We have monitored this legal process and taken a proactive approach for clients to ensure those eligible for refunds receive them.
Teams had approached paying this fee differently so not every #NHL player had this fee paid from their earnings and therefore will not get a refund
News: The Pennsylvania Supreme Court has ruled that the PA Usage Fee (a jock tax in Pittsburgh) is unconstitutional.
#NHLPA and Kyle Palmieri were named among the appellees. Key text: Pittsburgh could not justify why they were taxing nonresident athletes and entertainers more than resident athletes and entertainers.
Visiting players were taxed 3% on their day’s earnings for every road game in Pittsburgh. Players will soon receive refunds from their pre-emptive filings.
The start of NHL UFA amplified the discussion around income taxes as a factor when considering where a player might sign. We discussed it with @SWhyno.
https://t.co/uFMM0imYR5
Don’t underestimate the lack of income taxes impacting this deal. Using @afptax Jock Tax Calculator, #Sabres would have had to offer $6,439,728.40 AAV to match same net value. #HockeyTwitter
On the heel of #NHLFreeAgency it's important to understand the #JockTax consequences of signing with one team vs another. Shane Wright falling to #Kraken is financially beneficial for him. Find out by how much. #HockeyTwitter
https://t.co/ukBdpJ4fe3
As contracts are negotiated, whether in the majors, minors, or overseas leagues, we always invite clients to reach out to us to understand the tax implications and ultimately how much money they keep before putting pen to paper. #JockTax
On the heel of #NHLFreeAgency it's important to understand the #JockTax consequences of signing with one team vs another. Shane Wright falling to #Kraken is financially beneficial for him. Find out by how much. #HockeyTwitter
https://t.co/ukBdpJ4fe3
The 2021 Tax Season is upon us. This year's tax questionnaire has been posted. If you, a teammate, or client are in need of tax preparation assistance, please contact us - https://t.co/NL1LdrgcWN
Lucky (or maybe unlucky) 13 days remaining to get your taxes filed. If you hold financial accounts outside the US and file a US resident return, you need to disclose those. It has no impact on your tax calculation though!
There are 36 Days until the tax deadline! If you have the opportunity to establish domicile in a state with a lower income tax, you should do so. Properly establishing it can be a little tricky and we are expects at helping.
https://t.co/EDfYx7POy0