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...
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Obtaining Your W2 Forms
Have you seen your W2’s yet? The IRS requires that all employers forward their wage slips from the previous year to all employees by...
Filing an Amended Return
Think you’re eligible for credits you didn’t claim in a previous year’s tax return? Then, file an amended return and claim a credit for...
Importance of Organization
Be sure to organize your papers. This minimizes the time and expense its takes to prepare your taxes—and frees our advisors to...
The Benefits of Donations
Cleaning out the basement or garage this summer? Donating used equipment or autographed memorabilia is a great way to earn goodwill and a...
Keeping Track of Road Games
As a professional athlete you are taxed on income earned in states in which you perform services. Your team will withhold state tax on...
Signing Your Returns
Even the simplest mistake can delay the processing of your return and refund. One of the most common mistakes according to the IRS is...
Understanding Tax on Stocks
If you sold stock during the past year, the sales price of that stock is taxable, but you can offset that amount by any cost related to...
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...
Business Mileage Tax Deductions
As a professional athlete or coach, you may deduct your business mileage. This includes miles driven to and from any arena other than...
The Cost of State Income Taxes
Angles Pay $23,368,000 More Because of State Income Tax Rate The Anaheim Angels of Los Angeles captured the most sought after free agent...
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...
Moving Expense Deductions
Trading Spaces and Moving Expenses With training camp just around the corner for the NHL and NBA and all the athletes who change teams...
Business Miles
Please note: the IRS has increased scrutiny of employee business expenses–specifically business miles. So to verify the business miles...
The Cost for Crossing the Border
How much will it cost you in additional income tax dollars to play in Canada? With professional sports leagues operating in both Canada...
Are Suspensions More Beneficial?
With the large fines being imposed by the National football League this past month as well as the talk of possible suspensions in the...
The Option to Pay More
In a time when budget crunches have increased the need for revenue among states, Massachusetts has offered their taxpayers the unique...
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