athletes and entertainers— multistate tax issues real.pdf · phil mickelson: drastic changes? ......
TRANSCRIPT
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We bring the experts to you
Athletes and Entertainers—Multistate Tax Issues
Presented by
Timothy P. Noonan, Esq.
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Summary of Topics
Section 1: The All-Important Concept of Residency
Section 2: Pay to Play: Nonresident Income Allocation Issues
Section 3: Tax Credits, Withholding andOther Stuff
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Section 1
The All-Important Concept
of Residency
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Starting PointOverview of Income Tax Issues
Central Issue: Where Do I Pay Tax?
Residency: Where do I “live?”
Allocation: Where do I work?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real-Life Case Studies
Derek Jeter: NY vs. FL
Lindy Ruff: Home sweet home?
Mario Williams: $100M Man
Phil Mickelson: Drastic Changes?
Johnny Manziel: Texas or Ohio?
Tom Hanks: On Broadway
Alec Baldwin: Another Baldwin in trouble
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
Importance of Residency Status
Basic Residency Tests
Residency Based on Domicile
Residency Based on Days
Burden of Proof in Tax Cases
Jeter vs. NYS
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Different State Residency TestsDomicile OR ‘Statutory Residency’
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Different State Residency TestsDomicile OR ‘Statutory Residency’
7 Months
200 Days
Days Only
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Different State Residency TestsDomicile OR ‘Non-Temporary/Transitory Purpose’
California
Illinois
Arizona
Hawaii
Michigan
Montana
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
OH’s Bright-Line Tests
Domicile Only (sort of)
AL, SC, WI, KS, MI, NM (look out for “presumptions”)
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
Best Places to Live
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Domicile
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
Factor-Based Tests
Home
Business
Time
Near and Dear
Family
Leave & Land Rule
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real-Life Case Studies on Domicile
Derek Jeter: Burden of proof
Lindy Ruff: Home sweet home?
Mario Williams: Not according to his neighbors
Phil Mickelson: Needs “Drastic Changes”
Johnny Manziel: No Place Like Texas
Tom Hanks: A lucky guy?
Alec Baldwin: NYS vs. NYC
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
“Statutory” Residency
“PPA” and 183 Days
The “PPA” Test: Living Quarters
Any type of dwelling
Gaied v. New York: Taxpayer must “use as a residence”
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
The All-Important Concept of Residency
Calendar
Phone Logs
Credit Cards
EZ Pass
Flight Records
Recordkeeping Issues & 183 Days
Team Schedules
Tour Schedules
Monaeo Tracking App
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Case Studies on Stat Res
Derek Jeter: Counting games
Lindy Ruff: In a box
Mario Williams: Not according to his neighbors, again
Phil Mickelson: N/A
Johnny Manziel: Johnny Countdown
Tom Hanks: An un-lucky guy?
Alec Baldwin: NYS vs. NYC
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
state income tax
Please locate yourAttendance Validation Form
(it should be the 4th page in your Handout Materials)
Keep this form handy!We’ll have two more attendance validation items for you to write down later in today’s
webinar.
Attendance Validation #1
REMINDER!You can e-mail your questions during today’s
seminar to be passed along to our presenter for response during the Q&A session -
[email protected] your questions to
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Section 2
Pay to Play
Nonresident Income Allocation Issues
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real-Life Case Studies Allocation
Derek Jeter: Days in and out
Lindy Ruff: Duty days for coach
Mario Williams: One day at a time
Phil Mickelson: A taxing schedule
Johnny Manziel: Days in and out
Tom Hanks: On Broadway
Alec Baldwin: Who’s in his wallet?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Pay to Play Nonresident Income Allocation Issues
So-Called “Jock Taxes”
Basic Concepts of Nonresident Taxation
“Sourcing” Rules
Wages = Workdays in State
Special Rules for Signing Bonuses
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Pay to Play Nonresident Income Allocation Issues
CA’s 1991 decision to enforce the “jock tax.”
and “Michael Jordan’s Revenge”
City-Based Jock Taxes
Cleveland, Cincinnati, Detroit, KC
Watch out for Philly
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Two Methods forAllocation
Duty Days
Games Played
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Duty Days
Most Common
Federal Method
FTA Approach
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Games Played
Largely been abandoned
Saturday/Hillenmeyer vs. City of Cleveland (2014)
Hillenmeyer: 5x higher under games played
Saturday: I didn’t even play?
Tennessee’s $2,500/Game Tax
NHL players exempt
NBA players will be in two years
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Duty Days Test
Total Income X Duty Days Spent in StateTotal Duty Days
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Duty Day Defined
All practice days, game days, travel days from pre-season to end of post-season play
Plus off-season practice days, per contractual obligation
MLB AZ & FL Spring Training
Travel days
Only if activity
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
EntertainersNot Safe Either
Al Franken
Doggonit, states like him
Newman gets stung by CA
A “duty-day” type test
Musicians/Comedians
Where show is located
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real Life Case Studies on AllocationDerek Jeter: 230 duty days; how many in taxing states?Lindy Ruff: Still a NY’er? 100% tax in NY < resident creditsMario Williams: 235 estimated duty days, but many in NYPhil Mickelson: Tourney location, but does it matter?Johnny Manziel: See Williams, Mano.Tom Hanks: 100% NY?Alec Baldwin: NY/CA pockets?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Time to record our second attendance check item on your Attendance Validation Form
Keep this form handy!We’ll have one more attendance validation item for you to write down later in today’s
webinar.
duty day
REMINDER!You can e-mail your questions during today’s
seminar to be passed along to our presenter for response during the Q&A session -
[email protected] your questions to
Attendance Validation #2
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Take a Break!Return in 5 Minutes
The program will resume promptly after 5 minutes.
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Taxation of Endorsement IssueState Specific Rules
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Royalties
NY’s Tony Bennett Case
If based on NY services, it’s NY taxable
But is it a “royalty?”
Other States
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Goosen and Garcia IRS Cases
For services
Place of performance
For likeness
Home base
In between clubs?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real-Life Case Studies Endorsements
Derek Jeter: Likeness vs. Services
Lindy Ruff: He wishes!
Mario Williams: Location of services
Phil Mickelson: It’s complicated
Johnny Manziel: Why he won’t move to Cleveland
Tom Hanks: Stupid is . . .
Alec Baldwin: What state is in his wallet?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Section 3
Tax Credits, Withholding,
and Other Stuff
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
What prevents states from imposing double taxation?
The U.S. Constitution
Nothing
Polling Question
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Resident Tax Credits
Sosa vs. Illinois
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
How It Should Work
Full Tax in Resident State
Tax in Nonresident State Based on Sourcing Rules
Resident State Gives Credit
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
How It Really Works
Different Tax Rates
Different Sourcing Rules?
Signing Bonus Example
Royalty Rules
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Real-Life Case StudiesResident Credits
Derek Jeter: N/A
Lindy Ruff: N/A?
Mario Williams: N/A?
Phil Mickelson: Reducing the CA bite
Johnny Manziel: See Williams, Mario
Tom Hanks: a BIG deal
Alec Baldwin: Who fills his wallet?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Employer Withholding Issues
Basic Withholding Rules
Different Rules in Different States
Composite Returns
Responsibility on Team?
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Special CA Rules for Entertainers
Publication 1024
“Nonresident Withholding—Entertainment Guidelines”
7% Withholding Requirement
Exemptions from Withholding
Composite Returns
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Nonresident Personal Income Tax Withholding
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Use of Personal Service Companies
Do they work?
Duty day for entertainers?
Taxpayer
PSC
Team/Promoters Endorsement Companies
Appearances, etc.
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Here is the 3rd and FINAL attendance validation for today’s webinar.
signing bonus
Attendance Validation #3
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Please limit your questions to only topics discussed
during today’s presentation.
You can e-mail your questions to
Question and Answer Session
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
CONCLUSION
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
If you have further questions or if you need additional assistance,
please feel free to contact:
Thank You forAttending Today’s Seminar
Timothy P. NoonanHODGSON RUSS LLP
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Athletes and Entertainers—Multistate Tax Issues
A CCH Seminar
Partnership Debt Shares Pursuant to Section 752
Tuesday, July 1, 2014
Featured Upcoming Program
James R. HamillCPA, Ph.D.