Cruz has said he's paid nothing for his podcast, but experts said he's still a beneficiary of the money radio company iHeartMedia pumps into a super PAC connected to the senator.
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. Both Cruz and San Antonio-based radio company iHeartMedia have largely been mum on details about the latter's deal to distribute podcast. While Cruz's camp has said he's not compensated for the show, federal filings show iHeartMedia has so far this yearto review the transaction.
"The tax statute is perfectly clear that transfers in connection with performance of services — and that’s what this is — get taxed to the services," Johnson told the paper.
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