Tag Archives for " tax breaks for sports teams "

IRS Targets Sports Teams, Boosts Wealthy Tax Filers Enforcement, Cites Tax Losses

February 15, 2024

Buying and running sports teams come with certain tax breaks (from tax losses).The Internal Revenue Service (IRS) will intensify its scrutiny of the sports industry’s reporting of sports teams' tax losses,

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IRS Targets Sports Teams, Boosts Wealthy Tax Filers Enforcement, Cites Tax Losses

Beating the IRS for 42 Years! (855) 756-1389