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A call for help, to the members of this forum *now closed* Login/Join 
Member
posted Hide Post
quote:
Originally posted by David Lee:
quote:
Originally posted by 6guns:
Good morning, everyone. Thanks to all of you! This fund raiser was far more successful than I expected. I didn't receive any checks yesterday, but expect them to be coming in throughout this week. As I'd said early on, I'll deposit them on Jan 17th; the first opportunity I'll have to get to my bank. I'll post the total raised amount toward the end of the week. I will say, it's impressive.

Many have asked about mailing items to David. I've declined having them send items to me, except for one member. After that I realized it would be better to mail directly to David and hopefully he can provide a local address or at least someone near who can accept items for him.

I've also been asked questions I can't answer....such as what vehicle he should get. One member found a van from a mechanic friend for a decent price. It's not my place to say yay or nay on any of this. I'm a collector and distributor of funds. I have input just like everyone else, but I don't have the decision making power here. Collectively (I hate to use that word), maybe several informed members can offer advice as to how best David can use the proceeds. One member is a banker who has offered his advice. I think that would be very helpful to David.

Personally, I think one of the first things we should hope for is for David to find good employment. If he doesn't, it's possible he may burn through these funds. One post here mentioned using the funds to find real housing and smaller reliable transportation. This combined with a good job, might be more realistic for the long term. I mean really, who wants to live in a car? But I'm getting ahead of myself. Like I said, I have input just like everyone else, but David has to be the one to step up and make his own decisions with the informed suggestions of fine members here.

Again, thank you for your help!
Oh I will be asking for advice. I value the knowledge base here and it keeps me on the straight and narrow. Looking at vans and mini vans mostly as they are practical machines. When Ol' Silver goes to scrap, I am keeping her hood ornament. I will use the funds responsibly and I've determined if there has been too much donated, it will remain on account at my Credit Union for when other Members here may need help. As for employment, I will dig in as soon as I can replace this old car and make my way. The houseing will remain on wheels untill I find a safe and affordable dwelling. I wish to remain in the Bluegrass State. There are excellent industries up in Ohio and were I more qualified in programming of machine tools, I would make myself known there. My roots have been shallow here in Kentucky and I hope to do better. This is my home now.


How much training and money would it take to get you more qualified in programming?
 
Posts: 6105 | Registered: April 02, 2011Reply With QuoteReport This Post
Member
Picture of TigerDore
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David, please seek competent tax advice on the funds you are receiving. A good CPA is worth their weight in gold on issues like this. God bless you, brother.
 
Posts: 6631 | Registered: September 26, 2013Reply With QuoteReport This Post
7.62mm Crusader
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Ulsterman, last I checked the MasterCam U site some of those corses are very affordable. Need a good enough computer and a place to study and learn. When I get employed here I will begin saving for a laptop again. Dell M7710 is the ticket. Like a 3D mouse ad well. I am not interested in programming lathes. The round parts bore me terribly. Mills are facinating. Horizontal boring mills are where I would like to progress to. There are manual boring mills still being used in industry but most who have CNC run Toshibas.
 
Posts: 15157 | Registered: December 23, 2008Reply With QuoteReport This Post
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posted Hide Post
quote:
Originally posted by TigerDore:
David, please seek competent tax advice on the funds you are receiving. A good CPA is worth their weight in gold on issues like this. God bless you, brother.


Always a good idea to seek out tax professional but likely considered to be gift rather than income, because no services or goods were provided in exchange. See generally https://www.irs.gov/businesses...stions-on-gift-taxes.
 
Posts: 954 | Registered: April 24, 2008Reply With QuoteReport This Post
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quote:
Originally posted by David Lee:
I am near lost for words you guys and gals. I will have this event and you all to hold for the rest of my days. I hope to save this topic for me to reflect on. People like I have never known. The few people I know in my area would have let me sink when I cant swim. You all by contrast are uplifting of a stranger. I have a debt to you all I will be happy to return.


You're not a stranger, David. And you're not heavy; you're our brother.
 
Posts: 954 | Registered: April 24, 2008Reply With QuoteReport This Post
No good deed
goes unpunished
Picture of cheesegrits
posted Hide Post
quote:
Originally posted by Legal Beagle:
quote:
Originally posted by TigerDore:
David, please seek competent tax advice on the funds you are receiving. A good CPA is worth their weight in gold on issues like this. God bless you, brother.


Always a good idea to seek out tax professional but likely considered to be gift rather than income, because no services or goods were provided in exchange. See generally https://www.irs.gov/businesses...stions-on-gift-taxes.

Correct, the funds or items of clothing, etc. that he's receiving are gifts. No income tax liability to David as the donee.

If he's using a need-based government benefit, like Medicaid, then these funds could be a problem.
 
Posts: 2361 | Location: The Carolinas | Registered: June 08, 2010Reply With QuoteReport This Post
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To David Lee - No tax issues with any of the money or items you will receive. They are all gifts. Now if you put that money in an account that earns interest, you must pay taxes on those amounts.

To all who gave - no gift tax issues for you until you have given over $15,000 in one year to a single person.

Dave, if you have any other tax questions, please email me.
 
Posts: 55 | Registered: November 24, 2008Reply With QuoteReport This Post
Little ray
of sunshine
Picture of jhe888
posted Hide Post
quote:
Originally posted by Legal Beagle:
quote:
Originally posted by TigerDore:
David, please seek competent tax advice on the funds you are receiving. A good CPA is worth their weight in gold on issues like this. God bless you, brother.


Always a good idea to seek out tax professional but likely considered to be gift rather than income, because no services or goods were provided in exchange. See generally https://www.irs.gov/businesses...stions-on-gift-taxes.


I think this is correct. It is likely a gift. Not taxable to the donee.




The fish is mute, expressionless. The fish doesn't think because the fish knows everything.
 
Posts: 47724 | Location: Texas | Registered: February 10, 2004Reply With QuoteReport This Post
Partial dichotomy
posted Hide Post
I received three checks in yesterday's mail. I suspect the rest of the week will be fulfilling.


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Posts: 34490 | Location: NW Indiana | Registered: November 22, 2002Reply With QuoteReport This Post
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Picture of TigerDore
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quote:
Originally posted by Jamess1:
To David Lee - No tax issues with any of the money or items you will receive. They are all gifts. Now if you put that money in an account that earns interest, you must pay taxes on those amounts.

To all who gave - no gift tax issues for you until you have given over $15,000 in one year to a single person.

Dave, if you have any other tax questions, please email me.

Thank you!



.
 
Posts: 6631 | Registered: September 26, 2013Reply With QuoteReport This Post
Republican in training
Picture of DonDraper
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Here's a place in Buckner, KY that does CNC stuff (among other mold/tool related things). Drop them an email from that link on the right and see if they are looking for anyone.

http://www.hartlagemanufacturing.com

Family owned, good people.


--------------------
I like Sigs and HK's, and maybe Glocks
 
Posts: 1854 | Location: SC | Registered: March 16, 2011Reply With QuoteReport This Post
Ammoholic
posted Hide Post
quote:
Originally posted by Jamess1:
To David Lee - No tax issues with any of the money or items you will receive. They are all gifts. Now if you put that money in an account that earns interest, you must pay taxes on those amounts.

To all who gave - no gift tax issues for you until you have given over $15,000 in one year to a single person.

Dave, if you have any other tax questions, please email me.

To be clear, the amounts you have to pay taxes on are the amounts of interest paid to you, not the amounts deposited.

If you find anywhere to deposit the money where you are paid any meaningful amount of interest on it, please do let us know.
 
Posts: 3997 | Registered: February 23, 2011Reply With QuoteReport This Post
Now Serving 7.62
Picture of 10X-Shooter
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Here’s hoping your current troubles are seen behind you in a quality rear view mirror for many days to come.
 
Posts: 5093 | Registered: February 12, 2003Reply With QuoteReport This Post
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6guns just e-mailed me that he got my check, so I imagine he got a bunch more today.

Knowing how busy he must be, I didn't ask for details such as totals, which I'm sure he'll give us when he can.

Hang in there, David!

This message has been edited. Last edited by: newtoSig765,


--------------------------
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
-- H L Mencken

I always prefer reality when I can figure out what it is.
-- JALLEN 10/18/18
 
Posts: 8748 | Location: Illinois farm country | Registered: November 15, 2008Reply With QuoteReport This Post
JOIN, or DIE
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So where did we end up at?
 
Posts: 3497 | Registered: February 25, 2010Reply With QuoteReport This Post
Cynic
Picture of charlie12
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6guns got mine too


_______________________________________________________
And no, junior not being able to hold still for 5 seconds is not a disability.



 
Posts: 12368 | Location: Pride, Louisiana | Registered: August 14, 2002Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
I've emailed 6guns this morning for the tally. When I last spoke with him, snail mail donations were still coming in.


____________________________________________________

"The world's in a bad way, my man,
And bound to be worse before it mends;
Better lie up in the mountain here
Four or five centuries,
While the stars go over the lonely ocean"
- Robinson Jeffers
 
Posts: 86611 | Registered: January 20, 2000Reply With QuoteReport This Post
Member
Picture of Ozarkwoods
posted Hide Post
6 guns stated he would report back here when he has the total I am sure he has had a busy time collecting and emailing back the mailed in donors.


ΜΟΛΩΝ ΛΑΒΕ
 
Posts: 3630 | Location: Home is where the tires are touching, Black Hills for the Summer and Fall I missed it! | Registered: October 20, 2009Reply With QuoteReport This Post
posting without pants
Picture of KevinCW
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Prolly some checks still rolling in. He just got mine yesterday.





Strive to live your life so when you wake up in the morning and your feet hit the floor, the devil says "Oh crap, he's up."
 
Posts: 32492 | Location: St. Louis MO | Registered: February 15, 2004Reply With QuoteReport This Post
Oriental Redneck
Picture of 12131
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6guns said he won't be able to get to the bank until the 17th. So, we'll know the tally by then, for sure.


Q


2016 MAGA ---> 2020 KAG
* P228 factoids *


 
Posts: 17692 | Location: TEXAS | Registered: September 04, 2008Reply With QuoteReport This Post
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