A new member of the San Diego Chargers wants the team to transfer $1 million into an

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A new member of the San Diego Chargers wants the team to transfer $1 million into an escrow account, in his name, for later withdrawal. The player suggests this payment in lieu of the traditional signing bonus.

When is this income taxable to him?

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Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

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Question Posted: Oct 09, 2024 08:02 AM

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A new member of the San Diego Chargers wants the team to transfer $1 million into an

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Federal Tax Research

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