Gus, a football player who was renegotiating his contract with the Denver Broncos, paid his ex-girlfriend $50,000
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Gus, a football player who was renegotiating his contract with the Denver Broncos, paid his ex-girlfriend $50,000 to drop a sexual assault complaint against him and keep the matter confidential. The Broncos stated that if criminal charges were filed and made public, they would terminate his employment. What tax issues should Gus consider?
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Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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