Real estate General topic

[WinterDeere]

So, what is the best way to prove it have paid him? Certified letter and personal check? Hand delivered cash and signed receipt (dont really want to do that), something else?

Personal check. Your bank will image it when cashed or deposited, and that will include recipient signature and/or account into which it was deposited.

 

[ultrarunner]

Conditional Endorsement on the back of tendered check has worked for me such as endorsement of this check acknowledges payment in full for x, y, z.

Since real estate related and title company already being paid insist they handle it is good advice.

 

[Quaffer]

And if you get it wrong there are fines and imprisonment.

Speaking of your friendly tax man, this guy was arrested for non-payment of sales taxes on a vehicle. Hauled off to jail.

He says he never got any letter, email, or demand of any type. Just came and hauled him away ...

 

[WinterDeere]

Speaking of your friendly tax man, this guy was arrested for non-payment of sales taxes on a vehicle. Hauled off to jail.

He says he never got any letter, email, or demand of any type. Just came and hauled him away ...

It's hard to know when to take any YouTuber, who's entire income is based on maximizing view count, at face value. I'm not crying foul, I'm just saying the claim is at least a little questionable, and does make for great click-bait.

 

[paulsharvey]

Not to change the topic; but YouTubers and taxes, its complicated. They have YouTube checks from Adsense, endorsements, revenue from other social media, and then a lot of stuff that boarders between "gift" vs payment. Patreon, Buy Me a Coffee, items sent for free if you provide a review, ect. Then on top of that, you use a product for a video, and sell. Also, paid appearances, ect.

Not a fan of Whistling Diesel, but he is huge, making millions per year, and its not a simple business that only gets a single check every month

 

[Sigarms]

Don't even watch the video. Just seeing the stash of cash and the RPG in the background is enough to alert on.

Thank you!

 

[WinterDeere]

They have YouTube checks from Adsense, endorsements, revenue from other social media, and then a lot of stuff that boarders between "gift" vs payment.

Exceeding $19k per individual per year comes with a requirement to file. No taxes, just a requirement to record. If those yearly gifts over $19k eventually exceed $14M, then it is taxed. Right?

But Patreon makes their business on aggregating many smaller gifts into these sums. So if itemized, it would be gifts from one donor to one recipient, which I can't see ever exceeding $14M in the lifetime of any single YouTube fan to any single YouTube content maker.

 

[Quaffer]

Not a fan of Whistling Diesel, but he is huge, making millions per year, and its not a simple business that only gets a single check every month

I had never heard of him until the tax issue.

There IS a significant game played by owners of high value luxury vehicles and motorhomes to register them in Montana, bypassing sales taxes and smog requirements. Let's just say I KNOW this to be true.

But, if you play that game, you usually have to take possession of the vehicle out of state, and keep it out of state for a specified time. Anywhere from 90 days to a year is typical. I suspect, from getting the vibe from this dude, he didn't feel those rules applied to him ....

Not many feel sorry for someone saving the sales tax on a Ferrari. But many were upset about the claim there was never any effort or notice to collect the tax. He claims his first knowledge was when the Sheriff shows up and arrested him.

Regardless of how you feel about a Youtube loudmouth with a Ferrari, that does seem to be the wrong approach.