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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: gronieel2 who wrote (6355)	9/5/2011 10:12:34 AM
From: joefromspringfield	1 Recommendation Read Replies (1) \| Respond to of 10065

I have no problem with the paragraph you cited. It is this paragraph that is the problem. Money for services rendered can not be considered a gift. It is taxable income and must be declared as such. "Well then my advise to you is, consider that a gift. Forget about the IRA, because if you start trying to monkey around with an IRA, well first of all, it's not declarable income, you are going to get your - your going to get the woman in trouble - especially that amount. Consider it a gift because the reality is there would be no tax. But you cannot put that money in an IRA." Brinker owned up to his mistake that she could consider it a gift. Here is what he said on Sunday. home.netcom.com Bottom line is on Saturday the man who claims to be America's most trusted financial advisor told a caller that she could consider money for services rendered as a gift.