Sports

Tax

What a Difference a State Makes for Baseball All-Star Robinson Cano

It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice offers.
Tax

NFL Players Call Personal Tax Foul on Cleveland

As professional athletes' salaries continue to escalate, several revenue-strapped states seem to be looking to the athletes for a solution. Two NFL players are crying foul and taking one major city to court.
Tax

Ultra-Wealthy OK with California's High Tax?

Are the superrich leaving California? Despite the big talk, the ultra-wealthy don't seem to be going anywhere. But that doesn't mean the state isn't losing income and jobs.
Tax

Freddie Mitchell: I Banged My Head and Committed Tax Fraud

When Freddie Mitchell entered his plea deal last March, he'd live to regret it, he now says. The former wide receiver thought the deal was the best way to go, after an investigation showed he was neck deep in tax fraud.
Tax

With NFL Season Kickoff, Players Look to Cut Tax

UPDATE: Our recent article listed what NFL players can deduct on their taxes, and two of those deductions are making headlines in sports news this week: fines for personal behavior and rookie hazing expenses.
Tax

Taxman Tries to Lap NASCAR's Juan Pablo Montoya

If the IRS is correct, NASCAR driver Juan Pablo Montoya owes the government a bit of money. Like $2.7 million. Montoya concedes he may have underreported some income, but he maintains the IRS is way off.
Tax

NFL Players versus the IRS: It's a Tough Tackle

Professional athletes get a lot of glory, not to mention salaries that range from healthy to obscene, and all for doing what they love. It's one thing to envy their wealth, but when it comes time to file taxes, be glad you're not one of them.
Tax

Italian Taxmen Hound Soccer Player Diego Maradona to Pay Up

Diego Maradona took a chance returning to Italy this month where he was once a well-loved soccer star. When he visited back in 2009, the Italian tax authorities promptly confiscated two Rolex watches and a pair of earrings, valued at about $20,700.
Tax

Tax Makes Boxing in US a Bad Bout for Pacquiao

Filipino Manny Pacquiao is a superstar among professional boxers. The eight-division titlist isn't one to run from a challenge, but one bout he's had enough of is the one with the US taxman.
A&A

Intuit Announces Small Business Big Game Multimillion Dollar Campaign

Intuit's new program shares the stories of small business owners with the world and recognizes their contributions with more than $25 million in rewards and offers to help them succeed.
Tax

Large Chunk of Taxes Taken from Mickelson's UK Winnings

Phil Mickelson recently had about as perfect a two weeks in the United Kingdom as any professional golfer could hope for. Unfortunately for him, approximately 61 percent of his winnings will go to taxes.
Tax

Taxes Push Income of NFL #1 Draft Pick to Second Place

As of today, the top three NFL draft picks have signed their contracts. As predicted, the numbers came in with only a slight variation from 2012.
Tax

Will Taxes Affect Dwight Howard's 'Decision?'

UPDATE: Did Taxes Push Howard to the Houston Rockets? On July13, the Houston Rockets will hold a press conference to announce free agent Dwight Howard has decided to join their ranks.
Tax

Free Agency Brings Back Pivotal State Income Tax Issue

The NBA free agency period began hot and heavy on July 1, and for the NHL, it starts July 5. This means, once again, state income taxes are weighing in as these players negotiate for new contracts.
Tax

Sergio Garcia and Retief Goosen Tax Cases: Double Bogey for IRS

Athletic stars with big personalities and untarnished images can make far more by lending those images to major companies than they can by performing well at their chosen sports. But how is endorsement income taxed?
Tax

UPDATE - Tax Man to MLB: "Take Me Out to the Ball Game!"

Smart tax professionals who are aware of existing reciprocity laws can save professional athletes a bundle in taxes they don't really owe. That's why players have to rely on their tax advisors to know where reciprocity laws exist . . . and get it right.

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