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...
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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...
Pittsburgh’s Jock Tax is Under Attack
Non-resident NHL players face five times the jock tax in Pittsburgh as compared to their resident counterparts This past November, the...
Does Forming an LLC impact your Taxes?
A question that is becoming more common is whether there is any tax benefit to forming a Limited Liability Company (LLC)? The short...
Avoiding IRS Scams
A common scam being used is receiving a call from someone claiming to be an IRS agent or a Taxpayer Advocate Service agent. In the call...
Receiving your Income Taxes
Have you received all of your refunds? With budget difficulties in states such as California and New York and the delaying of issuing...
Keeping Track of Business Mileage
The IRS has increased scrutiny of employee business expenses–specifically business miles. Be sure to keep track of your business miles...
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...
Rams Win Cost California Nearly 1/2 Million in Jock Tax Revenue
As the Los Angeles Ram’s advance to his year’s Super Bowl the State of California ends up the ones paying! INTRODUCTION When the Los...
MLB Jock Tax Index: Quantifying the Monetary Value in After-Tax Dollars
Abstract The Jock Tax Index (JTI) is a new proprietary tool and has been featured in “Off the Charts” by Scarlet Fu on Bloomberg...
International Tax Requirements for Athletes
Playing in Europe or Asia this season? Playing abroad doesn’t excuse you from paying income taxes in North America: If you’re a U.S....
My Tax Accountant Says I can Deduct My Hot Tub. He’s The Expert – Should I Question Him?
Authors Alan Pogroszewski and Kari Smoker examined this very question in their recent law review article and conclude that you should...
Professional Athletes in High “Jock Tax” States pay the Price Under the New Tax Law
The scorecard regarding the new tax law shows that the location of your earnings creates both winners & losers Introduction There have...
William Nylander’s $45M Contract Takes Big Hit from NHL Escrow & Jock Tax
William Nylander’s recent signing provides a multitude of lessons in the valuation of a linked contract for a restricted free agents...
Revenue Canada Applauds Maple Leafs New Acquisition
INTRODUCTION John Tavares, the top prize in this year’s NHL free agent market, chose to sign with the Toronto Maple Leafs over five other...
Jock Tax is the Real Winner in NHL Draft
The Buffalo Sabres may have won the NHL Draft lottery however their draft selection Rasmis Dahlin was not as lucky Introduction This...
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