A professional football plays is offered a job which will last one year: payment options
Your client is offered a job which will last one year (ASSUME HE IS A PROFESSIONAL FOOTBALL PLAYER, AND VERY HIGHLY PAID), and is given two options for getting paid. They can choose to get monthly checks for $325,000 each, or $250,000 per month with the extra $900,000 placed in escrow and paid to the employee, with interest, upon retirement at some future date (more than one year). What are the tax implications of the alternatives? What is your recommendation?