spending.

You have to get their attention for something else before they'd even have any idea.

You'd get caught mostly if you claim tax credits for things your claimed income implies you can't afford.

IE: you buy a car with a good CAFE rating and claim the tax credit on it and don't claim enough income to be able to afford it.

Avoid buying a house, keep it quiet, and you'll be fine.

On the other hand, you turn it in. Because it's the ethical thing to do.

 
ServiusTheBear  posted on Nov 27, 2013 3:24:58 AM - Report post

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quote:
originally posted by Dhampy

quote:
originally posted by forty-two

I'd give (most of) it back. I might keep a little for myself. But I'd rather not have an extra 100k in my house when the IRS comes knocking.

If you don't report it and if you keep it in cash, 100k really isn't enough for the IRS to notice you spending.

You have to get their attention for something else before they'd even have any idea.

You'd get caught mostly if you claim tax credits for things your claimed income implies you can't afford.

IE: you buy a car with a good CAFE rating and claim the tax credit on it and don't claim enough income to be able to afford it.

Avoid buying a house, keep it quiet, and you'll be fine.

On the other hand, you turn it in. Because it's the ethical thing to do.

I know here there is a limit of about 10k you can put in your bank without drawing notice

 
Vonfuzzball  posted on Nov 27, 2013 9:46:58 AM - Report post

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Couldn't you claim you won it in Vegas or something?
 
ServiusTheBear  posted on Nov 27, 2013 10:02:04 AM - Report post

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Usually you get given cheques for those large amounts.
 
AdmiralAckbar  posted on Nov 27, 2013 10:18:27 AM - Report post

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I ofc would be stuck in a conundrum for a bit, but I'd return it after all. If I had lost 100k$ (yeah sure, whatever) I'd like it returned.

BUT DAYUUUUUUUUUM 100k $! Good thing the couple were an honest one.

 
Dhampy  posted on Nov 27, 2013 11:02:52 AM - Report post

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quote:
originally posted by Vonfuzzball

Couldn't you claim you won it in Vegas or something?

Casinos are required report when people win over $500.

And you have to pay tax on it.

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