2017 Year-end Tax Savings Plan

2017 Year-end Tax Savings Plan

The most common financial mistake we see MLB 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...
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...
How Your MLB Signing Bonus Is Taxed

How Your MLB Signing Bonus Is Taxed

For the majority of you, your signing bonus will be your first exposure to a significant amount of money. It will also be your introduction to paying a significant amount of tax. Your signing bonus presents unique planning opportunities that are often missed in the...
Professional Athlete Taxation: Establishing Residency

Professional Athlete Taxation: Establishing Residency

State Residency is one of the hottest topics amongst professional athletes. It is also one of the most misunderstood. The days of simply using someone else’s address and getting a new driver’s license as a way to “claim” residency are over. States have become more...
Tax Planning For 1st Year Draft Players

Tax Planning For 1st Year Draft Players

As a professional athlete, there are several planning strategies you can take advantage of that can potentially save you thousands of dollars, which is why it’s important to find a qualified Certified Public Accountant (CPA®) who specializes in working with athletes....

MLB Off-Season Tax Planning

The most common financial mistake we see Major League players make is not taking advantage of all the tax savings strategies available to them. This results in a player paying more taxes than necessary and missing out on years of future growth of the tax savings...