Hello! Log in or Register   |  Help  |  Donate  |  Buy Shirts  See all banner ads | Advertise on TheSamba.com  
TheSamba.com
 
Dream bus gift in New York: '71
Page: 1, 2  Next
Forum Index -> General/Chat Share: Facebook Twitter
Reply to topic
Print View
Quick sort: Show newest posts on top | Show oldest posts on top View previous topic :: View next topic  
Author Message
Rome
Samba Member


Joined: June 02, 2004
Posts: 5388
Location: Pearl River, NY
Rome is online now 

PostPosted: Fri Apr 13, 2018 3:29 am    Post subject: Dream bus gift in New York: '71 Reply with quote

I saw this nice story on CBS News- (based in New York City) this morning- http://newyork.cbslocal.com/2018/04/12/note-leads-to-dream-car/
Back to top
View user's profile Send private message Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Fri Apr 13, 2018 4:24 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

WARNING

Too bad I can’t read the article due to all the pop up ad crap that keeps locking up my phone.


Brief synopsis...
16yr old slips note through vent window & it falls to floor, “oh no, they’ll never see it”, original owner finds & keeps note, eight years later original owner passes away, son finds note & gives vehicle to the kid that wrote note. That’s as far as I could get. Good looking white on blue bus from pic in article. I’m sure there’s some pissed off relative or tax man.

Every millennial’s dream come true. Expect more notes on your cars.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
orangebug60guy
Twin #1


Joined: June 28, 2003
Posts: 1472
Location: Dudley Mass
orangebug60guy is offline 

PostPosted: Fri Apr 13, 2018 4:46 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

The engine compartment looks like a fire waiting to happen. Great for this guy to get a bus for free. Hope he makes it safe to drive.
_________________
66 bus with factory slider!- $50
Arachibutyrophobia- Fear of peanut butter sticking to the roof of the mouth.
Coprastasophobia- Fear of constipation.
Back to top
View user's profile Send private message Send e-mail AIM Address MSN Messenger Facebook Twitter Instagram Gallery Classifieds Feedback
jquillen
Samba Member


Joined: June 28, 2017
Posts: 12
Location: Cedar, MI
jquillen is offline 

PostPosted: Fri Apr 13, 2018 7:44 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

Great story! Wish this would happen too me once. I leave notes on VW's all the time and never hear back Crying or Very sad
_________________
'79 Mexico Beige Westy "Pedro"
Back to top
View user's profile Send private message Classifieds Feedback
KentPS Premium Member
Samba Member


Joined: September 11, 2016
Posts: 1261
Location: Palm Springs, CA #45Exit
KentPS is offline 

PostPosted: Fri Apr 13, 2018 7:55 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

I can think of a 16-year old kid in Connecticutt who is now busily shoving notes thru the windows of every VW bus he sees. Laughing
_________________
-Kent-

1976 Riviera, my 1.7l FI chrome yellow VAN - "Chloe"
--> Whatever you do, have fun doing it! Smile

WildIdea wrote:
"I must say, how can you be in a bad mood driving this vehicle full of vibrant color.
Cars of today are so bland in comparison. Its.... like driving a celebration!"
Back to top
View user's profile Send private message Send e-mail Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Fri Apr 13, 2018 8:01 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

KentPS wrote:
I can think of a 16-year old kid in Connecticutt who is now busily shoving notes thru the windows of every VW bus he sees. Laughing

And you know what? Of all the young kids that would potentially do that, I believe that HE would be the one that would take care of & preserve it.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
KentPS Premium Member
Samba Member


Joined: September 11, 2016
Posts: 1261
Location: Palm Springs, CA #45Exit
KentPS is offline 

PostPosted: Fri Apr 13, 2018 8:09 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

TDCTDI wrote:
KentPS wrote:
I can think of a 16-year old kid in Connecticutt who is now busily shoving notes thru the windows of every VW bus he sees. Laughing

And you know what? Of all the young kids that would potentially do that, I believe that HE would be the one that would take care of & preserve it.

I believe you're right.
If I kick the bucket, 67ctbug can have Chloe. Boo hoo!
Hopefully he has his license by then so he can drive it home... Laughing
_________________
-Kent-

1976 Riviera, my 1.7l FI chrome yellow VAN - "Chloe"
--> Whatever you do, have fun doing it! Smile

WildIdea wrote:
"I must say, how can you be in a bad mood driving this vehicle full of vibrant color.
Cars of today are so bland in comparison. Its.... like driving a celebration!"
Back to top
View user's profile Send private message Send e-mail Gallery Classifieds Feedback
67ctbug
Samba Member


Joined: January 24, 2016
Posts: 2658
Location: CT
67ctbug is offline 

PostPosted: Fri Apr 13, 2018 2:02 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

KentPS wrote:
TDCTDI wrote:
KentPS wrote:
I can think of a 16-year old kid in Connecticutt who is now busily shoving notes thru the windows of every VW bus he sees. Laughing

And you know what? Of all the young kids that would potentially do that, I believe that HE would be the one that would take care of & preserve it.

I believe you're right.
If I kick the bucket, 67ctbug can have Chloe. Boo hoo!
Hopefully he has his license by then so he can drive it home... Laughing

Wow guys, that means a lot. I know a few buses down the road from me... time to get my notepad out.... and Kent, don’t kick the bucket anytime soon.
_________________
'67 Beetle L41
'71 Westfalia (sold) Sad
'71 Westfalia
Go Cubs!
World Series Champions 2016
My '67 Resto
KentPS wrote:
...or the PO envied the terrorists' bus in "Back to the Future". Laughing

djkeev wrote:
So you're saying that the DeLorean "Mr. Fusion" kits fit the 68 Chevelle as well?
Back to top
View user's profile Send private message Visit poster's website Facebook Twitter Instagram Gallery Classifieds Feedback
René R. Premium Member
Samba Member


Joined: July 06, 2015
Posts: 679
Location: No. Calif.
René R. is offline 

PostPosted: Fri Apr 13, 2018 4:30 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

Great story! Thanks for sharing that.
_________________
My current ride: 1954 Riviera Motors Oval Deluxe
Gone but not forgotten: 1950 Hoffman split (restored in 1966) - another 1950 Hoffman split (restored in 1996)
Back to top
View user's profile Send private message Gallery Classifieds Feedback
sb001
Samba Member


Joined: May 19, 2011
Posts: 7144
Location: NW Arkansas
sb001 is offline 

PostPosted: Fri Apr 13, 2018 8:20 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

Man that is an awesome story. You can see/ hear his enthusiasm to own that bus. That's a deserving VW owner.
_________________
1969 autostick sedan, owned since new
1600 SP engine
Solex 30 PICT 3 carburetor
Bosch 113905205AE autostick distributor
Back to top
View user's profile Send private message Gallery Classifieds Feedback
Gary
Person of Interest


Joined: November 01, 2002
Posts: 16972
Location: 127.0.0.1
Gary is offline 

PostPosted: Sat Apr 14, 2018 6:04 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

TDCTDI wrote:
WARNING

Too bad I can’t read the article due to all the pop up ad crap that keeps locking up my phone.


Brief synopsis...
16yr old slips note through vent window & it falls to floor, “oh no, they’ll never see it”, original owner finds & keeps note, eight years later original owner passes away, son finds note & gives vehicle to the kid that wrote note. That’s as far as I could get. Good looking white on blue bus from pic in article. I’m sure there’s some pissed off relative or tax man.

Every millennial’s dream come true. Expect more notes on your cars.



1) The young man left a note that said 'Please call me' along with his telephone number
2) The owner's son decided to give the bus to the young man
3) Defining generations: Where Millennials end and post-Millennials begin
4) Some people are jealous of the good fortune of others
_________________
West Virginia State Board of Education v. Barnette, 319 U.S. 624 (1943)
Back to top
View user's profile Send private message Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Sat Apr 14, 2018 7:55 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

Gary wrote:
TDCTDI wrote:
WARNING

Too bad I can’t read the article due to all the pop up ad crap that keeps locking up my phone.


Brief synopsis...
16yr old slips note through vent window & it falls to floor, “oh no, they’ll never see it”, original owner finds & keeps note, eight years later original owner passes away, son finds note & gives vehicle to the kid that wrote note. That’s as far as I could get. Good looking white on blue bus from pic in article. I’m sure there’s some pissed off relative or tax man.

Every millennial’s dream come true. Expect more notes on your cars.



1) The young man left a note that said 'Please call me' along with his telephone number
2) The owner's son decided to give the bus to the young man
3) Defining generations: Where Millennials end and post-Millennials begin
4) Some people are jealous of the good fortune of others

Here goes Gary again. Rolling Eyes
WTF is your point?

16yo+ 8 years puts said giftee into the “millennial “ category by your Pew Research Center example.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
19super73
Hardcore Stock Nazi


Joined: October 18, 2007
Posts: 4323
Location: Cité Soleil
19super73 is offline 

PostPosted: Mon Apr 16, 2018 9:51 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

TDCTDI wrote:
Gary wrote:
TDCTDI wrote:
WARNING

Too bad I can’t read the article due to all the pop up ad crap that keeps locking up my phone.


Brief synopsis...
16yr old slips note through vent window & it falls to floor, “oh no, they’ll never see it”, original owner finds & keeps note, eight years later original owner passes away, son finds note & gives vehicle to the kid that wrote note. That’s as far as I could get. Good looking white on blue bus from pic in article. I’m sure there’s some pissed off relative or tax man.

Every millennial’s dream come true. Expect more notes on your cars.



1) The young man left a note that said 'Please call me' along with his telephone number
2) The owner's son decided to give the bus to the young man
3) Defining generations: Where Millennials end and post-Millennials begin
4) Some people are jealous of the good fortune of others

Here goes Gary again. Rolling Eyes
WTF is your point?

16yo+ 8 years puts said giftee into the “millennial “ category by your Pew Research Center example.


I believe his point is #4. You come off as pissy about the kid getting the bus with your tax man, pissed off relative and comment about getting more notes on your VW's.
_________________
1970 Campmobile
1970 Fastback 1600 TL
1971 Doka
1973 Super Beetle
1973 Westfalia
1974 412 Variant
1975 La Grande Bug

Tram wrote:
It's like shaving your nose and mouth and filling it in because it looks cool, then running a tube from your trachea to your asshole for air. You'll be breathing your own farts.
Back to top
View user's profile Send private message Facebook Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Mon Apr 16, 2018 11:17 am    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

The value of a one owner VW Bus, in the condition that this Bus appears to be in, in the state of NY would surely be worth more than $8,000 (conservatively), no? I don't know the what the family dynamics were but that "gift" would have been considered part of an estate that should have been distributed to other heirs or to settle debts. Furthermore, in NY, registration transfers are taxed on the vehicle sale price (Or at least it was (lots of cars are sold for $1.).). So this (effectively large sum of money) was gifted, to a non-family member, presumably tax free, out of an estate. That's where that comment came from.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
EverettB Premium Member
Administrator


Joined: April 11, 2000
Posts: 58506
Location: Phoenix, AZ
EverettB is offline 

PostPosted: Mon Apr 16, 2018 5:16 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

If the son gifted it then he was most likely the heir and legal owner at the time so he can do with it what he wishes.

It's possible the kid needs to pay taxes on this gift at a fair market value.
I guess report him to the IRS if you think he has cheated the system.
(Dick move IMHO)

Note: Don't report things to the IRS unless your shit is in order too. Smile
_________________
How to Post Photos
Everett Barnes - [email protected] | My wanted ads
"Water is the only drink for a wise man" | "Communication prevents complaints"
Stop dead photo links! Post your photos to The Samba Gallery!
Back to top
View user's profile Send private message Send e-mail Visit poster's website Facebook Instagram Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Mon Apr 16, 2018 5:29 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

It would be a dick move & it’s not my business. I’d be curious how many of these feel good stories gain the attention of an IRS auditor or how many auditors are classic car savvy.
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
OB Bus
Samba Member


Joined: February 09, 2003
Posts: 1895
Location: Ocean Beach in Beautiful BLUE California
OB Bus is offline 

PostPosted: Mon Apr 16, 2018 6:52 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

EverettB wrote:
If the son gifted it then he was most likely the heir and legal owner at the time so he can do with it what he wishes.

If the son was the legal heir yes he can do with property as he wishes. They own it.
EverettB wrote:
It's possible the kid needs to pay taxes on this gift at a fair market value.

No. The recipient of a gift does not need to pay federal taxes on the gift. The tax basis of the bus in the hands of the recipient are the same as the donor. If the recipient sells the bus later he pays tax on the gain..the difference between selling price and the basis.
EverettB wrote:
I guess report him to the IRS if you think he has cheated the system. (Dick move IMHO)

I agree
TDCDI wrote:
It would be a dick move & it’s not my business. I’d be curious how many of these feel good stories gain the attention of an IRS auditor or how many auditors are classic car savvy.

In the situation above the story might gain someone's attention but there is no tax issue involving the gift.
_________________
Larry in OB
Stop dead photo links! Post your photos to The Samba Gallery!
It is getting closer to Mueller Time.
69 Westfalia and 67 Single Cab.
Back to top
View user's profile Send private message Gallery Classifieds Feedback
TDCTDI
Samba Advocatus Diaboli


Joined: August 31, 2013
Posts: 5092
Location: North Carolina
TDCTDI is offline 

PostPosted: Mon Apr 16, 2018 7:40 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

OB bus, is tax law your forte?

If so, hypothetically, what would keep someone from converting their assets to collector cars(or they have a car that has become a highly desirable collector car.) & donating those family to avoid the annual non-taxable limit? Especially when in the case of NY, they go on the “honor method” of sale price declarations?

NC assigns a value on the vehicle but ALL classic cars at assigned a value of $5,000 (which is great if your car is worth more than that.)
_________________
Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!
Back to top
View user's profile Send private message Gallery Classifieds Feedback
OB Bus
Samba Member


Joined: February 09, 2003
Posts: 1895
Location: Ocean Beach in Beautiful BLUE California
OB Bus is offline 

PostPosted: Mon Apr 16, 2018 8:42 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

TDCTDI wrote:
OB bus, is tax law your forte?

Yes you could say so.

TDCTDI wrote:
so, hypothetically, what would keep someone from converting their assets to collector cars(or they have a car that has become a highly desirable collector car.) & donating those family to avoid the annual non-taxable limit? Especially when in the case of NY, they go on the “honor method” of sale price declarations?
NC assigns a value on the vehicle but ALL classic cars at assigned a value of $5,000 (which is great if your car is worth more than that.)

You have scrambled a number of tax issues here.
The annual limit on gifts below which avoids having to file a gift tax return is $14,000 per donor per donee. Above the $14k figure a gift tax return is required, but the resultant tax can be offset by the combined gift and estate tax credit allowed to everyone.
In your New York example the recipient's tax basis of items gifted to them is the basis in the hand of the donor. If the donor "converted their assets" to classic cars and "donated" them to family members, there would be no difference in terms of gift tax. Example: if the donor took stock worth $10K, used it to purchase a classic car for $10K and then gave the car to a child, the gift tax situation would be all the same. Basis of the stock or the car to the donor: $10K. Basis to the donee: $10K. Gift tax return required? No. Gift tax liability: $0.
There are lots of esoteric maneuvers that can legally be done with gift & estate tax. Then again there is currently no tax on estates below $5 mil. How many of you have a $5 mil estate?
_________________
Larry in OB
Stop dead photo links! Post your photos to The Samba Gallery!
It is getting closer to Mueller Time.
69 Westfalia and 67 Single Cab.
Back to top
View user's profile Send private message Gallery Classifieds Feedback
EverettB Premium Member
Administrator


Joined: April 11, 2000
Posts: 58506
Location: Phoenix, AZ
EverettB is offline 

PostPosted: Mon Apr 16, 2018 9:55 pm    Post subject: Re: Dream bus gift in New York: '71 Reply with quote

Thanks OB, I didn't know gift taxes didn't apply to people who are not family members.
_________________
How to Post Photos
Everett Barnes - [email protected] | My wanted ads
"Water is the only drink for a wise man" | "Communication prevents complaints"
Stop dead photo links! Post your photos to The Samba Gallery!
Back to top
View user's profile Send private message Send e-mail Visit poster's website Facebook Instagram Gallery Classifieds Feedback
Display posts from previous:   
Reply to topic    Forum Index -> General/Chat All times are Mountain Standard Time/Pacific Daylight Savings Time
Page: 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

About | Help! | Advertise | Donate | Premium Membership | Privacy/Terms of Use | Contact Us | Site Map
Copyright © 1996-2018, Everett Barnes. All Rights Reserved.
Not affiliated with or sponsored by Volkswagen of America | Forum powered by phpBB