SCOTUS rules against NCAA | The Boneyard

SCOTUS rules against NCAA

Joined
Feb 19, 2014
Messages
4,001
Reaction Score
38,412
Who would have thought that UConn would get a shoutout in a SCOTUS case

"To be sure, the NCAA and its member colleges maintain important traditions that have become part of the fabric of America—game days in Tuscaloosa and South Bend; the packed gyms in Storrs and Durham"
 
Joined
Aug 26, 2011
Messages
2,586
Reaction Score
7,062
Who would have thought that UConn would get a shoutout in a SCOTUS case

"To be sure, the NCAA and its member colleges maintain important traditions that have become part of the fabric of America—game days in Tuscaloosa and South Bend; the packed gyms in Storrs and Durham"
Wonder if the clerk for Gorsuch is from CT? Yale law?
 

the Q

Yowie Wowie. We’re gonna have so much fun here
Joined
Mar 28, 2017
Messages
7,029
Reaction Score
11,269
They finally going to start taxing scholarships?

If theyre employees that is taxable income.

you cannot separate the two and claim otherwise
 
Joined
Jan 13, 2013
Messages
632
Reaction Score
2,392
They finally going to start taxing scholarships?

If theyre employees that is taxable income.

you cannot separate the two and claim otherwise

Law is my business, know nada about tax law.

Is a scholarship really taxable? A student does not receive a benefit($$) but rather an expense (tuition, room, board) is waived. If you don't incur the expense you receive no benefit.

Also, is a student an employee under current IRS and NLRB definitions (the PRO Act is not yet law)? If not, the school sends a 1099 to a scholarship student as a independent contractor who files a Schedule C claiming as expenses of being a independent cpntractor/student tuition, room, board, books, etc.
 

the Q

Yowie Wowie. We’re gonna have so much fun here
Joined
Mar 28, 2017
Messages
7,029
Reaction Score
11,269
Law is my business, know nada about tax law.

Is a scholarship really taxable? A student does not receive a benefit($$) but rather an expense (tuition, room, board) is waived. If you don't incur the expense you receive no benefit.

Also, is a student an employee under current IRS and NLRB definitions (the PRO Act is not yet law)? If not, the school sends a 1099 to a scholarship student as a independent contractor who files a Schedule C claiming as expenses of being a independent cpntractor/student tuition, room, board, books, etc.

Im not a tax law guy either.

but if your wan employee and given that benefit, I would think that would be taxed.

right now they are not employees
 
Joined
Nov 24, 2019
Messages
855
Reaction Score
6,983
Law is my business, know nada about tax law.

Is a scholarship really taxable? A student does not receive a benefit($$) but rather an expense (tuition, room, board) is waived. If you don't incur the expense you receive no benefit.

Also, is a student an employee under current IRS and NLRB definitions (the PRO Act is not yet law)? If not, the school sends a 1099 to a scholarship student as a independent contractor who files a Schedule C claiming as expenses of being a independent cpntractor/student tuition, room, board, books, etc.
There are scholarships that are taxable. For instance, the Americorps scholarship (Segal AmeriCorps Education Award) is taxable, you have to declare it as income if you use more than $600 in a given year. To my knowledge, it is the only Federal Scholarship that is taxable, you receive a 1099-Misc for using it.

Id be surprised if the students were now responsible for paying the taxes on that, that’d be insane.
 

the Q

Yowie Wowie. We’re gonna have so much fun here
Joined
Mar 28, 2017
Messages
7,029
Reaction Score
11,269
There are scholarships that are taxable. For instance, the Americorps scholarship (Segal AmeriCorps Education Award) is taxable, you have to declare it as income if you use more than $600 in a given year. To my knowledge, it is the only Federal Scholarship that is taxable, you receive a 1099-Misc for using it.

Id be surprised if the students were now responsible for paying the taxes on that, that’d be insane.

not really

the argument seems to be that they’re employees.

That would seem to make that a pretty obvious decision
 

phillionaire

esta noche somos mantequilla
Joined
Aug 28, 2011
Messages
3,508
Reaction Score
11,490
not really

the argument seems to be that they’re employees.

That would seem to make that a pretty obvious decision
I was a grad student that was employed by my university as a researcher/teacher's assistant, and got a full scholarship. If I had to pay taxes on my scholarship, I would have made zero income.
 

the Q

Yowie Wowie. We’re gonna have so much fun here
Joined
Mar 28, 2017
Messages
7,029
Reaction Score
11,269
I was a grad student that was employed by my university as a researcher/teacher's assistant, and got a full scholarship. If I had to pay taxes on my scholarship, I would have made zero income.

it would be the right thing to do.
 

phillionaire

esta noche somos mantequilla
Joined
Aug 28, 2011
Messages
3,508
Reaction Score
11,490
it would be the right thing to do.
Not really, it would make it hard for anyone that's not independently wealthy to go into graduate programs.
 
Joined
Nov 24, 2019
Messages
855
Reaction Score
6,983
not really

the argument seems to be that they’re employees.

That would seem to make that a pretty obvious decision
There’s no way the students are going to be liable to pay taxes on their scholarship, I don’t see how that’s feasible. How are they going to repay thousands of dollars in taxes every year? I’m trying to imagine how a track and field athlete who maybe makes a little off NIL would be able to pay taxes on their scholarship, it’d be a nightmare.
 
Joined
Feb 20, 2021
Messages
19,495
Reaction Score
38,243
Who would have thought that UConn would get a shoutout in a SCOTUS case

"To be sure, the NCAA and its member colleges maintain important traditions that have become part of the fabric of America—game days in Tuscaloosa and South Bend; the packed gyms in Storrs and Durham"
Pretty cool. Part of U.S. History now. Another recruiting narrative.
 

nelsonmuntz

Point Center
Joined
Aug 27, 2011
Messages
43,953
Reaction Score
32,131
This is a dark day for any athlete that has a scholarship in a non-revenue sport. They are screwed. It is going to be a lot more expensive to carry them now than it used to be, and schools will start slashing costs.

I also question what the top academic schools that are D1 will do. Stanford, Northwestern, Duke, Vanderbilt, Georgetown and Rice consider the Ivies and the UAA schools their competition, not NC State or Oregon State. It will be interesting to see how far they are willing to go to compete with other P1 schools, or if they will pull out of the conferences eventually.
 

Psolo12

Future Doctor of Law
Joined
Dec 22, 2018
Messages
1,177
Reaction Score
7,990
This is a dark day for any athlete that has a scholarship in a non-revenue sport. They are screwed. It is going to be a lot more expensive to carry them now than it used to be, and schools will start slashing costs.

I also question what the top academic schools that are D1 will do. Stanford, Northwestern, Duke, Vanderbilt, Georgetown and Rice consider the Ivies and the UAA schools their competition, not NC State or Oregon State. It will be interesting to see how far they are willing to go to compete with other P1 schools, or if they will pull out of the conferences eventually.
Schools have largely already been slashing non-revenue sports.
 
Joined
Jun 9, 2017
Messages
6,483
Reaction Score
25,808
To those shouting at Q right out of their butthole, you don't need to have an opinion on this. The IRS has already covered it.


It looks like any compensation above tuition is going to be taxable.

Why aren’t room and board, the living stipend and other items “above” tuition not taxed now and how does today’s ruling change the status quo as it relates to those items?
 

Chin Diesel

Power of Love
Joined
Aug 24, 2011
Messages
32,411
Reaction Score
97,289
Why aren’t room and board, the living stipend and other items “above” tuition not taxed now and how does today’s ruling change the status quo as it relates to those items?

I don't on w for sure but I do know I get up to about $7k in tuition payments before it goes from being a non-taxable benefit and it turns in to taxable income.
 

CL82

2023 NCAA Men’s Basketball National Champions
Joined
Aug 24, 2011
Messages
56,516
Reaction Score
206,316
Kavanaugh was the one who wrote the Storrs piece. He was a Yale guy
1624294182094.png
 

CL82

2023 NCAA Men’s Basketball National Champions
Joined
Aug 24, 2011
Messages
56,516
Reaction Score
206,316
Oh and for what it is worth, SCOTUS issues a decision that is likely to have major impact on college athletics and what is the BY talking about? Tax law. SMH, but laughing.
 

Online statistics

Members online
544
Guests online
3,884
Total visitors
4,428

Forum statistics

Threads
155,818
Messages
4,032,411
Members
9,865
Latest member
Sad Tiger


Top Bottom