Collecting Team Fines is Fine for Taxes
Team fines are not taxable to fund administrator as long as they are properly categorized. As practice starts, a teammate got stuck in...
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Pittsburgh’s Jock Tax is Ruled Unconstitutional
Judge Rules Pittsburgh’s Facility Fee is a Violation of Pennsylvania’s Constitution and Prohibits the City from Collecting It This past...
Seattle & Shane are Right Fit
Draft prospect Shane Wright falls from first overall to fourth and in the process reaps the financial reward. By: Alan Pogroszewski...
Name, Image, & Likeness: Three words that will end ameturism under the NCAA
Introduction On June 30, 2021, the National Collegiate Athletic Association (NCAA) released a statement allowing college athletes to...
Tax Season can be Taxing to Professional Athletes
Whether you are a seasoned veteran or a rookie navigating tax season for the first time, it can prove to be an extremely stressful time...
“Jock Tax” is a Headache to Professional Athletes
How the Pandemic, Covid-19 Protocol and the bubble have affected how the Jock Tax is Calculated and Reported Introduction During the...
Are Trainer Tips Taxable?
Trainer tips have always been considered income and should be reported and included on your tax return. However, a change in law means...
1099-Ks Are OK for Businesses
As part of the American Recuse Plan Act that was signed into law on March 11, 2021, changes were implemented that effects how third-party...
Is it Income – If My Teammate Pays Me Back for Dinner?
As part of the American Recuse Plan Act that was signed into law on March 11, 2021, changes were implemented that effects how third-party...
Ouch! You Mean It’s Not Tax Free Income?
Although Athletes receive credits for taxes paid overseas, they should understand that foreign income isn’t tax free and they still need...
Understanding of the Jock Tax provides Value to the Bottom Line
Introduction In negotiations, knowledge is power for both the athlete and the organization. By quantifying the financial and tax...
No “Jock Tax” Makes Dollars & Sense To Free Agents
What type of advantage does the NHL expansion team in Seattle have in signing free agents in the open market? Introduction This past...
Missouri to be the Big Winner in this year’s Super Bowl
Whether the Chiefs win or Lose the State of Missouri is the big winner on Sunday. Introduction Win or lose the State of Missouri will...
Taxman Paying Close Attention to Mahomes-Brady Matchup
If Mahomes fails to clear the last hurdle, Tom Brady and the Buccaneers, in his quest for a second consecutive Super Bowl, he would be...
IRS Re-Introduces 1099-NEC
Starting in the 2020 tax season, the IRS is bringing back a form to report nonemployment compensation that hasn’t been utilized for 38...
What Does Domicile Have to Do With It?
Introduction Under the United States Constitution each state has the freedom to invoke their own tax policy separate from the federal...
King’s Ransom
Potential tax reform takes a substantial bite out of not only Lebron James contract extension but all professional athlete’s contracts....
Stanley Cup Playoffs Provide Tax Savings
Introduction For US resident hockey players, playing outside the United States borders in two Canadian hub cities in this year’s Stanley...
The New Moneyball (Article Summary)
Professional sports teams in high-tax states need to adjust to a new economic reality under the Tax Cut and Jobs Act of 2017. This past...
Pandora’s Box Enters the Batter’s Box: How the Tax Cuts and Jobs Pandora’s Box Ent
Abstract At the time of passing the Tax Cuts and Jobs Act (TCJA), it was known that the limitation of itemized deductions would...
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