0LikesLDD/Steven Wade Thomas VS. PS85 Conclusion
03-14-2010, 11:11 PM
#91
Charter Member #232
Charter Member
Join Date: Oct 2000
Location: Carlisle, MA USA
My Boat: 1979 Formula 302, 99 Formula 353, 81 Donzi 18 2+3 with 454
Posts: 18,390
You must have been the guy that was packaging all those bad loans and selling them on the market Nordic. 
__________________
Put your best foot forward!
Put your best foot forward!
03-15-2010, 08:35 AM
#92
Registered
Join Date: Jul 2005
Location: Tierra Verde, Fl
My Boat: 33 Outlaw
Posts: 341
I never thought you would be able to collect and I still feel that way but if you really want to put to LDD, here is an idea that could work. Any debt over $600 that is forgiven is taxable as income. You could send him and the IRS a letter stating that the debt is forgiven and he would be taxed on $513,400. I know Dean12567 on this forum is a CPA maybe you should PM him or consult your accountant.
03-15-2010, 09:05 AM
#93
Registered
Join Date: Jul 2005
Location: Southeast
My Boat: Donzi 22C MDG 600 (sold)
Posts: 340
Originally Posted by Skullkrusher
Any debt over $600 that is forgiven is taxable as income. You could send him and the IRS a letter stating that the debt is forgiven and he would be taxed on $513,400.
03-15-2010, 10:13 AM
#94
Registered
Join Date: Feb 2004
Location: Monclova, Ohio
My Boat: Baja 25 Outlaw
Posts: 145
Originally Posted by GB
That hurts just thinkin' about it!
04-27-2010, 09:17 AM
#95
Registered
Join Date: Aug 2008
Posts: 156
I just want to say that I have a lot of respect for prostock. After everything he went through, it sounds like he has forgiven the guy. This is something rarely seen on here. He is a bigger man than me, as I would not have done that. Good job man!!!! Kinda inspirational.
04-27-2010, 09:24 AM
#96
Racer
Racer
Join Date: Jan 2006
Location: Columbus,MI
My Boat: 38 Fountain Canopy, V24 Bat Boat
Posts: 2,574
Originally Posted by Skullkrusher
I never thought you would be able to collect and I still feel that way but if you really want to put to LDD, here is an idea that could work. Any debt over $600 that is forgiven is taxable as income. You could send him and the IRS a letter stating that the debt is forgiven and he would be taxed on $513,400. I know Dean12567 on this forum is a CPA maybe you should PM him or consult your accountant.
04-27-2010, 09:48 AM
#97
Registered
Join Date: Jul 2005
Location: Tierra Verde, Fl
My Boat: 33 Outlaw
Posts: 341
Like I said, an accountant should be consulted but you are incorrect on both points. That rule was enacted by GWB admin. and it is only on debt related to primary residence.
05-16-2010, 03:21 PM
#98
Registered
Join Date: May 2010
Posts: 1
Would really be interested in speaking with someone concerning Steven Wade Thomas. I could tell you some stories going back ten years, as I chase him and track him down from one coast to the nest, trying to rectify a hefty debt he has with me. Anyone know where he is now?
05-16-2010, 04:29 PM
#99
Platinum Member
Platinum Member
Join Date: Oct 2000
Posts: 9,373
Originally Posted by offshoredrillin
what he said, arrogance is and going to be the downfall of lots of people 
05-16-2010, 07:05 PM
#100
Registered
Join Date: Dec 2002
Location: Bucyrus, Ohio
My Boat: 24 OUTLAW
Posts: 6,654
Originally Posted by Pure Energy
I liked Tiger's apology better!
«
Previous Thread
|
Next Thread
»
Linear Mode
