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Headline Sports Agents Sports Law

Agent Fees Often Raise A Red Flag To The IRS

Last week I published a couple of posts about taxes (see Cliff Lee Thinking About Texas Taxes and Did Taxes Have A Role In Cliff Lee’s Decision?).  I have no formal education in that particular area and I imagine that many agents similarly are not well versed on various state and federal tax laws.  Thus, […]

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Headline MLB Players MLB Teams Sports Business

Did Taxes Have A Role In Cliff Lee’s Decision?

Monday’s post about Cliff Lee’s taxes created quite an interesting discussion in the comments section.  Off of the site, I had a good conversation with Robert Raiola, a CPA at Van Duyne, Behrens & Co., P.A. Raiola helps many athletes with their taxes and provided great insight to Darren Rovell of CNBC in his piece on Cliff Lee […]

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Headline MLB Players MLB Teams Sports Business

Cliff Lee Thinking About Texas Taxes

It would be silly for Cliff Lee and his team of advisors to not take into consider the tax consequences of signing a long-term contract.  Lee is looking to sign a 7-year contract, which will lock him up in a certain locale, where he will play all of his home games and likely be taxed […]

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Headline Hockey Sports Law

Residency – Not A Decision To Be Left On Ice

This is a guest post by Jeffrey Steinberg C.A., Partner, Audit & Advisory at Soberman LLP. You have just signed a contract, and are ready to embark on or continue your career as a professional hockey player. But then it blindsides you like an open-ice body check – the realization that you must share part […]

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Friday Wrap-Up Headline

Shabbat Shalom: Friday Wrap-Up (7/9/2010)

After what seemed like the slowest sports news week of the year, this week has been full of stories – mostly revolving around LeBron James.  I’m a little hungover from the excitement of Wade, Bosh, and James in the city that I will most likely be returning to in less than a month.  Not guaranteeing […]

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Contract Negotiation Headline Soccer

Why the Premier League can’t keep up

Taxes. Nobody likes paying them, but without them we wouldn’t survive. Drawing on the recent post by Darren in regards to the levels of US state taxes and the effect on player income [ “A Taxing Discussion”], I thought I would look at the tax rates and how they factor into soccer contracts on a […]

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Headline Sports Law

A Taxing Discussion

Admittedly, I am not an expert on tax issues. My specialty in high school was math (perfect score on the SAT), but I ended up majoring in Political Science and have yet to take income tax in law school (perhaps I will take it in my final semester). As dry as the subject might be, […]