Articles by Teresa Ambord

NFL vs. Cleveland Tax Authorities: 3rd Down

Two football players continue to try to make their case that the city of Cleveland improperly taxed their income.

Celebs Talk a Big Game, But Will They Pay More Taxes?

Who wants to pay more taxes? If you’re waiting for a punch line, forget about it. With tax time underway, there will be a lineup of wealthy people, mostly celebrities, saying, “Please tax me more!” However, in many cases, their words don’t match their actions.

Olympic Medal Dreams: All That Glitters Is Taxable

Winning a medal in the Winter Olympics is not extremely lucrative for US athletes, with $25,000 awarded for gold, $15,000 for silver, and $10,000 for bronze. And that prize money is taxable by Uncle Sam. Even those with the lowest incomes will pay at least 10 percent to the IRS, and maybe more in state taxes.

Ohio Board of Tax Appeals Says No Relief for Two Former NFL Players

Two former pro football players, Hunter Hillenmeyer and Jeff Saturday, recently lost their individual cases before the Ohio Board of Tax Appeals last month. The board ruled that the games-played method of taxation the city of Cleveland uses does not violate the state’s constitution and is not unreasonable.

Super Bowl Money and Tax Facts You May Not Know

NFL players are well-paid, even the rookies. But the biggest winners this year – the Denver Broncos and the Seattle Seahawks – are playing in the Super Bowl this weekend. However, all of the Denver and Seattle players will owe the state of New Jersey taxes, thanks to the “jock tax.”

Clayton Kershaw Saves Millions in Taxes, Thanks to Texas

Clayton Kershaw just signed a record breaking deal with the Los Angeles Dodgers. So his primary workplace will be southern California, but he’s keeping his Texas address, more than 1,400 miles east. That may have something to do with family issues and the pride of being a Texan. But it’s also a smart money move.

Film Credits: Your Tax Dollars at Work Making Movies

Federal film credits are not new, but they are becoming big business in more ways than one. Approximately forty states receive federal film credits they can use to entice moviemakers to make motion pictures within their borders.

The Tax Picture of Downton Abbey If It Were in the US

Think you’ve got tax problems? Compared to the residents of Downton Abbey, you ain’t seen nuthin'. Just in time for this year’s US tax season, we’re treated to a fictional tax problem in the United Kingdom that may make yours pale in comparison.

Mark Zuckerberg Will Continue Paying a Lot of Taxes

For most of us, it might not be so unusual to double our tax bills in one year. That is, unless last year’s tax bill was a billion dollars.

Free Car! Except for the Taxes…Is That Price Right?

The biggest winner in the long history of "The Price is Right" … that’s what the media is calling Sheree Heil of Tacoma, Washington.

Accountant Caught with Hand in the Pearl Jam Jar

Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam.

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.

Beanie Babies at the Center of Tax Scandal?

Who would've ever thought Beanie Babies would emerge as part of a tax evasion scheme? Only in America. But on September 19, the billionaire creator of Beanie Babies, Ty Warner, was hit with charges of tax evasion.

Can You Afford Free? Taxes Spoil the Game Show Win

You've seen game shows where contestants hop around the stage excited beyond belief at the possibility of winning cash and prizes. What you don't see, according to some of the winners, is when the other shoe drops. That is, the tax shoe – and it drops fast.

How State Income Taxes May Be Redrawing the Population Map

Not many political potatoes are as hot as taxes. Whatever your opinion about state and local taxes, it's prudent now and then to gauge how the prevailing rates affect a state's fiscal health overall.

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.

Battle of the Governors: Low Taxes vs. High Tans

The battle of words between two governors sounds a little like a schoolboy exchange. Texas Governor Rick Perry seems to be thumbing his nose at California Governor Jerry Brown. Brown is clearly annoyed, yet responding as if Perry is more of a mosquito than a threat.