What type of advantage does the NHL expansion team in Vegas have in signing free agents in the open market? Introduction Earlier this month, the Vegas Golden Knights outbid several NHL teams in signing Russian forward Vadim Shipachyov to a two-year $9 million contract. Vegas General Manager George McPhee noted that with no state income […]
With a rash of suspensions and fines among NHL players this past month, we explore the tax consequences of these two forms of punishments Over the past month, the NHL has taken several disciplinary actions against its players resulting in both suspensions and fines. In late January, Boston Bruins Forward Brad Marchand was fined $10,000 for […]
Even though Tom Brady lowers his non-resident tax by over $20,000 by playing in this year’s Super Bowl in Texas, his home state of Massachusetts will make him pay, win or lose Although all income is subject to federal tax, where the bonuses from this year’s NFL playoffs and Super Bowl becomes interesting, is at […]
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 of year for all professional athletes. In addition to facing the same tax requirements as others, professional athletes have several additional layers of complexity. First, filing requirements can be confusing […]
As tax season approaches, I thought it might be helpful to provide some guidance on how to successfully proceed in collecting and organizing your information. Updated January, 2019 Tax Questionnaire The first step is to download this year’s tax questionnaire. The questionnaire is our basis in understanding your unique tax situation and provides the opportunity […]
Economic forces hinder Canadian NHL Teams Introduction For the first time in almost fifty years, Canada has failed to send one of their seven NHL franchises to the Stanley Cup playoffs. With that, it can be expected that Canadian based teams will be looking to make a big splash this off-season when several top tier […]
Tax Index The Jock Tax Index (JTI), presented at the 2015 MIT’s Sloan Sports Analytics Conference and featured on Bloomberg Television’s Market Crashers, is a proprietary tool which allows both teams and player representatives involved in contract negotiations to compare the true value of any potential contract proposal to the same monetary offering from every […]
Peyton Manning is going out in style with two last wins. One over the Carolina Panthers in the Super Bowl and the other over the California Tax Board. Situation: This past off-season, Peyton Manning restructured his contract and converted a portion of his base salary into $4,000,000 in performance bonuses. By winning the Conference […]
Eric Staal’s quest for his second Stanley Cup comes at a cost of $68,809 to him. Introduction This past Monday’s NHL trade deadline and the days prior to it provided us with multiple players exchanging teams. Whether it was a contender adding the last piece of the puzzle or a prospect being sent back in exchange, […]
As free agency approaches, the Stamkos watch is on. INTRODUCTION With the Los Angeles Kings extending Anze Kopitar’s contract for eight years at an annual average value (AAV) of $10,000,000, the extension places Kopitar equally between Evgeni Malkin of the Pittsburgh Penguins $76 million, eight-year contract and Chicago Blackhawks teammates, Jonathan Toews and Patrick Kane […]
January 1, 2012
Be sure to organize your papers. This minimizes the time and expense its takes to prepare your taxes—and frees our advisors to concentrate on lowering your tax burden rather than tracking down data.
Fill out the tax questionnaire carefully and completely and separate your tax forms and receipts into different envelopes.
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