With football season in full swing, members of Congress are taking another hit at the NFL’s tax exempt status: a second bill has been introduced which aims to eliminating tax exempt status unless the Washington Redskins yank their name. Does it have enough support to make a difference?
Tennis superstar Caroline Wozniacki walked away from her $1.45 million paycheck (by accident!) after placing at the U.S. Open. If you walked away from your paycheck, could you skip paying the tax on it?
When I was in elementary school, I had two career paths in mind: shortstop for the Atlanta Braves or trial lawyer. This was the result of many long summer afternoons of sitting with my granddaddy watching Dale Murphy in the outfield and Perry Mason in the courthouse. We didn’t live in Atlanta. Or even in Georgia. We lived in North Carolina where, at the time, there were no professional sports teams. Turner Broadcasting System (TBS), however, beamed the Atlanta Braves via satellite into my grandaddy’s living room where we could watch hours of baseball and old TV reruns. It was …
Former Philadelphia Eagles wide receiver Freddie Mitchell has been sentenced to 37 months in prison for his role in a tax fraud scheme.
Bayern Munich just keeps winning as it marches towards the UEFA round of 16… But Bayern Chief Uli Hoeness isn’t having the same kind of luck. This week, Hoeness found out that he will face a trial on charges of tax evasion with respect to millions of Euros he kept hidden from German taxing authorities.
Diego Maradona, football’s “Golden Boy” has been served with papers in Italy allowing tax officials to freeze his assets in an effort to pay off tens of millions of dollars in outstanding tax liabilities.
Despite reports that footballer Lionel Messi had cleared his tax debt, he and his father appeared in court this week for a scheduled hearing on tax fraud charges. What does it all mean for the star?
After months of speculation that Lionel Messi and his father, Jorge Horacio, might settle their tax case with Spanish authorities, the football superstar has made a “corrective payment.”
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: Playing sports while in school can be expensive. Are there are tax deductions or credits available to offset those costs?
Usain Bolt said he wouldn’t race in the U.K. after the Olympics unless they changed their tax laws… and they did, extending the laws in place for the Olympics for the Diamond Games. But is this a trend?