Sword Of The Lord With Electronic Edge

Tuesday, July 12, 2011

Fan Who Caught Jeter's 3,000th Hit May Owe IRS | NBC New York

Fan Who Caught Jeter's 3,000th Hit May Owe IRS | NBC New York: "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"

No comments:

Please Help Support Us If You Like What You See On This Blog.