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When does the IRS consider someone a professional?
Posted on 8/28/26 at 9:59 am
Posted on 8/28/26 at 9:59 am
Do they alter their definition if someone changes employers?
The NCAA, affiliate conferences and member institutions have dug a deep hole
The NCAA, affiliate conferences and member institutions have dug a deep hole
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Posted on 8/28/26 at 10:01 am to GAT BoilerPickle Doc
We are miles from having concrete rules. Its all grey
Posted on 8/28/26 at 10:02 am to GAT BoilerPickle Doc
The IRS doesn't consider someone a professional.
The IRS considers income.
The IRS considers income.
Posted on 8/28/26 at 10:19 am to jonnyanony
quote:
The IRS doesn't consider someone a professional.
The IRS considers income.
Thus earning an income for services rendered would constitute professionalism?
Posted on 8/28/26 at 10:36 am to GAT BoilerPickle Doc
quote:
When does the IRS consider someone a professional?
The IRS doesn't care. Their motto: "You make money, you pay taxes."
quote:
Thus earning an income for services rendered would constitute professionalism?
For the Internal GAT BoilerPickle Doc Service, maybe that's a thing. But the IRS could care less. I think it's on their official seal "Ostende mihi pecuniam " (Show me da money).
This post was edited on 8/28/26 at 10:42 am
Posted on 8/28/26 at 10:41 am to GAT BoilerPickle Doc
quote:
Thus earning an income for services rendered would constitute professionalism?
If that's how you define it. The IRS doesn't, which is what you asked.
Technically the bum getting a $2 handout earns income that should be reported, if you want to call them a professional that's your call.
Posted on 8/28/26 at 10:46 am to GAT BoilerPickle Doc
Ever since the first college athlete got $ from a school/ booster and not from a business owner, they became professionals IMO.
How can most SEC starters be making $500k or more in "NIL", which is really just pay for play, and not be considered professionals
How can most SEC starters be making $500k or more in "NIL", which is really just pay for play, and not be considered professionals
Posted on 8/28/26 at 11:08 am to jonnyanony
quote:
bum getting a $2 handout earns income
No he doesn’t.
No services were rendered.
That’s called charitable giving.
Posted on 8/28/26 at 11:11 am to 304tiger
Are you a professional because you are paid to do a job or because you have experience and skill doing the job?
The NCAA says skill and experience (5 for 5).
The SEC says pay for play (signed an NFL or NBA contract and rostered/participated).
The NCAA says skill and experience (5 for 5).
The SEC says pay for play (signed an NFL or NBA contract and rostered/participated).
Posted on 8/28/26 at 11:13 am to GAT BoilerPickle Doc
College student athletes are just getting paid for their name, image, and likeness. Not for performance. That makes them amateur athletes. 
Posted on 8/28/26 at 11:14 am to pgaddxn
quote:
No he doesn’t
Cool. Let's say he sang a song for $2 then.
You can call him a professional singer if you want, the IRS doesn't care what you call him.
Posted on 8/28/26 at 11:15 am to mckibaj
quote:
College student athletes are just getting paid for their name, image, and likeness. Not for performance.
Not all get NIL. They all get some form of revenue sharing for performance.
Posted on 8/28/26 at 11:16 am to pgaddxn
And for what it's worth, the IRS still wants to know what charitable gifts you received. None of this matters to the term "professional" which is entirely subjective and not something the IRS even considers.
Posted on 8/28/26 at 11:19 am to jonnyanony
That’s not what you said, you said “handout” and “earned”.
You should have said “sang a song” initially.
Also I’m not concerned with what the IRS calls him. My concern was correcting the idiotic shite you said.
You should have said “sang a song” initially.
Also I’m not concerned with what the IRS calls him. My concern was correcting the idiotic shite you said.
Posted on 8/28/26 at 11:21 am to GAT BoilerPickle Doc
quote:
Thus earning an income for services rendered would constitute professionalism?
Would you consider Serraneaux a professional for dropping the fries down at the 30A Burger King?
Posted on 8/28/26 at 11:21 am to jonnyanony
quote:
And for what it's worth, the IRS still wants to know what charitable gifts you received. None of this matters to the term "professional" which is entirely subjective and not something the IRS even considers.
Again, I didn’t argue to the contrary. I only corrected your nonsense.
Posted on 8/28/26 at 11:21 am to pgaddxn
quote:
That’s not what you said, you said “handout” and “earned”.
You should have said “sang a song” initially.
You're being needlessly pedantic about something you clearly understood was a demonstration of why this doesn't matter.
And in either case the recipient would still need to report it and in either case the IRS would have no definition of professionalism.
Posted on 8/28/26 at 11:23 am to jonnyanony
quote:
You're being needlessly pedantic about something you clearly understood was a demonstration of why this doesn't matter. And in either case the recipient would still need to report it and in either case the IRS would have no definition of professionalism.
Again, I didn’t argue to the contrary. I only corrected your nonsense.
Posted on 8/28/26 at 11:31 am to jonnyanony
quote:
The IRS considers income.
Thus the IRS doesn't make a distinction between 500k paid to John Doe regardless if he's compensated by the Dallas Cowboys or Texas Longhorns ... correct?
If John Doe is traded from the Cowboys to the Saints, the IRS will still consider income earned ... correct?
If John Doe transfers from Texas to LSU, the IRS will still consider income earned ... correct?
If John Doe goes from the Cowboys to the Longhorns, the IRS will still consider income earned ... correct?
Once a professional, always a professional regardless of the employer
Posted on 8/28/26 at 11:42 am to jonnyanony
quote:
None of this matters to the term "professional" which is entirely subjective and not something the IRS even considers.
Well this isn’t true. The IRS has many different sets of rules defining different professions. Just one example off the top of my head: real estate. I have a second home that’s technically a rental for tax purposes. As it stands, I can take a nice passive loss, but if I jumped through the IRS’s hoops to qualify as a “real estate professional”, I could use those losses to offset my other income rather than having them treated solely as passive losses.
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