Teams
Forum List

Search results

Search the forum Search Articles
  1. isufbcurt

    NCAA set to allow direct payments to athletes

    Publicly traded companies can still be closely held by the private owners and they can stack the board as they see fit. A publicly traded company in Ames is set up just like that. Hell a publicly traded company in WDM has Lynn Swann as board member lol
  2. isufbcurt

    NCAA set to allow direct payments to athletes

    Um we had similar rules in the past that were ruled unenforceable
  3. isufbcurt

    NCAA set to allow direct payments to athletes

    LifeWallet
  4. isufbcurt

    NCAA set to allow direct payments to athletes

    There's no salary cap on endorsements in professional sports.
  5. isufbcurt

    NCAA set to allow direct payments to athletes

    And that will be the lawsuit that gets the clearinghouse axed
  6. isufbcurt

    AD? Make that LLC instead

    I agree. But most businesses do it until caught, and in fact most businesses don't get caught. For example the feds don't really care, its the individual states unemployment divisions that investigate it.
  7. isufbcurt

    Tyrese

    Your son is getting paid millions of dollars to play basketball, and you get to live off that. Let them chant what they want and just bask in the winning and money flowing in.
  8. isufbcurt

    Tyrese

    overreact? It may have been a lapse of judgement and out of character but it is still a ****** look. Fans, even family of a star player have no business on the court talking **** to opposing player.
  9. isufbcurt

    AD? Make that LLC instead

    And for clarification a not for profit can be the owner of a for profit LLC. For example many fairgrounds in Iowa are not for profits and then own a separate LLC for other interests such as running the racetrack on the fairgrounds
  10. isufbcurt

    AD? Make that LLC instead

    Or businesses just make their “donations” by buying advertising.
  11. isufbcurt

    AD? Make that LLC instead

    That depends. I have a lot of business clients (mainly construction) that utilize contractors instead of hiring employees.
  12. isufbcurt

    NCAA set to allow direct payments to athletes

    Are they going to audit all the records provided? Or just take the word of the business?
  13. isufbcurt

    NCAA set to allow direct payments to athletes

    Well the clearinghouse isn’t privy to individual private businesses accounting records. How much would you say is reasonable for my CPA business to spend on yearly advertising?
  14. isufbcurt

    CFTV: Matt Campbell's post-spring ball/pre-draft presser

    He's absolutely correct and ASU's coach said the same thing. I'm biased because I was a walkon but the 105 roster cap is ridiculous. Yeah sure a team could stock up on players as "walkons" but I think it's a far bigger problem is that a kid who's dreamed of playing college football for his...
  15. isufbcurt

    Ames High changing conferneces

    My stepdaughter did the same, we lived in Gilbert SD but she opted to go to Ames for a bigger variety of class options.
  16. isufbcurt

    NCAA set to allow direct payments to athletes

    Car dealerships are already a great way to launder money.
  17. isufbcurt

    NCAA set to allow direct payments to athletes

    And if it was passed would it hold up to court challenges?
  18. isufbcurt

    NCAA set to allow direct payments to athletes

    The IRS doesn't look at expenses for their FV they look at the amount actually paid. If Nike pays Lebron $100,000,000 then that is the value of the advertising expense they deduct. If my CPA business pays my racing business $50k then that is the value of the advertising expense i deduct. If a...
  19. isufbcurt

    NCAA set to allow direct payments to athletes

    That's not for someone who isn't party to the transaction to decide. If the W2 for the 10th person is $3 million compared to $50k each for the other 9, then paying $5k for the tax return is no issue for them at all and the FV they are willing to pay.
  20. isufbcurt

    NCAA set to allow direct payments to athletes

    Disagree. The FMV is whatever I am willing to pay for the services. If I have 10 tax clients who all are single with only 1 W2 and I charge 9 of them $125 to do their tax return and then I charge the 10th person $5000, if the 10th person is willing to pay the $5000 fee then that's the FV they...
Top Bottom