MLB Signing Bonus: Pay The Least Amount of Tax

MLB Signing Bonus: Pay The Least Amount of Tax

Are you familiar with how an MLB signing bonus is paid out? Historically, teams have split the gross amount into two equal payments over two years. The most costly mistake? Believing this is non-negotiable. To add to the complexity, the recent tax changes completely...
Establishing Residency For Professional Athletes

Establishing Residency For Professional Athletes

Professional athlete residency is one of the hottest topics discussed among professional athletes. It is also one of the most misunderstood. A change in residency, when done correctly and for the right reasons, may result in significantly lower taxes. However, if done...
How The New Tax Reform Effects Your Signing Bonus

How The New Tax Reform Effects Your Signing Bonus

At the end of 2017 President Donald Trump approved “The Tax Cuts and Jobs Act of 2017 (TCJA)” which went into effect this year. There are new provisions that have a dramatic effect on your MLB Signing Bonus and now require more proactive planning than ever before. The...

Everything You Need To Know About the Proposed Tax Reform

As you know, tax reform is being hotly debated in Congress right now. Both the House and Senate have passed versions of a tax bill and efforts to reconcile them are underway. There are provisions that have a dramatic effect on professional athletes and require...
2017 Year-end Tax Savings Plan

2017 Year-end Tax Savings Plan

The most common financial mistake we see players make is not taking advantage of all the tax savings strategies available to them. This results in you paying more taxes than necessary and missing out on years of future growth on the tax savings amount. As you know,...
Understanding Your MLB Signing Bonus Paystub

Understanding Your MLB Signing Bonus Paystub

Congratulations on receiving your first signing bonus payment. But, I’m guessing you are wondering if the team withheld too much tax or not enough. To make matters worse, what the team withholds is most likely different than what you will actually owe.  Understanding...