Michael Irvin gifts an RV to Mark Fletcher's Mom 👀

[miamicanephins]

And who is going to drive it? That RV is long.

And then parking

 

[Cuddlefish]

 

[miamicanephins]

Ok, that makes sense now, they're going to film the travels.

 

[AtlAtty]

Ok, that makes sense now, they're going to film the travels.

Yep. It’s a business expense for Irvin which is smart for him and still a great gift to the Fletcher family.
@TheOriginalCane I assume Fletcher will have to pay ordinary income tax on the RV as an “ascension to wealth”?

 

[TheOriginalCane]

Yep. It’s a business expense for Irvin which is smart for him and still a great gift to the Fletcher family.
@TheOriginalCane I assume Fletcher will have to pay ordinary income tax on the RV as an “ascension to wealth”?

Not...necessarily...depends on the structure of the deal.

If it's the "compensation" for the appearances on the show, and the family gets to keep the RV at the end, then "yes".

But it could be structured that it's a lease and the production company retains ownership afterwards.

I lean to the first example, I'd imagine that Michael Irvin wants her to keep it after the show. But if he times the transfer of ownership for a year, the value would be lower, and she'd pick up less taxable income.

Oh, ****, it actually WOULD be better for the production company to own it for a year. 100% BONUS DEPRECIATION!

 

[CaneLife93]

Not...necessarily...depends on the structure of the deal.

If it's the "compensation" for the appearances on the show, and the family gets to keep the RV at the end, then "yes".

But it could be structured that it's a lease and the production company retains ownership afterwards.

I lean to the first example, I'd imagine that Michael Irvin wants her to keep it after the show. But if he times the transfer of ownership for a year, the value would be lower, and she'd pick up less taxable income.

Oh, ****, it actually WOULD be better for the production company to own it for a year. 100% BONUS DEPRECIATION!

Love the smell of accounting in the afternoon

 

[miamicanephins]

Yep. It’s a business expense for Irvin which is smart for him and still a great gift to the Fletcher family.
@TheOriginalCane I assume Fletcher will have to pay ordinary income tax on the RV as an “ascension to wealth”?

 

[AtlAtty]

Love the smell of accounting in the afternoon

Smells like . . . Victory

 

[MedleyCane]

Amazing gift by Michael Irving...............................How long before the NCAA suspends Fletcher

It will be called the "Miami RV rule" going forward. Lol.

 

[pyhooya]

It will be called the "Miami RV rule" going forward. Lol.

No.... Michael iRVing rule

 

[Xander]

Heard it's going to be a huge Netflix production

 

[skyman]

Getting on road..

 

[skyman]

First episode dropped, over 100k views already. Mike saw the vision, congrats to all involved.. Even the parents getting NIL.. Dope

 

[Hoyacane1620]

Linda Fletcher is such a likeable person. I cannot imagine there is anyone who doesn't like and respect her.

 

[UnForgiven]

First episode dropped, over 100k views already. Mike saw the vision, congrats to all involved.. Even the parents getting NIL.. Dope

Internet needs more content like this. Watching stuff like this is very good for the soul. World could use more great moms, too.

Huge fan of the entire Fletcher family.

 

[skyman]

Linda Fletcher is such a likeable person. I cannot imagine there is anyone who doesn't like and respect her.

So true, great energy when entering a room and friends with everyone.. Big Mark was also a great people person, not surprising Mark is who he is and also has great energy.