Why we need a REAL SMALL GOVT….
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.
Have you paid your taxes on that apple pie mommy made for you and did not charge you for?
- Rethinking a Gift to Jeter (cityroom.blogs.nytimes.com)
- Gave Jeter ball, and will give to IRS too (nydailynews.com)
- Fan who caught Jeter ball could owe big taxes (news.blogs.cnn.com)
The apple pie was a gift, subject to the ~$12K that anyone can give to anyone.
ReplyDeleteI think.
Her pie was better than that
ReplyDelete