Ted Cruz could face IRS issues over podcast deal
U.S. Rep. Ted Cruz's podcast deal with iHeartMedia, which has drawn fire form both campaign finance watchdogs and political rivals, also may face scrutiny from the Internal Revenue Service, the Houston Chronicle reports. Tax experts told the Texas Republican's hometown newspaper that he may be required to report income from his podcast distribution contract on tax documents — even if he's not personally collecting cash for creating the shows. "It's still going to be his income, because he's the one who 'earned it,'" Georgetown University tax law scholar Brian Galle told the Chronicle.
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