The Green and the Gold Collective Sunday Night Event

[td577]

How many athletes will this cover? All sports or just football?

Sounds like it will benefit whoever they want.

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[89MTBISON]

How is this student/athlete income reported? 1099?

[southcliffbison]

How is this student/athlete income reported? 1099?

Has to be or better be reported income ........it's money, it's income; there's nothing free about it; it's for services rendered....... pay the fucking tax !!!!

[El_Chapo]

just live stream thru the GandG facebook page tonight with your phone or ipad


it'll help building more facebook followers when we share it out Jay!

*marketing 101 baby!*

[bisonaudit]

How is this student/athlete income reported? 1099?

I assume so.

[89MTBISON]

Has to be or better be reported income ........it's money, it's income; there's nothing free about it; it's for services rendered....... pay the fucking tax !!!!

What service is rendered? I pay for my season tickets. This seems more like a donation.

[bisonaudit]

What service is rendered? I pay for my season tickets. This seems more like a donation.

Well, a) all cash receipts are presumptively income as far as the tax authorities are concerned. B) I thought there was a whole list of stuff on the collective’s website that the recipients were doing in exchange for the funds. C) let’s be real, their work is our entertainment. d) Or if this works better for you: you are paying them not to go to coastal Carolina or JMU.

[89MTBISON]

Well, a) all cash receipts are presumptively income as far as the tax authorities are concerned. B) I thought there was a whole list of stuff on the collective’s website that the recipients were doing in exchange for the funds. C) let’s be real, their work is our entertainment. d) Or if this works better for you: you are paying them not to go to coastal Carolina or JMU.

What if I receive a financial benefit from the gift/donation/purchase? Is it ok for a business to benefit financially from this? Seems as though they do. Could Gate City Bank give money so more eyeballs see their marketing in the FFD?

[TAILG8R]

What if I receive a financial benefit from the gift/donation/purchase? Is it ok for a business to benefit financially from this? Seems as though they do. Could Gate City Bank give money so more eyeballs see their marketing in the FFD?

Of course they could. If the players bring the eyeballs and fans come because player cuz is ok the field …


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[kab1one]

How is this student/athlete income reported? 1099?

Service is pretty straight forward on this one.

https://www.taxpayeradvocate.irs.gov...xable%20income.

It's taxable to the athlete.