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Nicole (or someone) is going to have to educate me on this one because I have a feeling she is more in tuned to what the IRS has a say in with companies giving stuff away.
Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
http://www.nbcnewyork.com/news/local...125406723.html
They couldn't just give the guy the stuff? The IRS seriously needs a cut of it? If the Yankees are so happy to have the ball back, why didn't they offer to pay the IRS and give the guy the stuff as well? "Thanks for the ball and here is a few thousand to get the IRS off your ass". I understand our government is hurting a bunch but Holy Christ the IRS is getting asinine. Pay taxes on 'Gifts and Prizes'? What the FUCK.
Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
The tax man may be on the hunt for the super fan who caught Derek Jeter's 3,000th hit.
Christian Lopez, 23, recovered the prized ball his father fumbled after The Captain hammered it into their section of the stands in the third inning of the Yankees' win over Tampa Bay on Saturday.
The Verizon salesman from Highland Mills, N.Y., gave the ball back to Jeter, whom he called an "icon," and the Yankees lavished a slew of prizes, including luxury box seats for every remaining home game this season and post-season and some signed memorabilia, upon him.
Now the IRS wants a piece. The prizes Lopez received are estimated to be worth more than $32,000 -- and, like game show contestants, Lopez may have to pay taxes on the gifts and prizes because the IRS considers them income.
Some estimate the IRS will put Lopez on the hook for anywhere between $5,000 and $13,000, reports the Daily News.
Multimedia
If it comes down to that, Lopez says he'll pay the tax man because he's not about to relinquish his seats. The young government major says his family and friends will help him out.
"The IRS has a job to do, so I'm not going to hold it against them, but it would be cool if they helped me out a little on this," Lopez told the News.
The specially marked home run ball Lopez returned to Jeter was estimated to have been worth about $250,000 to $300,000 at auction.
Christian Lopez, 23, recovered the prized ball his father fumbled after The Captain hammered it into their section of the stands in the third inning of the Yankees' win over Tampa Bay on Saturday.
The Verizon salesman from Highland Mills, N.Y., gave the ball back to Jeter, whom he called an "icon," and the Yankees lavished a slew of prizes, including luxury box seats for every remaining home game this season and post-season and some signed memorabilia, upon him.
Now the IRS wants a piece. The prizes Lopez received are estimated to be worth more than $32,000 -- and, like game show contestants, Lopez may have to pay taxes on the gifts and prizes because the IRS considers them income.
Some estimate the IRS will put Lopez on the hook for anywhere between $5,000 and $13,000, reports the Daily News.
Multimedia
If it comes down to that, Lopez says he'll pay the tax man because he's not about to relinquish his seats. The young government major says his family and friends will help him out.
"The IRS has a job to do, so I'm not going to hold it against them, but it would be cool if they helped me out a little on this," Lopez told the News.
The specially marked home run ball Lopez returned to Jeter was estimated to have been worth about $250,000 to $300,000 at auction.
They couldn't just give the guy the stuff? The IRS seriously needs a cut of it? If the Yankees are so happy to have the ball back, why didn't they offer to pay the IRS and give the guy the stuff as well? "Thanks for the ball and here is a few thousand to get the IRS off your ass". I understand our government is hurting a bunch but Holy Christ the IRS is getting asinine. Pay taxes on 'Gifts and Prizes'? What the FUCK.
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