Where sports and tax law collide — contracts, trades, endorsements, and the tax questions that come with playing (or owning) the game.
You don’t think tax returns are handy? Tell that to John Daly. Daly recently revealed that he ran the numbers and determined that his actual gambling losses were $90 million compared to $35 million in gambling wins. The numbers are so staggering that it shocked even him: he had only estimated the figures in prior…
Over the past few days, like many of you, I’ve been glued to the NFL draft board (Forbes’ Darren Heitner had great coverage here). It was exciting to see who was picked first (Houston took Jadeveon Clowney); who bit on Johnny Manziel (sorry, Cleveland), and where Michael Sam, the first openly gay player to be…
Planning to play for Buffett’s billion dollars? Or maybe just a dip in the office pool? Here are some tips to consider as March Madness begins…
It’s over. Today, Uli Hoeness announced that he would not seek an appeal of his tax conviction and would, instead, head off to jail.
It was a quick sentence but a powerful one: Bayern President Uli Hoeness was sentenced to more than three years in prison for evading taxes.
Want to win a billion dollars? Here’s your chance.
FC Barcelona has paid $18.5 million to Spanish tax authorities amid allegations of improprieties related to the signing of Brazilian super star Neymar. Refusing to admit any wrongdoing, the club referred to the transfer as “voluntary.”
What’s the biggest soccer news to come out of FC Barcelona in recent months? Tax debt. Now that Messi has resolved his tax issues, the team has to grapple with questions over the Neymar transfer.
As our athletes medal in Sochi, the chatter has again started about whether those medals – and the associated bonuses – should be exempt from federal income tax. Is it appropriate? Or necessary? I say no to both. And here’s why.
It’s the Super Bowl. You’re watching for the football, right? Over a quarter of those tuned in do so to watch the commercials. That’s good news for advertisers – and lucky for them, they can take a tax deduction for the expense. But you don’t have to be a Super Bowl advertiser to claim promotional and advertising expenses.