Florida pro golfer now $300K in debt despite raking in big money — how Ramsey Show hosts say he can get out of the rough

Core Insights - The article highlights the financial struggles of a professional golfer named Scott, who is burdened with approximately $300,000 in debt, including $220,000 in student loans and an $80,000 IRS bill [1][2]. Group 1: Debt Accumulation - Scott's pursuit of a professional golf career led to significant debt accumulation, including student loans and an IRS tax bill due to discrepancies in reported expenses [1][4]. - His agent's theft of about $250,000 further exacerbated his financial situation, highlighting the risks athletes face with financial advisors [2][6]. Group 2: IRS Audit and Tax Issues - Scott was audited by the IRS, which revealed discrepancies between his reported golf expenses and the deductions claimed, resulting in a substantial back-tax bill [4][5]. - The audit process is noted to be rare, with only about 1% of tax returns audited from 2013 to 2021, but certain red flags can increase the likelihood of an audit [5]. Group 3: Seeking Solutions - Scott expressed a desire to connect with someone who has successfully managed to pay off a similar level of debt, indicating a need for guidance and support [6]. - The article emphasizes the importance of careful selection of financial advisors and agents, as many athletes have faced financial exploitation [6].