June 22nd, 2010 at 1:34 PM ^

More importantly, nothing says classy like introducing your new girlfriend to your family at thanksgiving with "she's the one with the sex tape that isn't Paris Hilton."

My name ... is Tim

June 22nd, 2010 at 1:20 PM ^

My guess is that the parents would be on the hook for an even larger amount of back-taxes for the "rent-free" house which they were living in. Then again, I doubt they have the kind of expendable (and therefore readily seizable) cash and assets that make Reggie such a tantalizing Defendant for the IRS.


June 22nd, 2010 at 2:22 PM ^

Doesn't the donor usually pay the gift tax, not the donee? 

The IRS will probably try to argue that the rent free house was a gift to Reggie, who in turn gifted it to his parents.  Then they could try to collect taxes on both the gifts.  Hooray for the IRS.


June 22nd, 2010 at 1:58 PM ^

is that it will be a real legal proceeding.  The NCAA had no power to compel Reggie to appear or ability to penalize him.  Of course, the flip side is that the burden of proof is probably much higher to get a conviction.


June 24th, 2010 at 12:44 AM ^

Unlike the NCAA, the IRS has subpeona power. They can force USC, Reggie Bush and anyone else to turn over documents and give testimony under oath. If I were Reggie Bush, I would be very nice to the IRS and simply ask how much I should write the check for.