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See above. I apologize and will stick to taxes. Making the player ineligible is apparently enough for wire fraud. Taking an L on this part of it.

Edit - I will take an L here. Interesting that they say that knowingly making a player ineligible through concealed payments is enough to constitute wire fraud and all of that. My apologies and removing my ignorant misinformation. I’ll stick to taxes.

Deleting my stupidity so others don’t repeat it. Shame. Shame. Shame.

I will be honest, I don’t touch criminal side of tax and definitely not money laundering. I have done corporate, international, and mainly tax exempt orgs/health care. It sounds like you know more than me on the criminal side of not paying taxes. But generally speaking, if you recognize...

Well, a couple of points. Every person is allowed up to $14k per year from a “charity” or family member or similar as a gift that is not taxable. So you can extrapolate the money from there if a church or not for profit gives money to a recruit’s family. Second, it is important to keep IRS...

My legal opinion is you know your *** from your elbow about this and are repeating things you may have seen in a movie. A gift implies there is no consideration given in return. If a recruit is given $100k in cash for nothing and does not report it, then yes they are committing tax fraud. If...

I am a tax attorney and got my LLM in Tax from Miami. Appreciate the advice though.

And again, if they recognize that income then what is the issue? If the house is worth 50k, booster pays 500k, and they recognize 450k then where is there a problem? Also, if you sell your house and buy a new house within 12 months you do not need to recognize that gain. The fund can say we...

What is illegal under federal law in buying someone’s house or business if all taxes are paid, reported, etc.? ****** investments are made every day.

Ok that is great in theory. Who is doing that and how? Do you think the IRS in the current political climate is going after low income families? This would only apply to unreported income. That is pennies in the big picture of unpaid taxes. Now let’s say it is one of the other cases where...

What happened in basketball? Seriously. LSU's coach was on a wiretap talking about needing to increase their offer to get the deal done and the school fired the AD for suspending him for it. That is almost on par with SMU continuing to pay kids after getting busted because they made a...