2026 Recruiting

jjv0004

All-SEC
Dec 13, 2017
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Greenville, SC
Morgan and Crowell are rumored to be a package deal, we all know how well those things usually go. anyway. Morgan is trending Bama's way.
I have seen Crowell compared to Bijon Robinson. He would be the best Bama recruit at running back in a while. We have had a bit of a dip since Najee left after 2020 and we lost Brian Robinson after 2021.
 

jjv0004

All-SEC
Dec 13, 2017
1,125
1,777
187
Greenville, SC
Haynes and young were at the top of their group. Ak Dear was the number 2 rb I think.
I should have been more specific. I am saying what I think Crowell will become. Haynes and Young have been very disappointing. If Crowell is Bijon Robinson, he blows all of our running backs not named Derrick Henry, Marc Ingram, Eddie Lacey, Trent Richardson, Najee Harris, etc. out of the water.
 
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TiderJack

Hall of Fame
Jul 9, 2010
13,148
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Inverness, AL
I should have been more specific. I am saying what I think Crowell will become. Haynes and Young have been very disappointing. If Crowell is Bijon Robinson, he blows all of our running backs not named Derrick Henry, Marc Ingram, Eddie Lacey, Trent Richardson, Najee Harris, etc. out of the water.
I think you can say that about Haynes but Young has not had his chance yet. We will see this year. I have seen Crowell's sophomore highlights and he is the real deal.
 

dtgreg

All-American
Jul 24, 2000
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www.electricmonkeywrench.com
So is anybody on here a tax specialist? I don't know if California has a way to disallow these things, but I believe if, prior to receiving your first NIL or NFL contract, you set up a LLC taxed as an S Corp and a separate charity/foundation, You could conceivably never pay a dime in taxes.

Take a very small salary (or disbursements) from your charity into which all your earnings go and then pay all your friends "appearance fees" at your football camps and they do the same for you, which go back into the LLC and / or charity. Borrow money at low interest to live on. What am I missing?
 

4Q Basket Case

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Staff member
Nov 8, 2004
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So is anybody on here a tax specialist? I don't know if California has a way to disallow these things, but I believe if, prior to receiving your first NIL or NFL contract, you set up a LLC taxed as an S Corp and a separate charity/foundation, You could conceivably never pay a dime in taxes.

Take a very small salary (or disbursements) from your charity into which all your earnings go and then pay all your friends "appearance fees" at your football camps and they do the same for you, which go back into the LLC and / or charity. Borrow money at low interest to live on. What am I missing?
I’m not a tax specialist. But there’s no way the IRS won’t get its hands on its share. Generally speaking, you can delay the pound of flesh, but you can’t avoid it altogether.

In the circumstances you cite, my guess would be either that the “loans” disbursed for “living expenses” would constitute taxable income.

That’s what happens if you try to borrow money and secure the loan with assets held in an IRA.

Alternatively, the S-Corp would have a bunch of revenue, but no expenses, and the S-Corp’s shareholders would owe tax on that.

Another possibility would be disallowing the S-Corp’s deduction for charitable contributions to a “ charity “ whose activities are governed by the owners of the S-Corp.

The IRS will eventually get its money. The only exception I know of is the step-up in basis that heirs get when the original owner does.

Late Add: Suppose a setup like this had the potential to actually avoid taxability on what would normally be considered earned compensation. All kinds of highly-compensated people in all sorts of occupations, in no way limited to sports, would be doing it. They're not doing this.

You can shift timing. Under certain circumstances, you might be able to shift from ordinary income to capital gains. Maybe. Aside from the heirs' step-up in basis when the former owner of the asset dies, I'm totally unaware of a legal way to avoid the tax man altogether.
 
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dtgreg

All-American
Jul 24, 2000
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I’m not a tax specialist. But there’s no way the IRS won’t get its hands on its share. Generally speaking, you can delay the pound of flesh, but you can’t avoid it altogether.

In the circumstances you cite, my guess would be either that the “loans” disbursed for “living expenses” would constitute taxable income.

That’s what happens if you try to borrow money and secure the loan with assets held in an IRA.

Alternatively, the S-Corp would have a bunch of revenue, but no expenses, and the S-Corp’s shareholders would owe tax on that.

Another possibility would be disallowing the S-Corp’s deduction for charitable contributions to a “ charity “ whose activities are governed by the owners of the S-Corp.

The IRS will eventually get its money. The only exception I know of is the step-up in basis that heirs get when the original owner does.
I appreciate the answer but I would like weigh-in from a billionaire tax advisor. Not that these guys are close to being billionaires, but you get my drift.
 

some_al_fan

1st Team
Jan 14, 2024
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So is anybody on here a tax specialist? I don't know if California has a way to disallow these things, but I believe if, prior to receiving your first NIL or NFL contract, you set up a LLC taxed as an S Corp and a separate charity/foundation, You could conceivably never pay a dime in taxes.

Take a very small salary (or disbursements) from your charity into which all your earnings go and then pay all your friends "appearance fees" at your football camps and they do the same for you, which go back into the LLC and / or charity. Borrow money at low interest to live on. What am I missing?
Your friends will have to pay taxes on these fees. And you will need to pay taxes on the fees that you will receive from your friends. These fees can’t just "go back to charity”, since they have to be taxed first. That is assuming that fees are being paid to you and not to LLC/S Corp.
Bottom line - anytime money are paid directly to you, it is a taxable event (minus deductions that they could claim for business expenses).
 
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dtgreg

All-American
Jul 24, 2000
3,642
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www.electricmonkeywrench.com
Your friends will have to pay taxes on these fees. And you will need to pay taxes on the fees that you will receive from your friends. These fees can’t just "go back to charity”, since they have to be taxed first. That is assuming that fees are being paid to you and not to LLC/S Corp.
Bottom line - anytime money are paid directly to you, it is a taxable event (minus deductions that they could claim for business expenses).
Couldn't they just give a church "love offering" to my foundation in lieu of direct compensation? Or just a donation to my charity from their charity? or to my LLC?
 

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