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Jim Irsay (Colts owner) mails fan $8,500




http://deadspin.com/5978443/

Jim Irsay Mailed A Fan $8,500 In Cash For Predicting The Score Of The AFC Championship


..Time to follow Jim Irsay on Twitter
[ Edited by jrg on Jan 23, 2013 at 2:41 PM ]
thats pretty awesome
f**k you Jed. You can take your Superbowl birth and shove it. Wheres my $8500, b***h?
Is that legal? I thought only casinos were allowed to dole out money in those circumstances.
Originally posted by Joecool:
Is that legal? I thought only casinos were allowed to dole out money in those circumstances.

Pretty sure you're not supposed to mail cash....

And I doubt the IRS is a big fan of giving out prizes in cash.
Originally posted by JoseCortez:
f**k you Jed. You can take your Superbowl birth and shove it. Wheres my $8500, b***h?

Never, and I mean NEVER, speak of the new Eddie D that way.
Originally posted by TheFunkyChicken:
Pretty sure you're not supposed to mail cash....

And I doubt the IRS is a big fan of giving out prizes in cash.

LOL......as long as he doesn't get 1099ed, he's good to go.
  • Chico
  • Veteran
  • Posts: 2,148
Originally posted by Joecool:
Is that legal? I thought only casinos were allowed to dole out money in those circumstances.


there are ways around it...
1) he can say he's starting a new religion so there are no consequences
2) he can say he's part of an indian reservation so there are NO taxes!
3) or maybe he can say he paid him to mow his lawn
Heard this on the radio, pretty cool.
Originally posted by TheFunkyChicken:
Originally posted by Joecool:
Is that legal? I thought only casinos were allowed to dole out money in those circumstances.

Pretty sure you're not supposed to mail cash....

And I doubt the IRS is a big fan of giving out prizes in cash.

I know FedEx does not allow you to mail cash. You can always not mention there's cash in there though.
He's having a $9000 SB XLVII contest. I totally entered. Check his Twitter.
Originally posted by zillabeast:
He's having a $9000 SB XLVII contest. I totally entered. Check his Twitter.

just entered also
uncle sam wants his 40%
IRS says its good!


Quote:
Gift Tax Annual Exclusion
Year(s) Annual Exclusion
1998 – 2001 $10,000
2002 – 2005 $11,000
2006 – 2008 $12,000
2009 – 2012 $13,000

Currently, you generally can give gifts valued up to $13,000 per person, to any number of people, and none of the gifts will be taxable.


http://www.irs.gov/publications/p950/ar02.html
  • Paul
  • Veteran
  • Posts: 6,726
Irsay is pretty strange sometimes on Twitter, but he seems like a really cool dude... this just continues to show that. Great!