jbjr[at]webtv.net (William Brenner) wrote:

- quote -

How is this any different than the tax on any other person
who earns income in state other than their state of
residence? The players tax is high only because their pay is
so high.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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wjbjr[at]webtv.net (William Brenner) wrote:

- quote -

In the future in such situations try
http://tinyurl.com/ or
http://snipurl.com/

They will turn a relatively longer url like
http://cbs.sportsline.com/mlb/story/8342282
to something like http://snipurl.com/dtwd

Stu

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Paul A Thomas <taxman[at]negia.net> wrote:

- quote -

But if you did contribute, the value of those tickets would
be subtracted from the amount contributed to get the
deductible amount.

Seth

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Dick Adams <rdadams[at]smart.net> wrote:

- quote -

Are the tickets sellable, or are they only allowed to be
given to family and friends? If they can't be sold, their
cash value is well below face. (If they can be, their cash
value would depend on circumstances; for non-sold-out games
I'd contend they're still worth less than face, for sold-out
games they could be worth a lot more.)

Seth

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The ticket tax is not a big deal compared to the so called
"jock tax", wherein some states and cities tax visiting
players, coaches and other team people on the portion of
their salaries that is earned while playing in said state.

As the accompanying article points out, this can involve big
bucks -- as well as much work for tax preparers.

http://www.taxfoundation.org/press-jocktax2.html

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"Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote:
- quote -

The term "de minimus" has nothing to do with the amt of
income one makes or the income an entity earns, it has to do
with how difficult it would be for the organization to
account for these benefits - how hard it would be to
segregate the costs and report it. IMHO promotional tickets
would be hard as heck to track and you would have to get tax
IDs from everyone given the tickets, a huge admin
requirement, whereas players for a sports team receive a
very specific allotment of freebee tickets for every game
and these are significantly more easy to track and report.
The team already has the players TIN and they know exactly
how many tics the player receives and the face value of the
ticket.

- Steve

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OOPS!

The URL apparently was so long that it did not transmit.
Unless the Honorable Moderator chose it to omit.
(with thanks to the late Johnnie Cochran)

Anyway, the AP story is the same as the one contributed
by brother Kalman.

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A very timely question with an equally timely answer.
[Please excuse the long URL. You may insert your shortcut
should you so desire.]


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Dick Adams wrote:

- quote -

(unresearched opinion only.)

given the exorbitant salaries of major leaguers, I would
think the value of said tickets would be "de minimus".

ChEAr$,
Harlan Lunsford, EA n LA
1 April 2005

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Dick Adams wrote:

- quote -

I had always thought the tickets were taxable as compensation
(property received for services). I just learned that the IRS
had never taxed them until literally... now. See the following
article from 3/30/05. I don't know how the IRS communicated this
change to sports teams.

http://msnbc.msn.com/id/7341905/

--
Alan
http://taxtopics.net

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"Dick Adams" <rdadams[at]smart.net> wrote

- quote -

UGA imputes income to their employees on the face value of
the tickets they receive. Many receive a ticket discount
(half off the ticket price) and the other half goes on their
W-2. The "higher-ups" get "free" tickets that again, go to
their W-2 at face value.

Now, there are people (in the fundraising ranks) that get
free tickets for promotional use. My understanding is that
these are tightly controlled as to who gets them, and who in
the end received them (tons of documentation). I doubt that
if I were a prospect for making a couple of hundred thousand
in contributions to the athletic department, that I would
have income on the sky box seats I would get invited to use
some October Saturday.

My guess is that yes, the face value of the tickets would be
part of the players income.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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As many of you know the four great loves of my life are:
Women, Children, Baseball, and Statistics. In the first
two I have experience. In the later two, I actually have
knowledge and problem-solving skills.

The subject of taxation of tickets came up on one of the
SABR (Society for American Baseball Research) listservs.
The specific question is are tickets given to players to
distribute to their family and friends taxable income to
the players?

My position is that this will not stand-up in Tax Court.

I'd like to read the opinion of others on this subject.

Dick

P.S.: SABR is at www.sabr.org. And if you want a plethora
of Baseball data, try www.baseball-research.com and
www.retrosheet.org.

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