Sports Feed

Will we hear "Houston, we have a problem" during Sunday's Super Bowl LI in H-Town? Oddsmakers say yes, there is a good chance we will hear that NASA-related phrase (popularized by the movie Apollo 13, but not actually uttered during the real ill-fated 1970 mission) during the NFL championship game's live broadcast. Super Bowl LI kicks off at 6:30 ET/5:30 CT, Sunday, Feb. 5 from NRG Field in Houston, Texas. It will be broadcast on Fox. That's just one of the prop bets being wagered on Sunday's (Feb. 5) matchup between the New England Patriots and Atlanta Falcons. Total wagering... Read more →


Hello February. Although you're the year's shortest month, your fewer days can be full of extremes, like snow this week in the Midwest and Northeast and weather warm enough here in Central Texas for us to turn off the furnace and open windows. Image courtesy Tammy King's February Pinterest Board February's changes can be dramatic. But there's no need to over-react to your taxes this month. There are lots of easy moves you can make over the next 28 days. Collect your tax statements: Filing data on a variety of forms is filtering in this month. If you work for... Read more →


Yes, it's December. Only eight days until Christmas. Much of the United States is in the grip of a deadly winter storm. That's why I'm thinking about baseball and coming spring warmth and renewed hope, sports and otherwise. The other reason I'm thinking about baseball today is taxes. It costs Major League Baseball clubs lots of money to keep star players like Houston Astros Hall-of-Famer Craig Biggio on their teams. But if they spend too much, they'll pay the league's luxury tax. (Photo of Biggio wall in Houston's Minute Maid Park by Kay Bell) Another MLB [tax] record falls: A... Read more →


In 1994, Buck Showalter, current Baltimore Orioles (Go Birds!) manager but back then manager of the New York Yankees, had a small role in an episode of Seinfeld. Fans of the show about nothing might remember that this particular episode was, in part, about the Bronx Bombers uniforms. Orioles' manager Buck Showalter talks with MLB Network about his 1994 "Seinfeld" appearance and its tax ramifications. Click image to watch the full clip. Today on MLB Network's broadcast from Major League Baseball's winter meetings in National Harbor, Maryland, outside of Washington, D.C., the ebullient Showalter talked about his brief TV career... Read more →


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 →