<div dir="ltr">Bribery, huh? Hadn't thought of that one yet... :-)<div><br></div><div>Otherwise this is good advice Rob -- except it won't help here. This seems to be an iron-clad rule of the DOR, without flexibility. If the sale price is less than the assessed value, either a gift is required or additional tax will be due on a subsequent audit. DOR has literally turned the presumption of an "arms length transaction" sale price onto its head.</div><div><br></div><div>So one more tip: Don't forget the gift tax implications!! </div><div><br></div><div>Good grief.</div><div><br></div><div>Craig</div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div style="font-size:12.8px"><div>Craig Blackmon, <a href="https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240" target="_blank">Attorney at Law</a></div><div><span style="color:rgb(33,33,33)"><font face="arial, helvetica, sans-serif" size="2">92 Lenora St., </font></span><span style="font-family:arial,helvetica,sans-serif;font-size:small;color:rgb(33,33,33)">Seattle WA 98121 </span></div><div><span style="color:rgb(33,33,33)"><font face="arial, helvetica, sans-serif" size="2">Office/Cell: (206) 369-5949</font></span> </div><div>On the blog: <a href="https://seattlepropertylawyer.com/blog/seller-disclosure-statement-form-17-explained" target="_blank">The Form 17, Explained</a></div><div><img src="https://drive.google.com/a/lawofficeofcraigblackmon.com/uc?id=1hQRIEe9StVVNNSx58ImicjsXMNCAUmxM&export=download" width="96" height="60" style="font-size:small"></div><div>CONFIDENTIALITY NOTICE: This communication is a private, confidential electronic communication encompassed by 18 USC 2510. It is for the sole use of the intended recipient and receipt by anyone other than the intended recipient does not constitute a loss of its confidential or privileged nature. Any review or distribution by others is strictly prohibited. If you are not the intended recipient please inform the sender and destroy all copies.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Apr 24, 2020 at 10:18 AM Rob Wilson-Hoss <<a href="mailto:rob@hctc.com">rob@hctc.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_-3034852321983593562WordSection1"><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">The lesson is, make friends with someone in the Treasurer’s office. Then when you have any potential issues at all, anything at all, look closely at the WACs and if you are not completely certain, call your friend and ask. No matter how many decades you have been looking at those WACS.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">Our Treasurer’s staff likes to be asked, it is a sign of respect, and they prefer that to having to say no and then facing an annoyed, or angry, response. <u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">How to make friends with Treasurer’s staff? Any socially accepted ways. Shameless flattery, bribery, the usual. <u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">Rob<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p><div><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">Robert D. Wilson-Hoss<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">Hoss & Wilson-Hoss, LLP<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">236 West Birch Street<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">Shelton, WA 98584<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif">360 426-2999<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><a href="http://www.hossandwilson-hoss.com" target="_blank">www.hossandwilson-hoss.com</a><u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><a href="mailto:rob@hctc.com" target="_blank">rob@hctc.com</a><u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p></div><p class="MsoNormal"><span style="font-size:14pt;font-family:"Times New Roman",serif"><u></u> <u></u></span></p><div><div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in"><p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>Mike Winslow<br><b>Sent:</b> Friday, April 24, 2020 9:43 AM<br><b>To:</b> 'WSBA Probate & Trust Listserv' <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBAPT] Excise tax and gift supplemental<u></u><u></u></p></div></div><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)">Yep. I ran into this with Skagit County Treasurer. This is all about preventing collusion to defraud the DOR and Counties of their excise tax revenue.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)">My issue was with a QCD to clear title. We recited consideration of $10.00. Treasurer said this is a sale for less than assessed value, even though the deed clearly recited it was to clear title.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)">The options were to prepare the Gift Supplement or a narrative about the reason for clearing title. I did the narrative with the reasons for clearing title. It was a stretch to have that approach approved, be the gift affidavit would have required going back to the Grantor. I signed the narrative as agent for the Grantee.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)">I expect that if you provide a broker’s opinion showing the reduced value that could work, but that is probably more trouble than the gift affidavit.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)"><u></u> <u></u></span></p><div><p class="MsoNormal"><span style="color:rgb(31,73,125)">Michael A. Winslow<u></u><u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)">1204 Cleveland Ave.<u></u><u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)">Mount Vernon, WA 98273<u></u><u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)">Ph. 360-336-3321<u></u><u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)">Em. <a href="mailto:Mike@winslegal.com" target="_blank">Mike@winslegal.com</a><u></u><u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)"><u></u> <u></u></span></p><p class="MsoNormal"><span style="color:rgb(31,73,125)">This message is from an attorney, so it’s confidential. If you are not the intended recipient, it’s too late to stop reading this message, but you may not use it for any improper purpose. Huge Disclaimer available upon request.<u></u><u></u></span></p></div><p class="MsoNormal"><span style="font-size:12pt;color:rgb(31,73,125)"><u></u> <u></u></span></p><div><div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(181,196,223);padding:3pt 0in 0in"><p class="MsoNormal"><b><span style="font-size:10pt;font-family:Tahoma,sans-serif">From:</span></b><span style="font-size:10pt;font-family:Tahoma,sans-serif"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">mailto:wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Marcus Fry<br><b>Sent:</b> Friday, April 24, 2020 8:57 AM<br><b>To:</b> WSBA Probate & Trust Listserv (<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>)<br><b>Subject:</b> [WSBAPT] Excise tax and gift supplemental<u></u><u></u></span></p></div></div><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><a name="m_-3034852321983593562__GoBack"></a>Arms-length negotiation of sale of real property. Purchase price is less than excise tax. County is requiring a gift supplement because purchase is below County tax assessed value.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">This seems crazy. Anyone experience this?<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal" style="text-align:justify"><span style="font-size:10pt;font-family:Arial,sans-serif">Marcus J. Fry<u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:12pt"><span style="font-size:10pt;font-family:Arial,sans-serif">Lyon, Weigand & Gustafson, P.S. <u></u><u></u></span></p><p class="MsoNormal"><u></u> <u></u></p></div></div>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br>
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