Posted July 12, 2011 by DJ Enuff in Media

Fan That Caught Jeter’s Ball Faces $14,000 Tax Bill!

The 23-year-old Christian Lopez, who caught the ball while seated in the left-field stands, received from the Yankees four luxury suite tickets for each of the team’s remaining home games, including the postseason, as well as three bats, three balls and two jerseys all signed by Jeter. In addition, he received front-row seats for Sunday’s game, which the Times reported sell for up to $1,358.90 each.

When valuing all of the goods, Lopez – who told the Times that he owes more than $100,000 in student loans – could be in line for a heavy bill from the IRS. The Times cited Steven Bandini, a tax partner at the accounting firm Zapken & Loeb, who said that a modest valuation of $50,000 for all of the items would likely mean a roughly $14,000 tax liability.

What remains unclear, according to the report, is whether the items would be considered a gift, rendering them not taxable.

The Times reported that an IRS spokesperson would not speculate on Lopez’s tax liabilities, and it quoted Yankees spokesperson Alice McGillion as saying, “Yankee partners and partnership always comply with the tax laws,” while declining to state whether the team would give Lopez any money to assist with any tax liability.