knicksfan5494 wrote:Knicks1214 wrote:Need a better way to make money than surveys on mturk and stuff from swagbucks...
Whats mturk?
Fill out surveys/do things that require human assistance - it's run by amazon.
I want more money!
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knicksfan5494 wrote:Knicks1214 wrote:Need a better way to make money than surveys on mturk and stuff from swagbucks...
Whats mturk?
munchies wrote:4PointPlay wrote:I highly doubt the player can claim a tax exemption for it. It will lower their overall salary (so they will pay less tax), however.
In my eyes the payment counts as a fine for the player (and thus lower their salary), and the NBA will claim the payment as a charitable donation, lowering their tax burden, as the NBA are the ones who actually make the payment to charity.
oh right but then it is the ordinary and necessary expence by players stated by §162(a)
Knicks D wrote:The answer is no. Penalties and fines are not deductible.
Big Dawg wrote:Knicks D wrote:The answer is no. Penalties and fines are not deductible.
That is usually related to penalties paid to a government organization, like on late taxes or parking tickets, etc. A Good accountant could claim the fines paid to the NBA as a work related expense.
