Ledecky may owe $44,000 in taxes for Olympics glory accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
Medals are not the focus of the IRS. Rather, it’s the prize money the U.S. Olympic & Paralympic Committee awards its medalist as well as the lucrative endorsement contracts.
(Bloomberg Law) As the Olympic flame goes out in Tokyo on Sunday, marking the end of the 2020 Games, swimming phenom Katie Ledecky and pole vaulting sensation Katie Nageotte will both be leaving with gold.
A hefty tax bill awaits back in the U.S., but only for one of them.
To the Olympic Victors Go the Spoils (and Maybe a Tax Bill) - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Judicial Notice: Vernon Jordan, RIP abovethelaw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abovethelaw.com Daily Mail and Mail on Sunday newspapers.