Geez ... you guys are getting sooo excited with your little sleuthing and its been really entertaining... as usual. But you might want to consider there are several ways to appraise the FMV of a property / business. The net income method would yield a value around $ 325,000 if the business generated net revenue just under $ 30,000 annually. But please continue your delusions.
Mr. mentalmidgetfishtater,
You're a joke to anyone with a sliver of business acumen.
This type of business is nothing but labor. Take the owner/worker away and you have a dilapidated shack on1/4 acre among 54 sex offenders. Only a tater like you could think a person with a positive IQ would believe your gibberish about a value of ten times earnings.
Plus, the buyer paid the 325k, then donated it to a charity. His deduction is FMV only, not 325K. If he takes an unjustifiable 325k charitable deduction and gets caught will he be guilty of tax fraud? If he writes off a 275k loss will he have committed fraud?
Bottom line, he spends 325k & deducts 50k. In a 50% bracket, he saves 25k in taxes and loses 300k. The charity gets a POS property & the guy is out 300k.
What about the player's dad? Will he report the capital gain?
Is the IRS is on alert? Is the NCAA is on alert? Is the FBI on alert (think basketball/shoe companies). Is somebody's parole officer on alert?
For all of you taters who think Dabo Swinney is the "second coming," rest assured he is. The second coming of Danny Ford.....another clem coach with a natty (as datboy calls it) that should have been redacted due to wholesale cheating and scandal. Those stripes on the clem zebra have not changed one bit.
Is all of this worth it to provide you and those of your ilk with a false bravado!