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Taxation & Estate Planning

: TaxProf Blog

The Tax Treatment of Olympic Athletes

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Every two years, a topic of conversation among tax folks is the tax treatment of Olympic athletes. The United States Olympic Committee pays athletes for winning Gold ($25,000), Silver ($15,000), and Bronze ($10,000) medals under its Operation Gold program -- these payments clearly constitute income. In addition, one court has...

Full post as published by TaxProf Blog on February 15, 2010 (boomark / email).

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