Bobbleheads Exempt From Tax After Court Ruling
The Ohio Supreme Court ruled 5-2 that the Cincinnati Reds aren’t required to pay taxes on promotional items that they give to fans who attend their games.
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Famous Tax Cheats: Pete Rose, Baseball Player
Peter Edward Rose, one of the most famous faces in baseball, turned 74 last week. He still holds more records than any other player in the history of the sport. You’ll find his name plastered all over the record books but not where it matters most to him: the Baseball Hall of Fame. Why not?…
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Big Dreams, Big Dollars, Big Stakes At Little League World Series
This week, Mo’Ne Davis made Sports Illustrated history: she became the first Little League player to make the cover of the sports magazine in its more than 60 year history. The 13-year pitching phenom from Philadelphia captured the hearts and minds of many baseball lovers over the past few weeks as she – and her…
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Braves New World? Taxpayer Funding Remains A Concern As Atlanta Rushes Towards New Stadium
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…
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Best Night Of Baseball Ever: You Can Bet On It
So wow. I hope you stayed up last night – like I did – to catch those baseball games. And by those baseball games, I mean a set of four baseball games that made up what was possibly the greatest night in baseball regular league play. If you didn’t catch it, I highly recommend you…
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Beer, Taxes & Baseball: Can You Get Any More American Than That?
Baseball fans all over the country can breathe a sigh of relief. No, it’s not because the Phillies managed to crank out two runs in the ninth last night to remain atop the NL East. Rather, it’s because the darling of baseball these days, Christian Lopez, won’t be paying out of pocket for taxes after…
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The IRS Cares What Clemens Has To Say
IRS Special Agent Jeff Novitzky has a special interest in the hearing for seven-time Cy Young Award winner Roger Clemens. Novitzky has been at the helm of a five-and-a-half-year investigation into steroids in professional sports including drug use in Major League Baseball. Novitsky had expected to hear testimony from New York Yankees pitcher Andy Pettitte,…
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Red Sox Win! Now What?
While my Phillies weep silently, waiting for next season, there are tax consequences galore to consider in Boston. Huh? Check out this great post at TaxProf Blog
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756 Goes On The Chopping Block
As a bunch of folks predicted, Barry Bonds’ record-breaking home run ball (756) will be sold at auction. The fan who caught it, 21-year-old Matt Murphy, says he can’t afford to keep it because of the tax consequences. He reportedly said that “several people told him he would be taxed on the souvenir” if he…
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The Ball. The Hoopla. The Tax.
There is a lot that is going to be written about that ball. You know the one that I’m talking about… 756. You know that what could be considered a tax event is mainstream when you see it announced on ESPN. And yes, there it was on the ticker yesterday: What are the tax consequences…
