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We aware we just gave 800k to a bball player?

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We went from:

LEt's sEe iF RUiz aKshUlLy sPEnDS aNY mOnEy!

To:

rUIz Is sPENdIng tOo MuCH mONeY aND iS tOo lOUd!!!!

Btw, where's Billy Corben and the clown at Magic City Casino (that almost singlehandedly got sportsbetting stopped in this state) with an apology to Ruiz for claiming a) he doesn't have the cash to spend and b) that he wouldn't if he did?

Ohhhh, I know. They've moved onto trying to get attention for themselves by attacking Beckham and Mas and revealing thar they're actually buttbuddies with David Samson.
 
Back that thang up.

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Tad Footeball said:
We went from:

LEt's sEe iF RUiz aKshUlLy sPEnDS aNY mOnEy!

To:

rUIz Is sPENdIng tOo MuCH mONeY aND iS tOo lOUd!!!!

Btw, where's Billy Corben and the clown at Magic City Casino (that almost singlehandedly got sportsbetting stopped in this state) with an apology to Ruiz for claiming a) he doesn't have the cash to spend and b) that he wouldn't if he did?

Ohhhh, I know. They've moved onto trying to get attention for themselves by attacking Beckham and Mas and revealing thar they're actually buttbuddies with David Samson.
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Billy Cornudo
 
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Pearson704 said:
Tax experts in the room: can the NIL funds be written off on taxes as a business expense?
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Absolutely. Fees paid for contractual services to be rendered. The service in this example is the use of the kid (or his likeness) for advertising and promotion. Unless the kid has created (and is operating within ) a corporate structure, he would need to be personally 1099'd and thus would be on the hook to declare that income as self employed income on his own personal tax return.

Bottom line, and this is usually the case across the board with regards to US tax law, if someone has to claim the proceeds as income....someone (the person that shelled out the proceeds) gets to likewise claim the corresponding payment as an expense on their end. That other end would be John Ruiz's company in this example.
 
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