Sports Feed

Sure, the polls are tightening as election day nears. Ignore them. The sports world has spoken and word is Hillary Clinton will be the 45th U.S. president. The Chicago Cubs celebrate their third World Series victory. Click image to watch the MLB.com video. World Series and White House winners: When the Chicago Cubs won the World Series 8-7 in a 10-inning Game 7 last night, Windy City native Hillary Clinton had to be happy. Sure, she's probably thrilled that her hometown team finally took Major League Baseball's crown after what many had believed was a 108-year-old curse. But the National... Read more →


Forget all those disparate and confusing presidential election polls, online and more scientific. The Washington Redskins have decided who will be moving into the White House next year and the team has chosen Hillary Clinton. Washington Redskins defensive Chris Baker leads fans at FedExField in celebrating the home team's 27-20 win over the Philadelphia Eagles on Sunday, Oct. 16. Click image to watch the full NFL game highlights package on YouTube. (And yes, I selected this screenshot because it promos the Dallas Cowboys game!) Players and coaches of the National Capital Area's National Football League team didn't actually vote. But... Read more →


UPDATE: The Oakland Raiders received conditional approval from the National Football League on March 27, 2017, to move to Nevada. The team, however, will play in Oakland possibly through the 2018 season while its Las Vegas stadium is built (using taxpayer money; see below). At least the Northern California stadium use will justify for a while the $83 million in taxpayer-funded bonds, dating back two decades, issued for renovations to the Raiders’ current Golden State home field. Hmmm. Speaking of the Oakland-Alameda Coliseum, the top seating deck already is blocked off because the team couldn't draw enough fans, partly because... Read more →


It's one of my favorite times of the year. Major league sports seasons overlap. The National Football League season is underway (How 'bout them Cowboys?!). Major League Baseball teams are battling for the World Series crown. Pucks drop in National Hockey League arenas across Canada and the United States this week. But the big sports news recently, at least from a tax perspective, is about the Olympics. On Sept. 29, an apparently not-that-limber President Barack Obama, with First Lady Michelle Obama looking on, welcomed four of the United States' Women's Gymnastics team members -- left to right, Aly Raisman, Laurie... Read more →


It was a good Summer Olympics in Rio not only for Team USA, which won 121 medals, but also for Nike. A Nike factory store (NikeFactoryStoreVaughanMills_Wikimedia) The Oregon-based athletic apparel and shoe maker got lots of attention for its neon yellow/green shoes that most of the U.S. athletes sported on track and atop assorted medal podiums. Now, however, Nike is in an unwanted tax spotlight. Nike vs. IRS: Nike Inc. is fighting a nearly $223 million tax deficiency notice from the Internal Revenue Service. Uncle Sam's tax collector says the company owes the money after the agency rejected the way... Read more →


It was an incredibly successful 2016 Summer Olympics for U.S. athletes. Ashton Eaton won one of Team USA's 46 gold medals in Rio, winning the 2016 Olympic Decathlon and again earning the title of world's best all-around athlete. He first won decathlon gold in London in 2012. (Click image to watch NBC coverage of Eaton's medal ceremony.) Overall, American competitors won 121 medals in Rio de Janeiro, Brazil. Gold medallions were bestowed on U.S. Olympians in 46 events. The country won another 37 silver medals and 38 bronze. The next closest medal-winning country was China, with 70. Right now, those... Read more →


Sports and betting, much to the chagrin of athletic purists and most league officials (except NBA Commissioner Adam Silver), are inextricably linked. Billions of dollars, from ubiquitous office pools to professional gamblers, are wagered, legally and illegally, on sporting events every year. Gamblers at a Las Vegas casino's sportsbook area place their bets, keep up with the many games on which they can wager. And this summer, the 2016 Olympics officially add to the U.S. wagering tally. Betting on the world's best athletes: Nevada Gaming Control last year revised state regulations to allow Silver State sportsbooks to offer wagering on... Read more →


Today marks the heart of the annual back-to-school state sales tax holiday season. Texas shoppers can pick up school supplies, like these that take up a whole special row at my local H.E.B. grocery store, tax-free this weekend. (Photo by Kay Bell) Twelve of the 17 tax-free events are this weekend, or part of it. Iowa's tax-free and Louisiana's tax-reduced holidays run from Friday, Aug. 5, through Saturday, Aug. 6. Tax holidays take place starting today through Sunday, Aug 7, in Alabama, Arkansas, Florida, Missouri, New Mexico, Ohio, Oklahoma, South Carolina, Texas and Virginia. Savvy shoppers can save a few... Read more →


Sports fans tend to be, well, fanatic. To many, it's what a player does during the game, not his or her off-field antics that matter. Moment of the Champions League final with FC Barcelona's Leo Messi, left, going against Patrice Evra of Juventus at Olympiastadion in Berlin on June 6, 2015. (Photo by Biser Todorov via Wikimedia Commons) That kind of no-questions-asked support was what the Barcelona football -- or soccer, as most Americans call the sport -- team was counting on in the wake of its star player's tax evasion conviction. Public outreach, tax backlash: Last week after Lionel... Read more →


The Internal Revenue Service says taxpayers should use any legitimate tax break to which they're entitled to help reduce their tax bills. Professional boxer Floyd Mayweather, Jr., however, seems to be pushing that recommendation. Floyd Mayweather, Jr. fighting Juan Manuel Márquez on Sept. 19, 2009, at the MGM Grand Garden Arena in Paradise, Nevada, just south of Las Vegas. (Photo by Ian McWilliams via Flickr CC) Mayweather, who counts Money among his nicknames (and shows why in his Instagram account), reportedly sent a Las Vegas strip club a 1099 tax form in an apparent attempt to write off a visit... Read more →


It's been a crazy weekend, with much of Sunday spent with my mom, who's a major golf fan, and not a bad player herself when she was younger. She still has her hole-in-one trophy. Since I spent most of the day at my mother's, I didn't get around to blogging today. But because part of our conversation between lunch and pedicures and shopping (both for clothes and food) was about Brexit and the U.S. presidential election and, of course, how they converged at Donald Trump's renovated Turnberry, Scotland, golf course and resort, the following tax-related golf quip seemed an appropriate... Read more →


Even without the Triple Crown on the line, today is still a big one for thoroughbred race fans. Could Suddenbreakingnews, getting a workout back in March, spoil Exaggerator's quest for another trophy in today's Belmont Stakes? Exaggerator, who out raced rival and previously undefeated Kentucky Derby winner Nyquist in Baltimore's muddy Preakness Stakes last month, is the favorite to win the Belmont Stakes later today. But the wide open field -- Nyquist's owners pulled the pony because it had been dealing with a fever and elevated white blood count -- has opened up the betting. A new horse in the... Read more →


Milwaukee Bucks players' tax information is now in the hands of identity thieves. The Milwaukee Bucks and fans celebrate a win. (Photo by Jeramey Jannene via Flickr Creative Commons) The National Basketball Association team is the latest victim of an email phishing scam in which crooks pose as corporate executives and ask payroll offices for employees' financial and tax information. Phishing for tax form details: Team officials confirmed reports, first in Yahoo Sports and then at other sports and technology websites, that a Bucks' employee complied with an email request from a person impersonating team president Peter Feigin seeking 2015... Read more →


It's Derby Day. No, not the hat, although fancy chapeaux are a big part of the big race in the Bluegrass State. Well-dressed racing fans at the 2008 Kentucky Derby. Photo by Lee Burchfield via Flickr. It's the running of the Kentucky Derby, the first leg of horse racing's Triple Crown. Thanks to American Pharoah's wins last year at Churchill Downs in Louisville, Kentucky; Pimlico Race Course in Baltimore, Maryland; and Belmont Park in Elmont, New York, we're starting a new quest for the world's best thoroughbred. Winning race bets are taxable: The tax focus on this and other big... Read more →


It's a wonderful day. In preparation for the 2016 National Football League draft that starts tonight at 8 p.m./7 Central, we step back from the drama of the presidential campaign and get ready for the drama of which young men will become instant millionaires. I'm a Dallas Cowboys fan, so the draft fascination for me is what crazy move owner Jerry Jones might make. (Photo by Kay Bell; Cowboys vs. Lions, Nov. 21, 2010, at Jerry World) As ESPN senior writer Mike Sando notes, "Like its predecessors, the 2016 NFL draft has proved to be unpredictable and, come Thursday night,... Read more →


Tom Brady could be sitting out the start of the 2016 National Football League season. Tom Brady taking the field in Denver Colorado, on Dec. 18, 2011, as the Patriots and Broncos were about to play. Photo by Jeffrey Beall (Own work, CC BY-SA 3.0) via Wikimedia Commons. If the star quarterback does miss the first four games of the 2015 NFL season in connection with Deflategate, he won't be alone in paying the price. Tax collectors in Arizona and Massachusetts also will be out some money. Commissioner vindicated: This morning, the U.S. Court of Appeals for the Second Circuit... Read more →


This was supposed to be the year that the Internal Revenue Service and its Security Summit partners clamped down on tax identity thieves. So much for the best-laid plans to fight tax fraud. The 2016 filing season has seen a series of tax security concerns, both among private tax service providers and the IRS. Identity protection site targeted:The latest trouble is a possible security problem with the IRS' Identity Protection Personal Identification Number, or IP PIN, online retrieval tool. An IP PIN is used by folks who've had their tax filing data stolen. They use their IRS-issued six-digit IP PIN... Read more →


What's one way to get state lawmakers to consider tax legislation? Threaten to effectively shut down one of its top college football programs. That's exactly what new Louisiana Gov. John Bel Edwards did. The Louisiana governor's budget warning has hit the state like a bolt of lightning. He says that without tax increases, there could be no LSU football this fall. Click image to view the SI Wire video report via Campus Rush. Edwards, a Democrat who succeeded Republican Bobby Jindal, took to the airwaves last week to outline the state's economic woes before the Louisiana legislature convened Feb. 14... Read more →


Super Bowl winners get it all. More fan adoration. Parades. A flashy piece of jewelry. Trips to Disney World. More taxes. Around a million Denver Broncos fans, including 24,000+ truant schoolchildren, thronged the Colorado capital on Feb. 9 to welcome home their NFL Champions. Photo by Enrico C. Meyer via Twitter. For many of the players in the NFL championship game, that last "benefit" is more than they bargained for. In fact, note a couple of tax attorneys, some of the Denver Broncos and Carolina Panthers players actually lost money by playing in Super Bowl 50. Wait. What? How is... Read more →


I am not a big gambler. Sure, as long-time readers of the ol' blog know, I buy lottery tickets. Way too many lottery tickets. But when the hubby and I go to Las Vegas, we go for the shows -- Cirque du Soleil, Penn and Teller, Blue Man Group -- not the betting. Today, however, is one of my favorite days of the year and it's not because of the Super Bowl itself, but because of the prop bets. (Full disclosure: That will change when the Cowboys finally get back to the championship game.) Beyoncé's appearance in today's Super Bowl... Read more →