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re: A fix (maybe an easy one) to all this mess...PLAYER accountability
Posted on 9/28/17 at 6:39 pm to threedog79
Posted on 9/28/17 at 6:39 pm to threedog79
quote:
Possibly, but then it would clearly show a pay for pay scheme for that University and would put them in clear violation of NCAA rules and thus the program would be severely punished.
No it wouldn't. No one would ever see your tax return. IRS can't talk about it with anyone else without your consent.
You can report illegal income and they can't use that as evidence against you in court.
This post was edited on 9/28/17 at 6:46 pm
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Posted on 9/28/17 at 6:41 pm to Vecchio Cane
quote:
The recipient of a gift doesn't pay the taxes on it. Sure there are circumstances, but again, do we need to add more clutter to the courts?
IRS wouldn't let you call it a gift. You're performing services for the money
Posted on 9/28/17 at 6:49 pm to MoarKilometers
Posted on 9/28/17 at 6:51 pm to Weagle25
There is no way to prove you are paying them to play if you have someone removed from the university handle the payment
For instance, a "financial advisor" not connected to the university
Person wouldn't even be in trouble now if it weren't for the "FI" being an informant
For instance, a "financial advisor" not connected to the university
Person wouldn't even be in trouble now if it weren't for the "FI" being an informant
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