They're not checks, they're not deposited deposits, they are assets. It could be a vehicle, it could be free gear, travel, or sometimes a piece of a company. As a result, Student athletes can find themselves owing taxes on income that they received in forms other than cash. creating financial obligations that many do not fully anticipate or even understand. Mr. Riola, the IRS treats those items as taxable compensation and failing to report them is one of the quickest ways obviously to get audited. (00:54–01:01)
CLAIM
Asserts that student athletes owe taxes on non-cash income.
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