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Tax Man Cometh For Christian Lopez, Fan Who Caught Derek Jeter's 3K Homer


billybang

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http://www.nydailynews.com/ny_local/2011/07/12/2011-07-12_christian_lopez_fan_who_handed_over_derek_jeters_historic_3000thhit_ball_will_ow.html

The fan who handed over Derek Jeter's 3,000th-hit ball will owe the IRS thousands, tax pros said Monday.

Christian Lopez, 23, will probably be on the hook for $5,000 to $13,000 because of the luxury seats the grateful Yankees gave him, the accountants said.

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They have to determine if this is a gift or not. If it is determined that its not, that its a "prize" or "payment" (or whatever the clarification is), then the tax will most likely be picked up by Jeter, and it should be. I feel bad for this guy, he turns the ball in, gets blasted on twitter and message boards and called awful names and now he might get hit with a big tax. Ay yi yi.

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They have to determine if this is a gift or not. If it is determined that its not, that its a "prize" or "payment" (or whatever the clarification is), then the tax will most likely be picked up by Jeter, and it should be. I feel bad for this guy, he turns the ball in, gets blasted on twitter and message boards and called awful names and now he might get hit with a big tax. Ay yi yi.

Would he have to pay tax on Jeter's picking up of the tax? ;)

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http://www.nydailynews.com/ny_local/2011/07/12/2011-07-12_christian_lopez_fan_who_handed_over_derek_jeters_historic_3000thhit_ball_will_ow.html

The fan who handed over Derek Jeter's 3,000th-hit ball will owe the IRS thousands, tax pros said Monday.

Christian Lopez, 23, will probably be on the hook for $5,000 to $13,000 because of the luxury seats the grateful Yankees gave him, the accountants said.

God bless America.

Things like this make me long for Sicily even more than I already do!

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.

If you drive a car, I’ll tax the street.

If you try to sit, I’ll tax your seat.

If you get too cold, I’ll tax the heat.

If you take a walk, I’ll tax your feet. ........... TAXMAN

George Harrison, 1966

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