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UnderGround Forums >> Nick Diaz getting arrested?


3/18/13 2:38 PM
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UGCTT_ Lay'n'PrayNINJA
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jiujitsufigher7 - I've got an MBA with a major in accounting and I'm a licensed CPA in two states.

I can assure you that Nick Diaz cheque gets a deduction sent to the IRS. The IRS will get the taxes right off the UFC paycheque. They aren't stupid. There's no way that big cheque to a pro fighter that can spend it all would go without deductions. You don't even need to have a job for the IRS to take your money. Any big pay cheque the IRS takes the money right away, they do not wait for you to do a tax return. Win big at a casino? The tax man takes it before you go home. Win a lottery ticket? Same thing. The purses of prize fighters are certainly taxed at source. The UFC pays Nick Diaz taxes from his pay cheque.
You are wrong. They are independant contractors. Most of them file taxes quarterly. ZUFFA does not take payroll taxes out. Phone Post
3/18/13 2:40 PM
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Reggie Warren Jr
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UGCTT_ Lay'n'PrayNINJA - 
jiujitsufigher7 - I've got an MBA with a major in accounting and I'm a licensed CPA in two states.

I can assure you that Nick Diaz cheque gets a deduction sent to the IRS. The IRS will get the taxes right off the UFC paycheque. They aren't stupid. There's no way that big cheque to a pro fighter that can spend it all would go without deductions. You don't even need to have a job for the IRS to take your money. Any big pay cheque the IRS takes the money right away, they do not wait for you to do a tax return. Win big at a casino? The tax man takes it before you go home. Win a lottery ticket? Same thing. The purses of prize fighters are certainly taxed at source. The UFC pays Nick Diaz taxes from his pay cheque.
You are wrong. They are independant contractors. Most of them file taxes quarterly. ZUFFA does not take payroll taxes out. Phone Post

100% truth....UFC doesnt deduct taxes from their checks!

3/18/13 2:42 PM
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jiujitsufigher7
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They are not independent contractors. No way the IRS would classify as an independent contractor somebody whose expenses are completely covered by the UFC. You guys are not CPAs and don't understand tax law. The UFC pays for a fighter's flights, accomodations, medical insurance, and medical bills. A UFC fighter will not qualify as an independent contractor with the IRS.
3/18/13 2:45 PM
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jiujitsufigher7
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UFC fighters are on the UFC payroll. Although they get paid by fight, they are on the UFC payroll, and pay all payroll taxes. Just like any temporary worker, they get paid when they work, and the employer remits taxes. UFC fighters are contract employees, not independent contractors.
3/18/13 2:50 PM
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HexRei
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We could always just ask one of the many UFC vets that post here and end the speculation.
3/18/13 2:50 PM
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LSDave
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Edited: 03/18/13 2:53 PM
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EDIT: Oops, I see this horse is already dead.
3/18/13 2:52 PM
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Reggie Warren Jr
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jiujitsufigher7 - They are not independent contractors. No way the IRS would classify as an independent contractor somebody whose expenses are completely covered by the UFC. You guys are not CPAs and don't understand tax law. The UFC pays for a fighter's flights, accomodations, medical insurance, and medical bills. A UFC fighter will not qualify as an independent contractor with the IRS.

Once again, you are WRONG! I have plenty of friends who fight in the UFC and Ive seen their paychecks. Some of them form LLC's and pay themselves through their companys. The UFC might cover their flights and started offering health insurance not too long ago, but that doesnt mean they have to deduct taxes from the pay checks. These guys get paid a few times a year if theyre lucky...its not like a weekly or bi-weekly check. 

3/18/13 2:55 PM
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Reggie Warren Jr
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you rushed through class just like rushing through your screen name. Its spelled "Fighter"

3/18/13 2:58 PM
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bmoney
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Maybe Nick filed as "exempt" under his filing status on his UFC application..
3/18/13 2:59 PM
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jiujitsufigher7
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Let it be clear, independent contractors have customers or clients. Employees have bosses. The UFC is not a customer or client of the fighter. The other key thing to look at is independent contractors perform the same type of work for multiple clients / customers. Fighters only work for the UFC, a UFC fighter is to me a clear case of an employee.
3/18/13 3:02 PM
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herwil10
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They have always been paid as independent contractors. WWE guys as well. Guys have actually tried to sue WWE to get the independent contractor status changed to being actual employees and it's never worked.
3/18/13 3:03 PM
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HexRei
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big_roy_fan - maybe he was confused because in canada, when u buy st uff there is tax on it,
and he is like 'i never paid taxes in my life' because he now thinks that the us and canada have similar tax systems.

discuss thanx.

california has a sales tax u goof
3/18/13 3:03 PM
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Altofsky
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You just stated as fact that every american has taxes taken from their check before they get it.

In doing so, you lost all credibility in this discussion and outed yourself as a liar in regards to your profession.

This is day 1 community college shit that you were dead wrong on. Just stop now. Phone Post
3/18/13 3:04 PM
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Altofsky
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jiujitsufigher7 - They are not independent contractors. No way the IRS would classify as an independent contractor somebody whose expenses are completely covered by the UFC. You guys are not CPAs and don't understand tax law. The UFC pays for a fighter's flights, accomodations, medical insurance, and medical bills. A UFC fighter will not qualify as an independent contractor with the IRS.
Youre not a cpa either. Go back to the mailroom. Phone Post
3/18/13 3:07 PM
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Motivated Penn
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Reggie Warren Jr - 

you rushed through class just like rushing through your screen name. Its spelled "Fighter"


Lol why would you feel the need to attack him when he's just discussing some tax issues.
3/18/13 3:08 PM
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Kick Boxe
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Reggie Warren Jr - 
UGCTT_ Lay'n'PrayNINJA - 
jiujitsufigher7 - I've got an MBA with a major in accounting and I'm a licensed CPA in two states.

I can assure you that Nick Diaz cheque gets a deduction sent to the IRS. The IRS will get the taxes right off the UFC paycheque. They aren't stupid. There's no way that big cheque to a pro fighter that can spend it all would go without deductions. You don't even need to have a job for the IRS to take your money. Any big pay cheque the IRS takes the money right away, they do not wait for you to do a tax return. Win big at a casino? The tax man takes it before you go home. Win a lottery ticket? Same thing. The purses of prize fighters are certainly taxed at source. The UFC pays Nick Diaz taxes from his pay cheque.
You are wrong. They are independant contractors. Most of them file taxes quarterly. ZUFFA does not take payroll taxes out. Phone Post

100% truth....UFC doesnt deduct taxes from their checks!


This jjf guy needs to shut his uninformed trap. Everything he has said in this thread is the opposite of the truth. Dana White wouldn't be freaking out on Nick's behalf if that's how it worked

3/18/13 3:08 PM
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Leghound
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jiujitsufigher7 - You see it's called source deductions, every american that has a job pays his taxes when he gets a pay cheque. At the time you do your tax return (once a year) most people get a tax refund from the government. There's no such thing as an employee not paying taxes, the government takes it from your pay cheque. Unless you are being paid under the table and your employer doesn't remit to the IRS, but I'm sure the UFC would remit the money to the IRS from a fighter's pay cheque, just like every employer does in America.

I'm not a CPA (though I was one class away from also finishing an accounting major before I realized I never wanted to do that shit or work with the people in my classes) but can say with 99.9% certainty that someone who spells 'check' as 'cheque' lacks authority when talking about how things work in the USA.

3/18/13 3:08 PM
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HexRei
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Motivated Penn - 
Reggie Warren Jr - 

you rushed through class just like rushing through your screen name. Its spelled "Fighter"


Lol why would you feel the need to attack him when he's just discussing some tax issues.

maybe that's the way you spell it when you are jiu jitsu fighting.
3/18/13 3:09 PM
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Reggie Warren Jr
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jiujitsufigher7 - Let it be clear, independent contractors have customers or clients. Employees have bosses. The UFC is not a customer or client of the fighter. The other key thing to look at is independent contractors perform the same type of work for multiple clients / customers. Fighters only work for the UFC, a UFC fighter is to me a clear case of an employee.

Ever heard of a 1099 form? Ive never had customers or clients and been paid as an independent contractor. I provided a service for a company and wasnt full time. 

3/18/13 3:10 PM
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Reggie Warren Jr
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Motivated Penn - 
Reggie Warren Jr - 

you rushed through class just like rushing through your screen name. Its spelled "Fighter"


Lol why would you feel the need to attack him when he's just discussing some tax issues.

ha...i wouldnt call that an attack. just a little jab. 

3/18/13 3:11 PM
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HexRei
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big_roy_fan - 
HexRei - 
big_roy_fan - maybe he was confused because in canada, when u buy st uff there is tax on it,
and he is like 'i never paid taxes in my life' because he now thinks that the us and canada have similar tax systems.

discuss thanx.

california has a sales tax u goof

i'll take that as a light hearted joke.

sorry i don't know the tax systems of the 50 states, could care less since i'm canadian.

no it was just a statement of fact that made completely invalidated your post. so we can stop discussing it thanx.
3/18/13 3:12 PM
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HexRei
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Reggie Warren Jr - 
Motivated Penn - 
Reggie Warren Jr - 

you rushed through class just like rushing through your screen name. Its spelled "Fighter"


Lol why would you feel the need to attack him when he's just discussing some tax issues.

ha...i wouldnt call that an attack. just a little jab. 


flailing superman punch imo.
3/18/13 3:12 PM
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jiujitsufigher7
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Even international fighters get their taxes deducted right away. No way the IRS would let them go back to their home country. Here's an article on Manny Pacquiao a filipino boxer that doesn't want to fight in the US because they take the money from his purse.

Bob Arum from http://slumz.boxden.com/f5/feb-15-high-u-s-income-tax-rate-has-boxing-superstar-manny-pacquiao-ropes-1885549/:
"Manny can go back to Las Vegas and make $25 million, but how much of it will he end up with – $15 million?" [boxing promoter] Arum said."
3/18/13 3:13 PM
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IP
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Reggie Warren Jr - 
UGCTT_ Lay'n'PrayNINJA - 
jiujitsufigher7 - I've got an MBA with a major in accounting and I'm a licensed CPA in two states.

I can assure you that Nick Diaz cheque gets a deduction sent to the IRS. The IRS will get the taxes right off the UFC paycheque. They aren't stupid. There's no way that big cheque to a pro fighter that can spend it all would go without deductions. You don't even need to have a job for the IRS to take your money. Any big pay cheque the IRS takes the money right away, they do not wait for you to do a tax return. Win big at a casino? The tax man takes it before you go home. Win a lottery ticket? Same thing. The purses of prize fighters are certainly taxed at source. The UFC pays Nick Diaz taxes from his pay cheque.
You are wrong. They are independant contractors. Most of them file taxes quarterly. ZUFFA does not take payroll taxes out. Phone Post

100% truth....UFC doesnt deduct taxes from their checks!


When a guy signs a contract with the UFC he doesn't fill out a W4 tax form?
3/18/13 3:18 PM
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HexRei
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jiujitsufigher7 - Even international fighters get their taxes deducted right away. No way the IRS would let them go back to their home country. Here's an article on Manny Pacquiao a filipino boxer that doesn't want to fight in the US because they take the money from his purse.

Bob Arum from http://slumz.boxden.com/f5/feb-15-high-u-s-income-tax-rate-has-boxing-superstar-manny-pacquiao-ropes-1885549/:
"Manny can go back to Las Vegas and make $25 million, but how much of it will he end up with – $15 million?" [boxing promoter] Arum said."

haha, do you think this article supports your point? all it confirms is that fighters do have to pay taxes at some point

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