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Sun, Sand, Palm Trees, and No State Tax
How Florida, Tampa, & Vegas, playing in states with no income taxes have taken advantage of their tax situation to capture four of the...
Excluding Foreign Income Should be Excluded by Taxpayers
US citizens face the most unique tax situation in the world as they are the only developed country to impose tax on individuals who have...
BOIs, LLCs, and Headaches for Small Business Owners
Owning a small business is no easy task itself. It is difficult for owners to worry about making money and paying their bills. They must...
Eyes To Free Agency - Tax Changes to Know
With July 1st quickly approaching, free agents in the NHL and NBA will be looking for the best landing spots for their future. Although...
What Benefits do Signing Bonuses Really Provide?
A comprehensive look at both the US and Canadian tax stance on how signing bonuses are taxed and the overall affects these policies have...
Alan Pogroszewski Accepted to Marquette Sports Law Review
AFP Consulting, LLC is proud to announce that Alan Pogroszewski and Kari Smoker’s article, Name Image and Likeness: Three words that...
Here Today Gone Tomorrow
How deferred compensation in athletes’ contracts has California scrambling to stop this money from escaping taxation within that state....
Jock Tax Takes a Bite out of Signing Bonuses
Signing bonuses are common, but how they are taxed is often misunderstood. Introduction There are many factors that need to be taken into...
Jock Tax Comes to Campus
With student athletes now able to profit from their likeness in the form of name, image and likeness, Universities like their...
Collecting Team Fines is Fine for Taxes
Team fines are not taxable to fund administrator as long as they are properly categorized. As practice starts, a teammate got stuck in...
Pittsburgh’s Jock Tax is Ruled Unconstitutional
Judge Rules Pittsburgh’s Facility Fee is a Violation of Pennsylvania’s Constitution and Prohibits the City from Collecting It UPDATE AS...
Seattle & Shane are Right Fit
Draft prospect Shane Wright falls from first overall to fourth and in the process reaps the financial reward. By: Alan Pogroszewski...
Name, Image, & Likeness: Three words that will end ameturism under the NCAA
Introduction On June 30, 2021, the National Collegiate Athletic Association (NCAA) released a statement allowing college athletes to...
Tax Season can be Taxing to Professional Athletes
Whether you are a seasoned veteran or a rookie navigating tax season for the first time, it can prove to be an extremely stressful time...
“Jock Tax” is a Headache to Professional Athletes
How the Pandemic, Covid-19 Protocol and the bubble have affected how the Jock Tax is Calculated and Reported Introduction During the...
Are Trainer Tips Taxable?
Trainer tips have always been considered income and should be reported and included on your tax return. However, a change in law means...
1099-Ks Are OK for Businesses
As part of the American Recuse Plan Act that was signed into law on March 11, 2021, changes were implemented that effects how third-party...
Is it Income – If My Teammate Pays Me Back for Dinner?
As part of the American Recuse Plan Act that was signed into law on March 11, 2021, changes were implemented that effects how third-party...
Ouch! You Mean It’s Not Tax Free Income?
Although Athletes receive credits for taxes paid overseas, they should understand that foreign income isn’t tax free and they still need...
Understanding of the Jock Tax provides Value to the Bottom Line
Introduction In negotiations, knowledge is power for both the athlete and the organization. By quantifying the financial and tax...
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