Or it could be that the NCAA has uncovered some things that just had to be reported to the IRS for further examination.
IRS auditing UofSmell
- Thread starter Mike-D
- Start date
Or it could be that the NCAA has uncovered some things that just had to be reported to the IRS for further examination.
This is my thinking, but perhaps it's just wishful thinking. Ncaa could have been trying to follow the money trail, and ran into what appeared to be criminal activities, and called the Feds. Well, at least that's the narrative I like, so I'm going with it. :sunglasses:
Donate to the Clinton Foundation quickly and the investigation will be shut down Pronto
You left off the ceiling tile damage.
There was an article in the CJ about a month ago about the bonuses that Ramsey and the other administrators got the past few years. What it said was none of them paid taxes on the bonuses because of what is called tax gross ups or at least that's what I think it was called. What it amounts to is the tax they would've had to pay was paid by the foundation so they basically got millions $ tax free.
Doubt any worm could live in any bucket filled with anything from UL.
All I get from this is that in the shadow of Church Hill Downs, there is a really bad odor and it ain't horsesh...
Actually horseshit smells good compared to UL.
Gross up just means their bonus is made larger so that after tax is taken it comes back to the bonus amount. IOW if they are to receive a $1-mil bonus, the foundation pays them $2-mil so it nets back out at $1-mil. They still pay the tax.
Pinworms would probably be very happy in those conditions, actually.
Zipp Senore Jerk and all the uavel nut sackers are sweating this..Matt Jones is beating this drum today..[eyeroll][eyeroll][eyeroll][eyeroll][eyeroll][eyeroll][eyeroll][eyeroll]
Certainly Ramsey should be on the hook for the IRS to find his compensation level is too high. I'm not sure that the coaches would be in this same dilemma. But Ramsey is waaaaay higher than his peers so he may owe a bunch of back taxes due to excess CEO compensation not being taxed in the same way as regular income would be.
Yeah, was going to say; if it was that simple this thing would be done and dusted by now! NCAA has no subpoena rights either so its strictly a voluntary exercise for anyone not dependent on a job or scholarship to talk.
The NCAA wants to go back to UL and start digging into this mess some more but they're having a hard time finding HAZMAT suits that can repel the stench.
The NCAA wants to go back to UL and start digging into this mess some more but they're having a hard time finding HAZMAT suits that can repel the stench.
The next UL thing to break could be the announcement on a Friday that the CDC is on campus.
The UL announcement will include that it is routine.
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Which would mean that Pitino is back on campus...[banana]The next UL thing to break could be the announcement on a Friday that the CDC is on campus.
The UL announcement will include that it is routine.
I could be wrong, but the way I read the Courier-Journal article was that The Foundation was a non-profit/tax exempt organization and they were paying bonuses out in the millions of dollars to several people/coaches without a paper trail. The foundation is also the subject of an ongoing audit from state Auditor Mike Harmon's office.
I read that this audit is an eight- to nine-month process. News today is misappropriate funds regarding their research department and federal funding.
I read that this audit is an eight- to nine-month process. News today is misappropriate funds regarding their research department and federal funding.