Category Archives: Taxation

Bears want review of order to pay $5.5 million in back taxes

Posted on October 15, 2011 by Roy Kessel

The Chicago Bears are asking a court to review an administrative law judge’s ruling that orders the team to pay about $5.5 million in back taxes. As WBBM Newsradio’s David Roe reports, the team is seeking an administrative review of … finish reading Bears want review of order to pay $5.5 million in back taxes

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Charlie Batch fares well in bankruptcy court

Posted on June 10, 2011 by Roy Kessel

Despite previous reports, The Pittsburg Post-Gazzette reports that Charlie Batch came out of bankruptcy court with most of his assets. Batch listed $2.3 million in assets and $8.3 million in debts. Under Chapter 7 bankruptcy, Batch is able to keep … finish reading Charlie Batch fares well in bankruptcy court

Posted in Athletes, Bankruptcy, Bonuses, Daily Digest, Football, Loan defaults, Taxation, Trials | Leave a comment

Vikings stadium plans move forward with changes, but not without opposition

Posted on May 18, 2011 by Roy Kessel

So what is going to happen to the stadium issue in Minnesota?  It seems that everytime we turn around there are new developments, most of which seem to indicate that the stadium will get completed in order to keep the … finish reading Vikings stadium plans move forward with changes, but not without opposition

Posted in Commissioners, Daily Digest, Facilities, Football, NFL, Owners, Real estate, Taxation, Teams | Leave a comment

Richard Dent owes IRS over $1.1 million

Posted on April 27, 2011 by Roy Kessel

Newly elected Hall of Famer Richard Dent owes more than $1.1 million in delinquent federal taxes to the IRS, according to public records and a report by the Detroit News. The former Chicago Bears defensive end had a $1,160,056 tax … finish reading Richard Dent owes IRS over $1.1 million

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Vikings stadium bill will include extra taxes on many

Posted on April 1, 2011 by Roy Kessel

The bill proposed by two legislators seems to be on target to help get the needed financing but it will come at a price for the athletes and the team. Two Republican legislators sent a letter outlining the plan, according … finish reading Vikings stadium bill will include extra taxes on many

Posted in Daily Digest, Facilities, Fans, Football, Memorabilia, NFL, Real estate, Taxation, Teams | Leave a comment

Steinbrenner trust may be hurt by estate tax loophole

Posted on October 5, 2010 by Roy Kessel

When estate plans are set up for the ultra wealty, they typically try to protect all value created during their lifetime by using the exemptions which are in place.  These same exemptions may also cause them to lose some of … finish reading Steinbrenner trust may be hurt by estate tax loophole

Posted in Baseball, IRS, MLB, Officiating, Owners, REPURCUSSIONS, Suspensions, Taxation | Leave a comment