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Articles Posted in “Tax in Sports”

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FORE! Tax Court Sides with IRS in El Nino’s Royalty Income Allocation

It is no secret that professional golf can be extremely lucrative for its star players. Not only do the tour golfers make substantial income from the golf tournaments in which they do well, but they can also make exponentially more money from endorsement or royalty deals. As all sports, especially…

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Estate Planning and Tax: The Late Jerry Buss Shows the Value of an Estate Plan

This week in February, 2013, the legendary Jerry Buss lost his battle with cancer. Sports fans, like myself, view Dr. Buss’s accomplishments unmatched in the sports world. For the uniformed, Dr. Buss owned several sports franchises in Los Angeles, most notably the L.A. Lakers of the NBA. During his tenure,…

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