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Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
C'mon now really? This country is so upside down. Arresting home owners who put gardens in their own front yards, raiding 8 man poker home games, and now chasing down some fan who caught a home run ball. It's good to see we have our priorities in order. Hopefully Jeter and the Yankees pick up the guys tab here.
Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
Tuesday, Jul 12, 2011
AP
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.
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,
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Re: Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
Quote:
Originally Posted by Real World
C'mon now really? This country is so upside down. Arresting home owners who put gardens in their own front yards, raiding 8 man poker home games, and now chasing down some fan who caught a home run ball. It's good to see we have our priorities in order. Hopefully Jeter and the Yankees pick up the guys tab here.
Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
Tuesday, Jul 12, 2011
AP
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.
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,
LOL, you know what would be a funny late night sketch(s)? Picture a guy watching TV as Jeter hits his 3000th hit(home run) that is caught by the fan. The guy watching it on TV is cheering uncontrollably, jumping up and down and screaming and the audience thinks its all about Jeter's milestone...that is until it's revealed he's just an IRS agent that's thrilled he's going to be cashing in on the 13k in taxes. Another one could be a guy watching and cheering as a 50 million powerball lottery played out on live TV and the audience thinks he's the winner only to find out he is just an IRS agent that's going to be collecting half of it from the actual winner.
Re: Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
Quote:
Originally Posted by PatsSB42
LOL, you know what would be a funny late night sketch(s)? Picture a guy watching TV as Jeter hits his 3000th hit(home run) that is caught by the fan. The guy watching it on TV is cheering uncontrollably, jumping up and down and screaming and the audience thinks its all about Jeter's milestone...that is until it's revealed he's just an IRS agent that's thrilled he's going to be cashing in on the 13k in taxes. Another one could be a guy watching and cheering as a 50 million powerball lottery played out on live TV and the audience thinks he's the winner only to find out he is just an IRS agent that's going to be collecting half of it from the actual winner.
How bout one that has the kid and his father (who dropped the ball first) at Thanksgiving dinner. Imagine the crap that that guy has to put up with from now on about "dropping the ball".
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Re: Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
If you won a prize on Oprah Winfrey you had to pay taxes.. if you win money on Jeopardy you have to pay taxes.. that idiot Richard Hatch is doing time again for failing to pay taxes on his winnings from the show Survivor..
Unfortunately this is the way this world of taxes works, maybe he can figure out how to get mucho deductions prior to next year to offset the hit..
The article says he may owe.. and it does not say that the IRS is after him, it says they may be after him.
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
Re: Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
I'm another that doesn't see the injustice. Anytime you receive a benefit like this you are going to pay taxes on it. I'm sure the Yankees will be the ones to 1099 him so that they are sure to get the deduction.
Re: Priorities: Fan Who Caught Jeter's 3,000th Hit May Owe IRS Thousands
Quote:
Originally Posted by JackBauer
Meh. How is this any different from the IRS taking a cut of, say, lottery winnings?
I get to attend several Patriots, Red Sox and Celtics games every year for....
FREE!!!
Courtesy of the business I'm in.
And I don't pay a dime of taxes on it! That's why "PatriotsReign"!!
I know a guy who works in the banking industry who told me last year he played 80 rounds of golf "on the house"! And he wasn't taxed on it either! And that's the way it should be.
Whenever one of our employees wins a "Prize" from our company, the co. pays the taxes...pretty cool I'd say.
So why is this young man any different?
Maybe I should be stupid and add up the value of all the games and send the gov't a check! NOT...
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 07-12-2011 at 11:55 AM..