In matters of Federal taxes, athletes are taxed exactly the same way as any other taxpayer. However, there are differences where state and local taxes are concerned. Professional athletes are taxed by state and local taxing authorities based on a calculation of duty days while playing, not only in their home team state, but in many other locations where their team may play. Our firm is experienced in assisting athletes with issues regarding establishing their state of residency, calculating their state and local tax obligations based on a proper calculation of duty days, and ensuring that taxes are minimized and savings are maximized.
