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Ricardo is a professional football player what are the tax

Question - Ricardo is a professional football player. In negotiating his contract for the upcoming season, Ricardo is given two options. He can receive (1) 12 monthly checks of $325,000 with no deferred payments or (2) $250,000 monthly with the $900,000 balance placed in escrow and payable to him (with interest) after he retires from professional sports. What are the tax implications of these two alternatives?

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Accounting Basics: Ricardo is a professional football player what are the tax

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