'25 NC OT David Sanders (Tennessee commit)

#2,526
#2,526
Frankwillie87 said:
I am a CPA weighing in here.

I am not your CPA, I am not a professional athlete's CPA, I am not offering tax advice.

Athletes in states with state income taxes will be asked to defend their position and it will likely come down to their individual contracts.

NIL is not for playing football, but they will likely go to court and try to determine whether that is true in substance and in form.

There's a lot of half-truths in this thread (SALT cap limitations for federal taxes, 51% residency requirements, etc) that are not 100% accurate or there are workarounds that are tried and true.

I will just offer my opinion that state taxation makes a huge difference and that even if someone is able to make the argument that X percent of their income does not apply to a state that has state income tax, you still have to pay the legal fees and CPA firm fees (along with potential penalties if you lose) if you are the first one taking an Uncertain Tax Position in that state.
Click to expand...
In other words…just come to Rocky Top 🍊 😎
 
  • Like
Reactions: LibertyVol, white65, Smokey19rt and 11 others
#2,527
#2,527
Voluble2 said:
The only thing we know for certain is that everyone in this thread will be qualified to take the CPA exam by the time he makes his decision.
Click to expand...
Monkey Calculate GIF
 
  • Like
Reactions: 85SugarVol, HeadVol77, Pacer92 and 15 others
#2,533
#2,533
DaddyChad said:
Let me break this down for everyone. We made a “strong ass offer” nil wise. His family has been comfortable with the staff and class at Tennessee for a good long while. If any program is going to overcome that it would be one like Ohio State but I still feel good here.
Click to expand...
ChatGPT, please summarize the past 30 pages of this thread
 
  • Like
Reactions: HeadVol77, GroverCleveland, white65 and 2 others
#2,543
#2,543
BarrythesnoUT said:
Slightly off topic.

The OSU On3 mods have to be the biggest, most unprofessional homers in the history of homerism. They’ve done nothing but participate in the ‘Those visits Sanders made over the weekend were just a facade; he’s a Buckeye.’ circle jerk with the rest of the delusional plebes on that board.
Click to expand...
^^^haven’t read a UGA message board
 
  • Like
Reactions: Vol in Buckeye Land, titansvolsfaninga and CaliVol2009
#2,545
#2,545
  • Like
Reactions: HeadVol77, TN-POSSUM, OptimusPrimerib and 2 others
#2,548
#2,548
The Cornhuskers are trying hard to become a factor late, and they are being considered, but Ohio State still looks to be Tennessee’s biggest competition. It is those three schools in the mix. Georgia has not really been a factor for some time. Tennessee has been as consistent as any school in play for Sanders. His relationships are real with those in Knoxville and other recruits that will play at Tennessee and there is a good feeling by those connected to the program about the Vol’s chances next month.
Click to expand...

Simmons
 
  • Like
Reactions: captainfalcon777, bigl3327, Volunteer821 and 47 others
New posts
You must log in or register to reply here.

VN Store



Back
Top