Tampa Bay Buccaneers Heir Says IRS Trying To Improperly Seize Assets

As the heir of a long time National Football League (NFL) franchise owner, Hugh Culverhouse Jr. knows a little bit about blindsiding. He just didn’t expect to experience it himself from the Internal Revenue Service (IRS). According to Culverhouse, the IRS blindsided him with a demand for payment on a tax liability that doesn’t exist … Read more

Footballer Lionel Messi To Face Trial On Tax Fraud Charges

Lionel Messi is having one roller coaster of a month. On Saturday, the FC Barcelona (“Barca”) soccer star helped boost his team to a 3-1 win over Juventus in the UEFA Champions League final, marking the fifth time that Barca has taken home the league trophy. While Messi didn’t score in that game, he clearly played a … Read more

Numerous FIFA Officials Arrested In Massive Corruption Scheme Tied To World Cup, Other Tournaments

The soccer world was rocked this morning to learn 14 defendants have been charged with racketeering, wire fraud, money laundering conspiracies, and other offenses, in a wide-ranging corruption scheme. The defendants include two current FIFA Vice Presidents as well as the current and former Presidents of the Confederation of North, Central American and Caribbean Association … Read more

FIFA President Sepp Blatter Releases Statement On Today’s Arrests, Indictments

Earlier this morning, Attorney General Loretta E. Lynch, Acting U.S. Attorney Kelly T. Currie of the Eastern District of New York, together with Director James B. Comey of the FBI, Assistant Director in Charge Diego W. Rodriguez of the FBI’s New York Field Office, Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI) and … Read more

Spanish Courts OK Barca Trial On Tax Fraud Charges Tied To Neymar Signing

It’s been a mixed week for FC Barcelona (“Barca”). Earlier this week, the team advanced to the Champions League final to be played in Berlin, Germany on June 6, 2015. The team will face underdogs Juventus in the match after Juventus bested Real Madrid in the semi-finals. It’s been more than a decade since Barca … Read more

Wells Report Points Finger At Patriots, Brady: What Comes Next?

On February 1, 2015, New England Patriots quarterback Tom Brady took home his fourth Super Bowl ring and his third Super Bowl MVP trophy when the New England Patriots defeated the Seattle Seahawks in a thrilling 28-24 final. That moment should have cemented Brady’s position as one of the all time best football players to … Read more

Fix The Tax Code Friday: NFL, Money & Tax Exempt Status

Earlier this week, the National Football League (NFL) announced that it would voluntarily give up its tax exempt status. The NFL has been tax exempt since 1942 under section 501(c)(6) of the Internal Revenue Code which grants tax exempt status to organizations with a goal “to promote the common business interest” with activities “directed to … Read more

Widow Of Former Pacers Owner Sues IRS For $21 Million, Says Team Became An ‘Embarrassment’

Last year, the Indiana Pacers found themselves in a National Basketball Association (NBA) showdown with the Miami Heat. As the regular season was winding down, a game hyping the #BeastsoftheEast would determine the Eastern Conference’s top seed. The Pacers took the game with a narrow 84-83 victory. This season tells a different story. With a … Read more

NFL Will Give Up Tax-Exempt Status, Calling It A ‘Distraction’

On February 15, 2014, Baltimore Ravens running back Ray Rice got onto an elevator with his then-fiancee, now-wife Janay Palmer in Atlantic City, New Jersey. When the doors opened, Palmer was unconscious. Rice’s lawyer referred to the incident as “a minor physical altercation.” Despite public reaction to the violence, Rice was fined by the NFL … Read more

Wahlberg And Diddy Bet $250,000 On Mayweather & Pacquiao Fight

On May 2, “The Fight of the Century” is happening in Vegas. If you have somehow missed out on the hype, the fight features star boxers Floyd Mayweather and Manny Pacquiao. American boxer Mayweather is currently undefeated as a professional. He has 47 wins and five division world championships. Last year, Forbes put him at the … Read more