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Maybe you should go ahead and put your d!ck on the table since you seem to want to take jabs in wild arrogance/ignorance as to my professional background while clearly not understanding it, even after I've explained it very clearly. You're a T&E attorney who has advised multiple billionaires...

No, I just managed investment portfolios for billionaires, including people more wealthy than I'm sure anyone on this site has worked with. I have often and frequently encountered tax work for the extremely wealthy, including things like modeling cascading GRAT's and managing CDIT portfolios...

My recollection is the employer pays payroll taxes on a W2 but not on a 1099 (based on very limited experience running books for a business). In this case, the recipient would more likely be on a 1099 basis as they're not employed, but independent contractors. And again, the booster...

OK, I hear you here, but if it goes to the estate, and we're talking about actual potential criminal tax liability, why the **** would the giver care if he's dead? Further, you always should file for everything. But we know that's not the case unless your name is Ned Flanders. Regardless...

This seems germane but still shouldn't matter to the person giving unless there would be something like payroll taxes involved, which there aren't. And again, if the IRS f**ks the kids, the system remains intact and nobody bats an eye.

Does the gift tax form require to specify the recipient? One would think so for accountability of the recipient to pay taxes on said gift.

I've been saying the same thing, although it could be the FBI for racketeering. The problem with the IRS getting involved is there's nothing illegal about a school or its boosters paying a player, and there are no tax ramifications for the giver of the cash (that I'm aware of) short of the...

Didn't read it because I already know what it's gonna say, but ESPN won't make the SEC look bad if it means making Miami look bad. What they WILL do, however, is start to write pieces about why it's good to pay players $100K under the table.

I'm astonished ESPN is even writing about it.