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IRS Sets Trap at US Open, Seeks Slice of Foreign Golfers’ Endorsement Income

2011-U.S.-Open-Golf-logo Following up on last week’s post, Retief Goosen Birdies at FedEx St. Jude Classic, Bogeys in Tax Court: the MSM and blogs have picked up the story:

“[T]he IRS is paying attention to how high-profile performers earn money, said Lucy Lee, an attorney at Caplin & Drysdale in Washington. “They’re watching what clubs are being used, what logo’s being displayed on the bags, the uniforms, and they’re taking notes,” said Lee, whose clients include female Korean golfers.”

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