Tax Law

IRS Comes Calling After Astros Fan Wins Year's Supply of Free Doughnuts


Weight gain isn’t the only hazard of winning a year’s supply of free doughnuts.

Houston Astros fan Bob Choate was a winner during fan appreciation day last fall: The prize was a year’s supply of coupons for doughnuts and coffee, the Houston Chronicle reports. Now he’s hearing from the Internal Revenue Service, which says he owes taxes on $927.61 in free coffee and doughnuts.

Thompson & Knight tax lawyer Roger Aksamit summed up Choate’s dilemma for the newspaper. “If you get paid in doughnuts,” he said, “you’ve got to pay in dough.”

Hat tip to TaxProf Blog.

Previous:
Kozinski’s 'Ornery’ Panel Dissent Carries the Day in En Banc Headscarf Ruling

Next:
Firestorm re $60K Award Against Blogger, Despite Lack of Defamation, May Be Focusing On Wrong Issue


We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.