Headline Sports Agents Sports Business

A Specific IRS Request For “Additional Information”

It sure seems like tax season here at Sports Agent Blog.  Here are tax related posts that have been published in the month of December:

After writing the IRS post, I received a message from attorney-agent Ron Del Duca of Del Duca Sports.  He referenced a piece that he wrote in April 2010 on his blog, which detailed a specific instance where he responded to an IRS request for “additional information” concerning deductions that one of his unnamed clients listed on  his federal tax return.  The IRS accepted Del Duca’s response and closed the case.

Del Duca can separate himself from the competition, because not only does he have a J.D., but he also completed Master of Laws Taxation Degree (LLM) from William & Mary in 1984.  Thus, he does not have to seek help from someone outside of his company should the IRS come calling one of his clients.

Del Duca’s client was seeking to deduct a total of $52,903 in expenses.  The breakdown was as follows,

  1. NFLPA union dues of $10,000.
  2. Agent fees of $32,812.
  3. A fine of $1,531 for being late to a team meeting.
  4. Shoes and other football equipment of $1,536.
  5. Game tickets for agents and other advisors of $2,269.
  6. Business related trip expenses of $4,755.

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.