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Post by briwadd on Feb 6, 2010 12:32:38 GMT -5
Thanks BHollenegg, So it is obviously safe to assume that the information that Hodges was waiting on did not arrive. I have no idea what that info could be; however, I am sure you are not at liberty to disclose that info. But can you tell me this, is it a possibility that Hodges would release an update over the weekend, or do we just need to set back and wait until Monday. I know Gus has said something about an economic receipt (no idea what that is) could be delivered at anytime. So in short, I guess my question is, Could Al Hodges receive what he is anticipating over the weekend? Briwadd Briwadd, Yes. Attorney Hodges expected it last weekend. I believe an 'economic receipt' is another way of saying 'receipt of goods' which is in our situation 'receipt of funds'. Take care, BHollenegg OK, sounds good. How does one receive an economic receipt? Is he expecting mail, electronic confirmation, etc. Briwadd
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Post by 3bid on Feb 6, 2010 12:44:43 GMT -5
Briwadd, Yes. Attorney Hodges expected it last weekend. I believe an 'economic receipt' is another way of saying 'receipt of goods' which is in our situation 'receipt of funds'. Take care, BHollenegg OK, sounds good. How does one receive an economic receipt? Is he expecting mail, electronic confirmation, etc. Briwadd The term 'economic receipt' is tainted. Get rid of it. Seriously. Or use it only if attached to a major money transfer in transit to our accounts. I could handle that exception just fine. An economic receipt should be the end of the big tease.
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Post by varnson on Feb 6, 2010 12:53:45 GMT -5
'Economic Receipt' comes directly from those story tellers at worldBSreports I have seen Casper using it as well when is not reporting that the "packages" have been delayed by the snow storm...what a crock of huey.
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Post by transversal on Feb 6, 2010 12:53:46 GMT -5
Briwadd, Yes. Attorney Hodges expected it last weekend. I believe an 'economic receipt' is another way of saying 'receipt of goods' which is in our situation 'receipt of funds'. Take care, BHollenegg OK, sounds good. How does one receive an economic receipt? Is he expecting mail, electronic confirmation, etc. Briwadd Briwadd - I like your style, buddy.
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Post by hundredtoone on Feb 6, 2010 13:04:18 GMT -5
Understanding Constructive Receipt and Economic Benefit The triggering of either constructive receipt or economic benefit by a claimant precludes the ability of an obligor to make periodic payments under a 26 U.S.C. § 130 “qualified assignment” and preserve the tax benefits. References to constructive receipt and economic benefit are not included in either section 104 or 130. However, Congress stated that: The periodic payments of personal injury damages are still excludable from income only if the recipient taxpayer is not in constructive receipt of or does not have the current economic benefit of the sum required to produce the periodic payments. 1. Constructive Receipt Section 451 provides that “the amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as of a different period.” Section 1.451-1(a) of the Treasury Regulations states that gains, profits, and income are to be included in gross income from the taxable year in which they are actually or constructively received by the taxpayer, unless includable for a different year in accordance with the taxpayer’s method of accounting. Under the cash receipts and disbursements method of accounting, such an amount is includable in gross income when actually or constructively received. Treasury Regulations section 1.451-2(a) provides in part that income, although not actually reduced to a taxpayer’s possession, is constructively received in the taxable year during which it is credited to this account, set apart for him, or otherwise made available so that he may draw upon it at any time, or so that he could have drawn upon it during the taxable year if notice of intention to withdraw had been given. However, income is not constructively received if the taxpayer’s control of its receipt is subject to substantial limitations or restrictions. 2. Economic Benefit The doctrine of “economic benefit” requires a determination that the actual receipt of property or the right to receive property in the future confers a current economic benefit on the recipient. The doctrine applies when assets are unconditionally and irrevocably paid into a fund or trust to be used for a taxpayer’s sole benefit. In Sproull v. Commissioner, the court applied the economic benefit doctrine to tax amounts an employer paid to an interest-bearing trust as compensation for an employee’s past services. No one other than the employee had any interest in or control over the monies in the trust, and the employee was required to take no further action to earn or establish his rights to the amounts in trust. The trustee’s duties were limited to holding, investing, and paying the amounts in trust to the employee or his estate in the event of his prior death in the two taxable years following the creation of the trust. The Tax Court held that “there is no doubt that such an interest had a value equivalent to the amount paid over for his benefit.” The economic benefit doctrine does not apply where the beneficiary’s ability to obtain trust amounts is subject to a future condition or forfeiture. The Sproull Court noted that “the trust agreement contained no restriction whatsoever on petitioner’s right to assign or otherwise dispose of the interest, thus created no restriction in him.” Other courts have noted that a taxpayer may still have an economic benefit in a trust where there are restrictions on assignment. However, there is no economic benefit when the beneficiary’s right to receive the income is restricted or conditioned upon future events. Therefore, in order for a taxpayer to include an amount in income under the economic benefit doctrine, the amount must be set aside irrevocably, for the taxpayer’s sole benefit, without restrictions or conditions based upon the occurrence of future events. www.risklawfirm.com/files/Formatted_Articles/UnderEconomic Receipt - US Dollars 4.5 Trillion Dear Mr President Today, of many days of your Presidential Legacy, would be the best day for your full authorization to release my personal cash funds at Citigroup/NYC of USDollars 4.5 trillion; allowing the immediate personal tax/cash payment of USDollars 1.575 trillion to our US Department of the Treasury _ and _ my personal cash purchase of US Treasury Notes/One (1) year maturity, in the aggregate amount of USDollars ONE TRILLION at Par Value, under my original London Treaty at 85% cost [eighty-five percent] _ USDollars 850 billion in cash, inter alia. Thank you for your Presidential Release to stabilize our USDollar domestically and globally. Warmest personal regards, Your Republican Friend, former Republican Delegate and Loyalist; since being mentored by the late US Senator Alexander Wiley - Chairman of the US Senate Foreign Relations Committee, 1955 >>>> /s/ Ambassador Lee Emil Wanta Chairman, Snake Hill Central Bank Postal Box 488, Baulkham Hills NSW 2153, Australia email : principality_snake_hill@live.com somam@prodigy.net www.fourwinds10.com/siterun_data/news/us_news/news.php?q=1214661582Just a matter of SEMANTICS...IMO...this is what they are talking about...Flying Moose(cmkxunofficial)
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Post by imSINGLEruRICH on Feb 6, 2010 13:04:53 GMT -5
shmokie2 Diamond Finder Re: Gus Jarvis Action... updated 2/1/10 « Reply #47 Today at 1:44am »
Gus,
I answered my own question and payed the six bucks for access to the cour file. Good luck on Monday and I still owe you the bottle of Crown Royal when your son was born in 2003. Keep the faith and all will happen for our benefit. For anyone who is confused with what the last two post have meant here is the court info for Monday. --------------------------------------------------------------------------------------------------------------------- --
Hearing Date: 08Feb2010
Hearing Time: 10:00 AM
Hearing Location: Kelowna Law Courts
List Type for the Hearing: Supreme Court Chambers List
# Document Description Reason Result Canc. 2 Notice of Motion Chambers Application
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Post by briwadd on Feb 6, 2010 13:24:19 GMT -5
The term 'economic receipt' is tainted. Get rid of it. Seriously. Or use it only if attached to a major money transfer in transit to our accounts. I could handle that exception just fine. An economic receipt should be the end of the big tease. I totally agree. While we're at it let's get rid of the infamous "drop dead date" too. Jokingly its as if they're waiting for us all to drop dead. So am I to assume 'fluid situation' is out of the question? ;D
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Post by BHollenegg on Feb 6, 2010 13:34:04 GMT -5
BHollenegg, I have some questions to ask you but will understand if you cannot answer them. Answer what you feel comfortable answering. 1. Is Al in contact with a credible entity (in your humble opinion)that has authority to get us paid? (Meaning someone from the Govt, Trust Adminstrator, etc)? 2. If question 1 is true, does Al feel (in your humble opinion) that the other side is cooperating now? 3. Has Al stated to you, others that viable progress is now being made (in your humble opinion) and all that is left is logistical issues to work out? (I base this on your previous posts, where Al is waiting for something). Thank you! Davesaint Hello Davesaint...my apology. I answered your questions and some. When I went to post it I received a message stating I was not authorized to post a message. My message was wiped out. I am working on a response again. Thank you, BHollenegg
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Post by lurknomore on Feb 6, 2010 13:59:30 GMT -5
Hello Davesaint...my apology. I answered your questions and some. When I went to post it I received a message stating I was not authorized to post a message. My message was wiped out. I am working on a response again. Thank you, BHollenegg Ouch. I hate when that happens. That's why I always compose my posts on a "Stickies," (Mac) or other text ap. Then I copy/paste it into the reply box. That way, I always have the original post. Looking forward to reading your response v2.0.
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Post by 3bid on Feb 6, 2010 14:27:08 GMT -5
'Economic Receipt' comes directly from those story tellers at worldBSreports I have seen Casper using it as well when is not reporting that the "packages" have been delayed by the snow storm...what a crock of huey. 'Economical receipt' must be used only to signify a major money transfer ready for full distribution to our accounts. At completion, the WR baggage would no-longer affect our flight to credibility and fame. Casper's omniscience and predictability would be left light-years behind in an ancient past of economic deceit, to be described briefly in a minor chapter of small interest near the end of our story, IMO.
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Post by 3bid on Feb 6, 2010 14:30:46 GMT -5
The term 'economic receipt' is tainted. Get rid of it. Seriously. Or use it only if attached to a major money transfer in transit to our accounts. I could handle that exception just fine. An economic receipt should be the end of the big tease. I totally agree. While we're at it let's get rid of the infamous "drop dead date" too. Jokingly its as if they're waiting for us all to drop dead. The irony of the statement per your definition is painful.
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Post by briwadd on Feb 6, 2010 14:42:06 GMT -5
'Economic Receipt' comes directly from those story tellers at worldBSreports I have seen Casper using it as well when is not reporting that the "packages" have been delayed by the snow storm...what a crock of huey. 'Economical receipt' must be used only to signify a major money transfer ready for full distribution to our accounts. At completion, the WR baggage would no-longer affect our flight to credibility and fame. Casper's omniscience and predictability would be left light-years behind in an ancient past of economic deceit, to be described briefly in a minor chapter of small interest near the end of our story, IMO. I couldn't find anything on 'economical receipts'; however, there is a ton of information out there regarding 'economical recipes', just in case this doesn't work out. Briwadd
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Post by doggyday on Feb 6, 2010 15:00:19 GMT -5
Did I miss Bob's response or was it a private message he sent you?
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Post by briwadd on Feb 6, 2010 15:01:50 GMT -5
Did I miss Bob's response or was it a private message he sent you? We are still waiting........ Briwadd
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Post by briwadd on Feb 6, 2010 18:38:29 GMT -5
BHollenegg, I have some questions to ask you but will understand if you cannot answer them. Answer what you feel comfortable answering. 1. Is Al in contact with a credible entity (in your humble opinion)that has authority to get us paid? (Meaning someone from the Govt, Trust Adminstrator, etc)? 2. If question 1 is true, does Al feel (in your humble opinion) that the other side is cooperating now? 3. Has Al stated to you, others that viable progress is now being made (in your humble opinion) and all that is left is logistical issues to work out? (I base this on your previous posts, where Al is waiting for something). Thank you! Davesaint Hello Davesaint...my apology. I answered your questions and some. When I went to post it I received a message stating I was not authorized to post a message. My message was wiped out. I am working on a response again. Thank you, BHollenegg BHollenegg, what happened to ya?
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