A few weeks ago, I blogged the Wall Street Journal Law Blog’s account of IRS Chief Counsel Donald Korb’s July 2006 speech to the NYSBA Tax Section at the Baseball Hall of Fame in Cooperstown on The 10 Most Significant Tax Events in the History of Baseball:
- Mark McGwire’s 62nd Home Run Ball
- Atlanta Braves and Cash Back Splitoff
- Bug Selig – Allocation of Purchase Price to Players’ Contracts
- Bill Veeck – the P.T. Barnum of Baseball – tax planning in the purchase of team and the allocation of most of value of players’ contracts to depreciable assets
- Are signing bonuses considered wages subject to FICA/FUTA?
- Cleveland Indians, Collusion Payments and FICA/FUTA
- Dahl case – deduction of advertising expenses
- Are the costs of player contracts purchased by a team deductible or amortizable?
- Deductibility of Baseball Players’ Business Expenses
- ITC and Baseball
Following the WSJ item, the Hall of Fame asked Don for a copy of the speech. Here it is, along with a copy of the NYSBA Tax Section Program.
