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Jim Irsay (Colts owner) mails fan $8,500
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Jan 23, 2013 at 2:43 PM
- valrod33
- Hall of Small
- Posts: 138,096
thats pretty awesome
Jan 23, 2013 at 2:52 PM
- JoseCortez
- Veteran
- Posts: 13,751
f**k you Jed. You can take your Superbowl birth and shove it. Wheres my $8500, b***h?
Jan 23, 2013 at 3:02 PM
- Joecool
- Veteran
- Posts: 70,984
Is that legal? I thought only casinos were allowed to dole out money in those circumstances.
Jan 23, 2013 at 4:15 PM
- TheFunkyChicken
- Veteran
- Posts: 4,364
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.
Jan 23, 2013 at 4:20 PM
- StOnEy333
- Hall of Fame
- Posts: 99,663
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.
Jan 23, 2013 at 4:22 PM
- Phoenix49ers
- Veteran
- Posts: 131,347
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.
Jan 23, 2013 at 5:33 PM
- Chico
- Veteran
- Posts: 2,546
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
Jan 23, 2013 at 5:36 PM
- Rubberneck36
- HOF
- Posts: 141,807
Heard this on the radio, pretty cool.
Jan 23, 2013 at 5:47 PM
- MuggD
- Veteran
- Posts: 37,990
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.
Jan 27, 2013 at 10:52 PM
- zillabeast
- Veteran
- Posts: 20,042
He's having a $9000 SB XLVII contest. I totally entered. Check his Twitter.
Jan 28, 2013 at 10:26 AM
- valrod33
- Hall of Small
- Posts: 138,096
Originally posted by zillabeast:
He's having a $9000 SB XLVII contest. I totally entered. Check his Twitter.
just entered also
Jan 28, 2013 at 11:28 AM
- Cjez
- Hall of Fame
- Posts: 170,505
uncle sam wants his 40%
Jan 29, 2013 at 10:28 PM
- zillabeast
- Veteran
- Posts: 20,042
IRS says its good!
http://www.irs.gov/publications/p950/ar02.html
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
Jan 30, 2013 at 3:03 PM
- Paul
- Veteran
- Posts: 6,729
Irsay is pretty strange sometimes on Twitter, but he seems like a really cool dude... this just continues to show that. Great!
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