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re: Richt paid his coaching staff out of pocket.

Posted on 12/20/11 at 2:20 pm to LC412000

Posted by drexyl

Mingovia

Member since Sep 2005

23086 posts

Posted on 12/20/11 at 2:20 pm to LC412000

quote:
Message Posted by LC412000 Wonder if the IRS will show an interest in the income received from Coach Richt?

gift exclusion

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Posted by dapado33

Birmingham

Member since Feb 2009

1054 posts

Posted on 12/20/11 at 2:30 pm to drexyl

quote:
gift exclusion

It's not a gift when the person received it in exchange for doing their job.

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Posted by bill1963

Member since Aug 2006

63 posts

Posted on 12/20/11 at 5:39 pm to drexyl

(no message)

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