Jeter in trouble with the Taxman.

Discussion in 'Sports Board' started by Terry O'Keefe, Nov 16, 2007.

  1. Terry O'Keefe

    Terry O'Keefe Well-Known Member Administrator

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    Since I have only 1 house and live in one city it's hard for me to wrap my mind around his problems. What are the general rules with regard to where for tax purposes you can claim to live, it seems like if you live in NYC most of the year you'd be a NY State resident. Don't athletes have to pay taxes in every state that they play even 1 game?
    This is one of those things AJNJ would give us the straight skinny.
     
  2. IrishCorey

    IrishCorey Well-Known Member

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    holy cow

    <t>I hate taxes. I really do.<br/>
    <br/>
    If Jeter loses this.<br/>
    <br/>
    -The city will have used his charitable acts against him in an effort to grab his money.<br/>
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    -This will be a black eye for New York sports. I would imagine that Florida franchises could try to lure players for tax reasons.<br/>
    <br/>
    -I bet Jeter wins. This isn't like they are going after a Mobster.</t>
     
  3. GaterzFan

    GaterzFan New Member

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    I wonder if he holds a Florida Driver's License, is registered to vote in Hillsborough County, and has homesteaded his Tampa residence? Also, wonder which address he uses on his form 1040?

    I wonder if his employment contract is governed by the laws of the State of NY and if his employer lists a NY address? Also, wonder if he's paid from a NY State based bank account ..... into a NY based account that has a NY mailing address? Wonder what address the Yankees have on file for him and what address is on his W-2, I-9? Or, are these guys somehow deemed independent contractors for tax purposes in which case he'd get a 1099?
     
  4. Sid

    Sid Well-Known Member

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    All excellent points, Gaterz. Are you an IRS agent? :lol:
     
  5. GaterzFan

    GaterzFan New Member

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    No, just dealt with this situation once ... trying to "live" in Florida while "working" in California.
     
  6. gipper

    gipper Well-Known Member

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    Gaterz
    After having dealt with the NY DMV years ago, I can't think of a worse place to have to get and renew a license. He has to have knoweledgable advisors. With no facts, I'm betting on Jetter.