Adequate record of business expenses
In order to claim a deductible business expense that is both ordinary and necessary to perform your job, you must be able to justify the...
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Massachusetts and Georgia Await Super Bowl Tax Prize
Even though Tom Brady lowers his non-resident tax by over $20,000 by playing in this year’s Super Bowl in Texas, his home state of...
Scherzer’s New Contract’s Net Value & Present Value Exceeds Kershaw’s Deal
Max Scherzer’s new seven year $210 million contract is a good example of how proper tax planning in a negotiation can increase its’...
Sandoval & Ramirez Contracts Make Dollars & Cents
Over the past few days both Pablo Sandoval and Hanley Ramirez have signed with the Boston Red Sox and left their former California ball...
New Jersey Eyes Super Bowl Tax Prize
Peyton Manning eyes a second Super Bowl ring while New Jersey has visions of taxing his salary. This Sunday, fans of the National...
Is Tennessee’s Version of the “Jock Tax” Unconstitutional?
Authors Alan Pogroszewski and Kari Smoker examined this very question in their recent law review article and conclude that it is....
Tennessee’s Tax on NHL and NBA Athletes Unconstitutional
Hearings concerning controversial tax matter scheduled for later this week Is Tennessee’s version of the “jock tax” unconstitutional? ...
Howard’s End
State Taxes makes Dwight Howard’s Decision more Taxing There are several financial dynamics in Dwight Howard’s potential decision where...
The New Money Ball
The Oakland A’s have another disadvantage when pursuing free agents on the open market The plight of Billy Bean and the small market...
Fiscal cliff means higher taxes for athletes next year
Earlier this year, Federal Reserve Chairman Ben Bernanke stated, “Under current law, on January 1, 2013, there’s going to be a massive...
Did Alex Rodriguez play himself into a better tax situation?
Alex Rodriguez made headlines this past post season because of his ill-timed slump. However, the irony is: this slump may actually...
Show me the Money
Week one of the National Football League (NFL) season means a bonanza of tax revenue for New Jersey As week one of the NFL concluded with...
California Dreaming
Steve Nash’s recent signing revives international income tax debate Steve Nash is a two time league MVP who has played in the NBA since...
Curveball
Curt Schilling’s Investment Failure Represents the Latest Example of the Unique Financial and Tax Implications Facing Professional...
Does the “Jock Tax” Target Only Professional Athletes?
State income tax on non-residents incorrectly labeled a jock tax Author: Alan Pogroszewski The term “jock tax” first appeared in an...
No Upset in Victory over IRS
Lamar Odom’s win over the IRS was based on well founded legal precedent and IRS tax regulations. Lamar Odom is a high profile athlete who...
Business Miles
Driving to work out this summer? Be sure to keep good records on the miles you drive. The IRS allows a $.51 deduction for every mile...
Alternative Retirement Plans
If you are an employee, coach, or professional athlete at the minor league level and your organization does not offer you a retirement...
Not Playing, But Still Paying
The Cautionary tale of Darryl Strawberry’s Battle with the IRS Darryl Strawberry’s tax and financial troubles tell a cautionary tale...
The Value of Pujols
Are Athletes Overpaid or Well Paid? At the heart of this debate is marginal revenue produced. If the marginal revenue produced by an...
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