On August 18, we announced that we will be running a new segment titled, Ask The Expert, in conjunction with AccessAthletes. The first speaker of the series was Emery B. Sheer of Berenfeld LLP. Sheer is a CPA who enjoys managing the accounts for many athletes and actors.
The questions and answers were superb, and SportsAgentBlog.com is proud to be a part of the effort.
In our first installment of the new feature, topics discussed included: student-athlete insurance policies, taxes on signing bonuses, smart investments, 401(k)s, fines as tax deductions, player-run foundations, purchasing real estate, athletes creating their own LLCs, and student-athlete preparation for the big pay day.
The interview may be read, in its entirety, here.