Lilja

You do realize that there is a total lifetime gift tax exemption of of $11.18 million beginning in 2018? In other words, you could give 2 million to just your daughter today and it would count towards your lifetime exemption. As long as your total estate is less than 11.18 million, you are in the clear (but if it was say, 12 million, than you would have taxes drawn on the amount over 11.18). I can get into more specifics if you like.

But, if you are giving them a gift to a person, and specifically state, as you did here, that it is for a house, then it is no longer a gift and you can be taxed because it is not a gift. A gfft would be more something like, say you gave a set amount to a person and they bought a car. You didn't tell them what to do with the money or talked about how it was to be used, you just gave it to them because you value them. So, I would take that bit out of your statements in the future unless you want the IRS knocking at the door. Or if you are tipped off to the IRS by someone. Just a bid of advice (and yes, I do know alot about American tax law. But gift laws work the same in several countries ). Just some advice. Take it as you want.

The Batlord

Chula living in New Orleans in 2004: Why would I need flood insurance? My house has never even been flooded.

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Psy-Fi

I once saw 100k in fifties and hundreds piled up in the middle of a bed in a hotel room.

I barely managed to resist the urge to dive into it and roll around like a capitalist pig.

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She's a Brick House

YorkeDaddy

The hell?

More context? Why did you not pocket as much as you could and book it out of there?

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http://cloudcover1.bandcamp.com/
http://daydreamsociety.bandcamp.com/

9-Time Winner of MusicBanter's "Most Qualified to be a Moderator" Award

MicShazam

Worst case scenario, he'd end up with his very own Encyclopedia Dramatica article.

The Batlord

Something tells me there was more than money lying in piles.

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Chula Vista

Immediately made me think of this.

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“The fact that we live at the bottom of a deep gravity well,
on the surface of a gas covered planet going around a nuclear fireball 90 million miles away
and think this to be normal is obviously some indication of how skewed our perspective tends to be.”

Cuthbert

This and Frown's joke about crossing the road

Staggering past few pages.

Waddles

I woke up to someone screaming that my neighbor had died. The police have been in and out of the apartment complex all day, and I've been trying to keep my mind busy by working on a composition in D Minor in 6/8 time. Beyond that, I just got a coffee from the local java shack and dropped by the bank for some business. Now it's back to my music.

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“I doubt sometimes whether a quiet and unagitated life would have suited me - yet I sometimes long for it.” George Byron

DwnWthVwls

I bet you write amazing papers.

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I don't got a god complex, you got a simple god...