All-Star Trinity And Cheerupdates

[Mamarazzi]

I'm not even sure which thread this question would go in, but I'll ask it here, since this is where I am.
I am by no means a tax expert, but someone is going to have to do some creative accounting for Mr. & Mrs. Davenport and/or the Butlers. Either Gabi has to claim, as income, the monetary equivalent of all the "freebies" she AND her family received (assuming moving expenses for the family, housing, tuition, travel, uniforms, etc) or the Davenports can't write-off any of the moving expenses for the Butlers, housing, travel, tuition, uni costs as business expenses. I'm guessing the total amount of the expenses incurred would probably exceed the allowed $10,000 or $12,000 "gift" amount (upon which taxes would not have to be paid.)
So I guess I'm wondering whose tax return should be under the microscope next April?

 

[ACEDAD]

I'm not even sure which thread this question would go in, but I'll ask it here, since this is where I am.
I am by no means a tax expert, but someone is going to have to do some creative accounting for Mr. & Mrs. Davenport and/or the Butlers. Either Gabi has to claim, as income, the monetary equivalent of all the "freebies" she AND her family received (assuming moving expenses for the family, housing, tuition, travel, uniforms, etc) or the Davenports can't write-off any of the moving expenses for the Butlers, housing, travel, tuition, uni costs as business expenses. I'm guessing the total amount of the expenses incurred would probably exceed the allowed $10,000 or $12,000 "gift" amount (upon which taxes would not have to be paid.)
So I guess I'm wondering whose tax return should be under the microscope next April?

The Butlers didn't move. They still live in South Florida. Gabi was just flying in for practice.

 

[Diamond]

The Butlers didn't move. They still live in South Florida. Gabi was just flying in for practice.

Wow. She is one lucky, blessed girl. She is living the cheerleading dream. My parents would never let my sister & I do that. #NoWayNEVA

 

[CricketCheerMom]

I'm not even sure which thread this question would go in, but I'll ask it here, since this is where I am.
I am by no means a tax expert, but someone is going to have to do some creative accounting for Mr. & Mrs. Davenport and/or the Butlers. Either Gabi has to claim, as income, the monetary equivalent of all the "freebies" she AND her family received (assuming moving expenses for the family, housing, tuition, travel, uniforms, etc) or the Davenports can't write-off any of the moving expenses for the Butlers, housing, travel, tuition, uni costs as business expenses. I'm guessing the total amount of the expenses incurred would probably exceed the allowed $10,000 or $12,000 "gift" amount (upon which taxes would not have to be paid.)
So I guess I'm wondering whose tax return should be under the microscope next April?

As I have said in a few posts "I am a CPA not just a bow maker"

Gabi received a cheerleading scholarship from what I understand. So every boy from all this gyms have claimed this as income on their taxes...NOT! That is like saying coaches who do privates claim all that money on their taxes.

The gift tax doesn't apply to this situation.

I think that discussing people's taxes is just a subject that should be off limits!

 

[CricketCheerMom]

I disagree, I think they cared....they just may not have had access to that information.

I think that before Social Media, we never thought about a lot of things because we knew we couldn't find out but with Social Media and public records searches in certain states, we can find out TOO much.

Social Media can be a bad thing and I think it has hurt this sport quite a bit. When my daughter started cheering there was myspace and youtube but no Facebook.

 

[Mamarazzi]

The Butlers didn't move. They still live in South Florida. Gabi was just flying in for practice.

I gotcha. I thought I saw someone say earlier in the thread that a sister of hers cheered there also? So Trinity flew them both in, or...?
And part of the investigation with the whole high school cheer thing was that the Davenports owned the homes that two of the other girls lived in, so I guess I'm wondering who's claiming all that.

 

[ACEDAD]

I gotcha. I thought I saw someone say earlier in the thread that a sister of hers cheered there also? So Trinity flew them both in, or...?
And part of the investigation with the whole high school cheer thing was that the Davenports owned the homes that two of the other girls lived in, so I guess I'm wondering who's claiming all that.

Her sister still cheers at Top Gun.

 

[Mamarazzi]

That is like saying coaches who do privates claim all that money on their taxes.

It's income. They're supposed to claim it. Whether they do or not is irrelevant to me, but not to the IRS.

And furthermore, everything else is open for discussion. Why should the tax ramifications of this type of situation not be discussed? I don't care if we're talking about Gabi, Trinity, CA, Fame or The Man in the Moon, it's a point that exists.

 

[L5cheermom]

She's so pathetic. Let me tell you something about Cori Davenport. We were best friends on the prep team. I know, right? It's so embarrassing. I don't even... Whatever. So then in eighth grade, I started going to Georgia All Stars with my first boyfriend Jamie Parrish who was totally gorgeous but then he ratted on Trinity to the press, and Cori was like, weirdly jealous of him. Like, if I would blow her off to hang out with Jamie, she'd be like, "Why didn't you join my gym? I offered you an Audi!" And I'd be like, "Why are you so obsessed with me?" So then, for my birthday party, which was an all-cheerlebrities tumbling party, I was like, "Cori, I can't invite you, because I think you're buying athletes." I mean I couldn't have a recruiter at my party. There were gonna be cheerlebrities there in their *cheer uniforms*. I mean, right? She was a RECRUITER. So then her mom called my mom and started yelling at her, it was so retarded. And then she dropped out of school because no one would talk to her, and she came back in the fall for high school, all of her athletes had the same hairdo and she was totally weird, and now I guess she's buying a new gym a week.

I'm at work and snuck a peak at this forum. Now I have to go in and redo my makeup. I haven't laughed so hard in a long time.

 

[Mamarazzi]

Her sister still cheers at Top Gun.

Thank you for the factual info! Speculation is running rampant!

 

[DropAndRun]

I'm not even sure which thread this question would go in, but I'll ask it here, since this is where I am.

Are you thinking of Angel Rice? She's the one that lives in the purchased house. IIRC though, her mom is a coach there. I cannot believe I know this stuff. Lol

In my experience, people like that who are blowing this kind of money on sport have no concern about recouping it or tax claim. I tell parents of my athletes not to spend more money on the sport than they can afford to flush down the toilet because the chances of them ever recouping it are slim to none. It's not unheard of, of course.. But it is most definitely not the norm.

 

[CricketCheerMom]

It's income. They're supposed to claim it. Whether they do or not is irrelevant to me, but not to the IRS.

And furthermore, everything else is open for discussion. Why should the tax ramifications of this type of situation not be discussed? I don't care if we're talking about Gabi, Trinity, CA, Fame or The Man in the Moon, it's a point that exists.

There is tax law and there is reality. Reality is that most coaches do not claim their money for privates. I have a code of ethics and whether I had it or not I would consider it unethical to talk about the davenports or the butlers taxes. Whether something is taxable or not, I will discuss that but not in relation to someone specific.

I called a friend of mine who is a tax expert and he would not consider free cheer tuition income. So, for example if minis cheer for free the first year, is that income? If you get a free month for every kid you refer to the gym, is that income? He says no.

 

[Mamarazzi]

I called a friend of mine who is a tax expert and he would not consider free cheer tuition income. So, for example if minis cheer for free the first year, is that income? If you get a free month for every kid you refer to the gym, is that income? He says no.

Yeah, I asked my Mom, who is a tax expert as well, and she indicated that moving an entire family, when the family benefits from housing, etc, in exchange for a service (in this case cheering) that would be considered income.

 

[cheercurl]

Yeah, I asked my Mom, who is a tax expert as well, and she indicated that moving an entire family, when the family benefits from housing, etc, in exchange for a service (in this case cheering) that would be considered income.

OOOOoooo she's in trouble.

 

[CheerDadof2]

I gotcha. I thought I saw someone say earlier in the thread that a sister of hers cheered there also? So Trinity flew them both in, or...?
And part of the investigation with the whole high school cheer thing was that the Davenports owned the homes that two of the other girls lived in, so I guess I'm wondering who's claiming all that.

Don't believe everything you see on the news especially in this case. They where never flown in, ask @JohnButler. Also she has two sister, the older one is still at Top Gun, the younger one made the trips to ATL and is now in Cali with her.

I'll be honest with you, there was so much wrong with that "news" story it's not even funny.