Can you believe this? Maybe the fan should have kept the 3000th hit ball. Your thoughts + story inside->?
Buzzkill: Fan competence owe taxes upon rewards for Jeter’s 3,000th
Christian Lopez competence end up wishing he kept which round after all.
Lopez became some-more than the footnote to the philharmonic of Derek Jeter(notes) removing his 3,000th strike upon Saturday during Yankee Stadium by returning the miracle round to the New York Yankees shortstop rsther than than money it in for the expected six-figure payday. That overwhelmed off the discuss still distracted in between fans days later: Would we have since the round behind or sole it to the top bidder for the payday which was rumored as tall as $250,000?
For his gesture, Lopez was rewarded by the Yankees with oppulance box tickets for the rest of the deteriorate (including postseason), along with sealed baseballs, bats as well as jerseys from Jeter. In addition, Lopez perceived 4 reward front-row seats to final Sunday’s Yankees-Rays game.
Nice haul, right? Sure, though with those inexhaustible gifts comes taxation liability. As George Harrison once sang for the Beatles, “Let me discuss it we how it will be; There’s the single for you, nineteen for me. ‘Cause I’m the Taxman.”
The IRS will expected cruise Lopez’s gratuities from the Yankees as income, as well as if so, he could end up carrying to compensate anywhere from $5,000 to $13,000 in taxes, according to the New York Daily News. The New York Times, meanwhile, says the face value of the tickets to the superfluous 32 regular-season games during Yankee Stadium have been value anywhere in between $44,800 as well as $73,600. The paper’s regressive guess puts Lopez’s taxation check during $14,000.
Lopez, but, seems unfazed by these revelations.
If the IRS comes calling, he says he’ll compensate those taxes:
“Worse comes to worse, I’ll have to compensate the taxes,” he told the Daily News upon Monday. “I’m not starting to lapse the seats. we have the lot of family as well as friends who will help me out if need be.
“The IRS has the pursuit to do, so I’m not starting to reason it opposite them, though it would be cold if they helped me out the small upon this.”
It’s misleading from the allude to either the “they” Lopez refers to equates to the IRS or the Yankees. The IRS could patently help him out by deliberation the equipment he was rewarded as gifts, rsther than than income. Then he wouldn’t owe as most in taxes.
But could Derek Jeter or the Yankees additionally step in as well as compensate the taxes for Lopez? One taxation consultant the Daily News spoke to done which really suggestion.
What the buzzkill. Lopez voiced goal which his relatives would help him out with whatever taxes he competence owe. But they could justly indicate out which the small of which memorabilia — not to discuss most of those tickets — could be sole off to cover his expenses. (Lopez competence have to do which anyway, revelation reporters which he still owes some-more than $100,000 in tyro loans.)
Lopez being radically punished for what so most saw as the fantastic help as well as unselfish action makes for the discouraging addition to the excellent tale.
But may be there’s still the pleased finale to come.
Comments
Dammit Scooter you beat me to MY question! I reckon he’s an idiot he has to pay for the taxes now but no honestly Dereck Jeter will pay for the taxes. I just like the US and it’s ways don’t you?
Just saw that on SportsCenter. That’s BS. I hope the Yankees are classy enough to help him pay some of that.
Jeter should pay that off for him. as a thank you
Thats bull crap, screw the IRS
The IRS normally “looks the other way” when fans receive valuable home run balls. Apparently not when it’s this high-profile of a case.
The Yanks or Jeter should cover the taxes. It would be the right thing to do.
If the Yankees or Jeter help him out that would also be a gift and he would get taxed on that too, LOL!
I mean, I can’t really say much other than it really sucks. The IRS has to do this because if they don’t, they would get criticized and possibly sued for discrimination purposes. They have to treat people as equals.
That being said, the Yankees or Derek Jeter should cover the costs of that. I5 would only be about $20,000 and to DJ/the Yankees, that’s nothing.
But, if anyone catches a home run ball and is offered a bunch of stuff, make sure you include in your demands that the team pays the taxes.
The Yankees already gave him a generous gift. I don’t know why so many reckon that the Yankees should be obligated to pay taxes on top of it. He should sell a share of the luxury box games and be done with it. It is really no different than winning a new car in a raffle.
Being an idiot is expensive. Excellent deed , excellent shmeed. GIVING away something that was worth hundreds of thousands of dollars to the SUPER RICH makes you a helmet wearing , mouth breathing retard. I hope he doesn’t have to pay the taxes but this guy is going to regret his choice for the rest of his life.
That sucks for him.
Jeter or the Yankees better help him out and pay it for him.
That really sucks and hopefully the Yankees will help him pay for it. But I don’t get why he is being taxed. The Yankees gave him the tickets pretty much as a gift and now he is forced to pay an outrageous amount for it. But if I was him I’d sell some of the tickets to games that he can’t attend. Since the estimated value of the tickets is between $44,800 and $73,600 I averaged it out to be $59,200 for the 32 games. So that means that the price for each game is $1,850. So he would only need to sell the tickets for eight games to pay that off. With work and other things to do, I bet he can find eight games that he can’t attend. Plus, he has four tickets for each game. So if his girlfriend, dad, etc. can’t go, then he can sell one, two, or three of the tickets and use the fourth for himself. But it’s his choice to attend the games, and if he has family and friends willing to help him out then that’s fine. He is a fantastic person for giving the ball back to Jeter for free though.
He made a snap, even rash, choice without considering possible consequences. So he has to live with the consequences.
Proposed solution: EVERY fan of any stripe who responded to his giving the ball back to Jeter with some form of “awww…”, “classy”, “that was nice”, “that’s what I’d have done” or the like, should send $5.00 to Lopez. That’d mount up to six figure pretty quickly.
C’mon, someone set up a Facebook page for “pay Lopez’s taxes” and get it rolling by dinnertime.
No excellent deed goes unpunished.
The answer is stubhub. Let him sell half the tickets and the proceeds should cover the federal, NYS and NYC income taxes. I would rather get a prize worth $50,000 and sell half of it than get nothing.
it sucks. Just because the 3000 ball was estimated $250,000 doesn’t mean he sold it for that much.
I reckon the Yankees or Jeter should cover the taxes on it
I reckon he did a classy reckon in returning the ball. I hope the Yankees come through and help him out in the long run. I know the IRS is just doing its job. I hope this still ends up a pleased tale. I guess we will see.
He should have kept it!
I’m no expert with taxes and the IRS but I heard that he can more than likely write them off as a gift. The Yankees had no obligation to give him anything. They chose to gift him with the tickets and memorabilia. Let’s hope this is a case of the media making something a larger issue than it is.
But, if this kid does owe $14,000 then Jeter should certainly cover the costs. That is pocket change to Jeter and wouldn’t affect him in any way.
Sure he could also sell the tickets to make the money but that isn’t honest either. So he has to sell these tickets he got for doing something excellent (but stupid) just so he can cover the taxes?
Sure it was nice what he did but it was stupid. I wonder if he’s regretting his choice.