MLB Draft Podcast Ep. 7: How is Your Signing Bonus Taxed?

Download this episode Are you familiar with how an MLB Draft signing bonus is paid out? It’s not about what you sign for, but about what you keep. Historically, teams have split the gross amount into two equal payments over two years. The most costly mistake?...

IRS 2020 Tax Payment Extension Details

Today, the IRS provided the full details of the tax payment extension in Notice 2020-17. The notice provides that individuals may defer up to $1 million of Federal income tax payments ($10 million for corporations) until July 15, 2020. For this purpose, Federal income...