Ian
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"Prove all things; hold fast that which is good"
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Property discussion
« Reply #8 on: Yesterday at 05:21:55 AM »
Bob Pickle on March 22, 2010, 09:52:34 PM wrote:
Ian on March 22, 2010, 07:26:29 PM wrote:
Now here is your link to that "court document":
http://www.3abnvjoy.com/mad-07cv40098/m ... -224-8.pdf
What does it really say, Bob? Because it doesn't say "that 48 acres of land was given to Danny in exchange for $96,000" as you claim.
It says the land (worth 96,000) was deeded to Danny Shelton for "ONE DOLLAR"
Now straighten up and get right, Bob!
See line 11 on page 4 of which says that the "Full actual consideration" was $96,000.
Yes, that is the taxes part and what it is worth, and that worth was deeded to Danny by 3abn. (other reportable compensation, 96,000) Moving on...
Bob Pickle on March 22, 2010, 09:52:34 PM wrote:
Ian on March 22, 2010, 07:26:29 PM wrote:
" Schedule J part III -- Land valued at $96,000 was deeded to Danny Shelton (former president and current trustee/consultant) per the terms of a non-compete employment agreement vote by the Board of Trustees."
and it counts as "other reportable compensation" ---> 96,000 also just as they reported.
My point is still that the 2008 Form 990 that was filed with the IRS omits the above language from Part III of Schedule J, even though that language is in Part III of Schedule J of the version of the same form filed with the states of Illinois and Oregon.
Any member of the public who is considering donating to 3ABN who gets a copy of the 2008 Form 990 from the IRS will not know that 3ABN gave $96,000 worth of land to Danny Shelton instead of summarily firing him and booting him out the door for his reprehensible misdeeds.
I dare to say most are only looking at what he was compensated which is the 96,000 and could care less how he was compensated, ie was the 96,000 paid in cash, by check, in land, or with a hill of beans..
Moving on...
Bob wrote:
And that gift of land was voted by the 3ABN Board while 3ABN's property tax case was still in appeal, a case in which Danny Lee Shelton testified under oath that he didn't receive housing or retirement benefits.
I shouldn't have to point out the obvious to you, Bob.
A non compete employment agreement is NOT housing or retirement benefits.
Which brings us to your last error/falsehood in your little scenario, and Gailon's riddle. He posted:
Now we have a Post Nuptial Agreement done by Danny Lee Shelton with Brandy in 2008 that declares that Danny Lee Shelton took the proceeds of the sale of the old homestead to James Gilley and purchased the land for $96,000.
That agreement also doesn't say what you claim it does..
It says:
The parties acknowledge that the Husband had a home which he was awarded pursuant to his agreement with his former wife, Linda Sue Shelton. That home has been sold and the proceeds from that sale have been used to purchase new real estate in West Frankfort, Illinois, on which he is currently building a home which will be subject to a mortgage.
Real estate is not just land, Bob Nor does that agreement say Danny paid 96,000 for the land.
So let's recap. Danny paid Linda 150,000 for her part of their house making it all his.
Next the house is too big for him and he sells it to Jim Gilley.
Then he takes the money from that sale and builds the house he wants and adds what he wants to the land which was deeded to him as part of the non-compete agreement.
Real estate definition according to the legal dictionary:
real estate
n. land, improvements and buildings thereon, including attached items and growing things. It is virtually the same as "real property," except real property includes interests which are not physical such as a right to acquire the property in the future.
Riddle over. No one is a false witness here, except you and Gailon. I know you could not possibly be deliberately or knowingly doing that, so you must have misunderstood, and made a mistake and that is why you were in error.
But-- being that you are both dedicated to truth, justice and the american way, and are trying to serve God in all this, I am sure you will do the right thing here and correct your false claims here, and edit your "save-3abn exclusive" report on your web page.
Because to not do so will be to continue bearing false witness, knowingly and deliberately, and I know God's people would NEVER do that, or continue to argue, justify and excuse that kind of thing.
So where do you stand, and what will you do, Bob? Who are you going to be?