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Taxation & Estate Planning

: TaxProf Blog

Can Pro Athletes Deduct League Fines, Training Expenses?

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Forbes, Lamar Odom Seeks Tax Deduction For NBA Fines and Fitness Fees, by William P. Barrett: Los Angeles Lakers basketball forward Lamar Odom has sued the IRS, which said he couldn?t take tax deductions for $12,000 in sports fines and another $178,000 spent getting himself in shape. ... Odom disputed...

Full post as published by TaxProf Blog on November 10, 2010 (boomark / email).

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