State Tax Strategies for Athletes and Entertainers: Residency and SALT Deduction Limitations
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will discuss how performers are taxed in varying states, mitigating the impact of state taxes, and the impact of tax reform on athletes and entertainers. Most individuals live and work in the same state and file a federal and a single state return. Professional athletes and entertainers are potentially subject to tax in every state they appear in a game or perform in a show. The panel will cover the "jock tax" and the two conventional methods of allocation, duty days, and game days. They will discuss strategic relocation, taxation of endorsements and signing bonuses, and the impact of tax reform on these celebrities.
Outline
- The jock tax
- Duty days
- Game days
- Residency
- State tax nuances
- Relocation
- Tax considerations for other earnings
- Endorsements
- Signing bonuses
- Other
- Mitigating the impact of tax reform on performers
Benefits
The panel will review these and other important issues:
- Impact of tax reform on athletes and entertainers
- Calculation of the jock tax
- Nuances of state taxation
- Strategizing residency
- Taxation of unique earnings
Faculty
Alan Pogroszewski
Associate Professor
St. John Fisher College
Mr. Pogroszewski is an Assistant Professor of Sports Studies at St. John Fisher College and the President of his own... | Read More
Mr. Pogroszewski is an Assistant Professor of Sports Studies at St. John Fisher College and the President of his own tax consulting business whose clientele include professional athletes performing services on three separate continents. Prior to accepting his position at St. John Fisher College, he was the Vice President of Business Operations for Sports Consulting Group, a firm that specializes in the representation of professional hockey players. Mr. Pogroszewski received his M.B.A. from Rochester Institute of Technology in 1996 and his M.S. in Taxation from St. John Fisher in 2003
CloseKari Smoker
Assistant Professor, Accounting and Business Law
Ithaca College
Ms. Smoker, JD, MS Taxation, is an Assistant Professor, Accounting and Business Law, at Ithaca College. She has... | Read More
Ms. Smoker, JD, MS Taxation, is an Assistant Professor, Accounting and Business Law, at Ithaca College. She has received a number of awards, including the Rochester Business Journal’s Forty Under 40 Award and the SUNY Chancellor’s Award for Excellence In Teaching. Ms. Smoker is also a consultant for AFP Consulting LLC, specializing in tax issues for professional athletes. She publishes regularly with co-author Alan Pogroszewski, has served with him as a consultant to the NBA and NHL Players’ Associations, and has been interviewed by various media outlets on contemporary tax issues affecting the sports industry.
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