Silver Alert CT - Jennifer Dulos, 50, New Canaan, 24 May 2019 *ARRESTS* #32

[CTGrammy]

Do I Have to Pay Taxes on a Gift? | H&R Block
Generally, the answer to “do I have to pay taxes on a gift?” is this: the person receiving a gift typically does not have to pay gift tax. The giver, however, will generally file a gift tax return when the gift exceeds the annual gift tax exclusion amount, which is $15,000 per recipient for 2019. The giver may also not owe gift tax due to the basic exclusion amount

However,

IP 9411 A Guide to Federal and Connecticut Gift Taxes

WHO MUST PAY THE TAX?

The person making the gift is responsible to file federal Form 709 and Form CT-709 and pay the taxes due (if any). If the gift taxes are not paid when due, the person RECEIVING the gift may have to pay the tax.

IMO.

 

[kimch33kim]

If we “pretend” the money was a gift , can anyone estimate /calculate what his taxes would be ?

What amount are we assuming the "gift" to be

 

[CTGrammy]

JD May have paid the Nanny some of the time but , not ALL of the time .
But, again he seems to always have a quick answer with some sort of proof to back It up.
Could his Magical Carpet bag contain paperwork: cc receipts , JD’s check ledger, cancelled checks ?

JFd Ultimately paid the nanny. However, during the years that the nanny worked with FORE, she was paid Through FORE for the Nanny Services she provided, when JFd reimbursed FD. I want to know if this reimbursement was paid to the Individual FD or was the check made out to FORE? It is possible that JFd continued to reimburse FORE to pay for Nanny Services after LA no longer worked at FORE. I would think that once JFd filed for Divorce, that JFd paid the Nanny directly. It may have began earlier, but we definitely know that it goes back to at least June 2017.

IMO.

 

[Outforjustice]

What amount are we assuming the "gift" to be

How about HF’s loan to Fore ?
Just for curiosity sake .

Or ...whatever you think ?

 

[kimch33kim]

JFd Ultimately paid the nanny. However, during the years that the nanny worked with FORE, she was paid Through FORE for the Nanny Services she provided, when JFd reimbursed FD. I want to know if this reimbursement was paid to the Individual FD or was the check made out to FORE? It is possible that JFd continued to reimburse FORE to pay for Nanny Services after LA no longer worked at FORE. I would think that once JFd filed for Divorce, that JFd paid the Nanny directly. It may have began earlier, but we definitely know that it goes back to at least June 2017.

IMO.

Deposition says that JD checks were written out to FD and not FORE

 

[dlharris2712]

*Fotis: Fore Group would not have been as good without Mr. Farber. He treated me as a son and I treated him as a father - BBM
He treated him as a son...and then he killed Mr. Farber's daughter -- HIS OWN WIFE. Just one more piece of proof that FD doesn't give two *hits about anyone but himself. He uses people and discards (or kills them) on a whim. I am sure he has screwed over other people his whole life. Another thing that shows what a piece of human garbage FD is...I hope he is arrested for MURDER and goes to prison for life. Gosh - I HATE HIM!!! moo

 

[dlharris2712]

What is baffling though is that FD seems willing to set himself on 'fire' and torch his life down to the ground simply to prove an unknown point.
I'll bring the torch!!! We can have a GIANT bonfire - with him as the kindling. Anyone with me? moo

 

[sds71]

You expect Gloria Farber, the mother of Jennifer Dulos, to give you a gift after you've been accused of conduct related to her disappearance?" Weinstein said.

"I don't expect anything. but that's what the agreement was," Fotis Dulos said.


Dulos testified that he was paid up with his father-in-law as of 2017.

"I knew the liability of the family funds was overstated," Fotis Dulos said.
To correct the issue, Dulos moved the entry about the liability to another column of his records, he said.
Dulos also claimed there was at least $1.18 million he made in payments to Hilliard Farber that were left off the "family funds" tally sheet.
As his client testified, Murray pointed out several times that Dulos wrote checks to his father-in-law that were not deducted from the amount the lawsuit is seeking. Murray also wants the judge to consider an affidavit filed by a Greek businessman who claims to have loaned the Fore Group $500,000 by passing the money through Farber that made it appear the family had given Dulos the loan from their own coffers.

Dulos also received several payments from Farber for building a lavish guest house on the family's property in Pound Ridge, N.Y. Murray said this money was not a loan and should be deducted from the lawsuit.
His reimbursements from the Fore Group to his personal accounts reflected his business expenses, "to the penny," he said.
Fotis Dulos testifies: I don’t owe Farbers anything

 

[kimch33kim]

How about HF’s loan to Fore ?
Just for curiosity sake .

Or ...whatever you think ?

There is something called lifetime exclusion where I believe the current amount is 11.4 mill and you can give up to that amount in your whole lifetime without being taxed. So in reality HF estate will only have to pay gift taxes on $11.4 M only if he surpassed that lifetime gift limit. He was taking advantage of the annual gift tax exclusion as well. Many wealthy people do this. It lowers their annual estate tax responsibilities. If HF were to be taxed on giving away $11.4 M he would need to pay about $4.5M in taxes. Hope this helps

 

[afitzy]

What amount are we assuming the "gift" to be

$1.7-$2.5 million, with Trustee saying yesterday he would accept the $1.7 million I believe.

 

[Alathea]

Huh interesting, thank you for explaining this. I was just under the false impression that it was simple and no bank would say no when someone wants to send them a half of a million dollars.

One small detail, it turns out I was mistaken when I said the bank was Greek. The person is Greek but the bank is in Dubai. Just wanted to correct myself in case that changes anything!

OT, but I hope they look into whether Michelle Troconis still has connections in Dubai, where she worked for a while.

 

[CTGrammy]

Gifts in excess of $15,000 annually might be subject to a gift tax depending on the amount of gifts made by the giver during his/her lifetime. If gift taxes are owed, they are always paid by the giver not the recipient.

Not Necessarily. IF the Gift taxes are not paid by the giver when due, then the Recipient owes the tax.

IP 9411 A Guide to Federal and Connecticut Gift Taxes

WHO MUST PAY THE TAX?

The person making the gift is responsible to file federal Form 709 and Form CT-709 and pay the taxes due (if any). If the gift taxes are not paid when due, the person Receiving the gift may have to pay the tax.

IMO.

 

[Jmoose]

DBM

 

[sds71]

There is something called lifetime exclusion where I believe the current amount is 11.4 mill and you can give up to that amount in your whole lifetime without being taxed. So in reality HF estate will only have to pay gift taxes on $11.4 M only if he surpassed that lifetime gift limit. He was taking advantage of the annual gift tax exclusion as well. Many wealthy people do this. It lowers their annual estate tax responsibilities. If HF were to be taxed on giving away $11.4 M he would need to pay about $4.5M in taxes. Hope this helps

could HF write off an unpaid loan as a bad debt?

 

[sds71]

@SabinaKuriakose


Cross exam continues: Weinstein:”You think this is funny Mr. Dulos?” Fotis Dulos: “No I don’t.”

 

[kimch33kim]

No Necessarily. IF the Gift taxes are not paid by the giver when due, then the Recipient owes the tax.

IP 9411 A Guide to Federal and Connecticut Gift Taxes

WHO MUST PAY THE TAX?

The person making the gift is responsible to file federal Form 709 and Form CT-709 and pay the taxes due (if any). If the gift taxes are not paid when due, the person Receiving the gift may have to pay the tax.

IMO.

Only if the amount he gave his whole lifetime surpasses 11M dollars would he need to pay taxed on it

 

[Alathea]

Only if the amount he gave his whole lifetime surpasses 11M dollars would he need to pay taxed on it

And that would need to be clearly a "Gift" intended by the giver - not a default on a loan that wasn't paid, correct?

 

[kimch33kim]

could HF write off an unpaid loan as a bad debt?

Yes he can and this will significantly lower his annual estate tax responsibilities thank you for bringing this point up

 

[Alathea]

could HF write off an unpaid loan as a bad debt?

Yes he can and this will significantly lower his annual estate tax responsibilities thank you for bringing this point up

Hopefully he did so, and if so, it destroys FD's argument, no?

 

[Nanobody]

When the criminal trial for murder comes to pass, as I believe it inevitably will, and NP indicates that it is at least as likely that LA’s boyfriend could have done it, as FD could’ve, does the boyfriend have a cause to sue NP for slander or libel? Does anyone know?

Based on my limited understanding they could present something like that argument in criminal court as part of their defense, but it could become slander or libel when/if NP inevitably discussed the possibility with the press.