Thursday, March 22, 2012

More Questions About Those New Orleans Saints Bounty Payments

This Sports Illustrated article points out "The bounties violated the league's $120.3 million salary cap as extra off-the-books compensation."

Was that compensation taxable income?  If so, did the players report it to the IRS?  If not, will the IRS levy penalties more severe than the NFL?

1 comment:

Kate Dunkin said...

Very interesting take on the whole NFL Saints bounty situation Jill. I came across your post while I was reading articles about irs wage levy's and what options are out there for people. I'm happy I did because this was really a great read, thank you for sharing this with us!