True College Lacrosse Tax Facts

It's Tax Day and, therefore, time to clue you in on the tax implications of college lacrosse.

As a side job to making trillions of dollars writing and editing College Crosse, I work for a big ol' accounting firm in its tax practice. Tax Day is kind of the pinnacle of my existence: Nobody cares what I do for 364 days a year, but on Tax Day I'm the most popular cat on the planet, dispensing important tax knowledge all over the place.

In law school, the most important principle I learned about tax came from a somewhat insane professor that was both the smartest person I ever met and also the most likely to stick-up an ice cream truck with a Wii gun just for giggles. This is what he told me: "Tax is like a creepy uncle: it touches everything." With that in mind, here is how tax concepts are impacting college lacrosse this season.

True College Lacrosse Tax Fact I: The Big East can claim Rutgers as a dependent this year.

True College Lacrosse Tax Fact II: Furman -- the nation's leader in unforced giveaways per 100 offensive opportunities -- is going to claim a sizeable charitable donation deduction.

True College Lacrosse Tax Fact III: VMI's upset of Air Force earlier this season counts as a casualty loss for the Falcons.

True College Lacrosse Tax Fact IV: Mercer's mid-season defeat of Texas is not recognized as income under controlling authority. Claiming the win as income will result in an adjustment of Mercer's return.

True College Lacrosse Tax Fact V: Notre Dame may need to report unemployment compensation if the Irish fail to make the NCAA Tournament this season due to (1) a record under .500, or (2) the potential decision of the selection committee to exclude the Irish from The Big Barbecue.

True College Lacrosse Tax Fact VI: Ryan Boyle may take a deduction for educator expenses due to his concise and cogent color commentary on ESPNU.

True College Lacrosse Tax Fact VII: Albany's practice time is deductible as treatment for schizophrenia.

True College Lacrosse Tax Fact VIII: Bill Tierney's intensity eye lasers likely qualify for a tax credit as renewable resource or alternative energy technology.

True College Lacrosse Tax Fact IX: Loyola can claim as a deduction any expenses incurred traveling to Patriot League opponents. These expenses are essentially alimony as the 'Hounds have been the Patriot League's daddy.

True College Lacrosse Tax Fact X: Wind sprints are technically deductible professional fees.

True College Lacrosse Tax Fact XI: The Thompson Trio is taxed as a utility as they are a power plant that generates electricity.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join College Crosse

You must be a member of College Crosse to participate.

We have our own Community Guidelines at College Crosse. You should read them.

Join College Crosse

You must be a member of College Crosse to participate.

We have our own Community Guidelines at College Crosse. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker