Rolle Being Taxed??

[Shane]

http://blog.azcardinals.com/2010/01/26/rolle-feeling-taxed/

How in the world to players/anyone especially SMART ones like Rolle get themselves into this position? Do they really think they don't need to pay Uncle Sam?

 

[Russ Smith]

http://blog.azcardinals.com/2010/01/26/rolle-feeling-taxed/

How in the world to players/anyone especially SMART ones like Rolle get themselves into this position? Do they really think they don't need to pay Uncle Sam?

I'm guessing it has to do with his contract structure and how the IRS sees it. I remember one of the 49ers players a couple of years ago had the same thing I forget the exact problem but it had to do with how his contract was structured the IRS was saying a much higher portion of the total contract was taxable immediately and the player's agent was saying the IRS was incorrect.

I think it had something to do with guaranteed money vs performance bonuses or something but don't quote me.

 

[football karma]

hmmm-- sounds like Antrell got some truly awful tax advice.

and frankly -- the tax advice was not only cheating, but it was executed in about as clumsy a fashion as you could.

 

[LVG]

http://blog.azcardinals.com/2010/01/26/rolle-feeling-taxed/

How in the world to players/anyone especially SMART ones like Rolle get themselves into this position? Do they really think they don't need to pay Uncle Sam?

Ugh. You think your taxes are bad, try being an NFL player. Not only do they have to pay fed tax, they also have to pay state tax based upon where the game is played.

For your average Cards player, that means you would be looking at the following states and hiring tax experts in those states:

1. PA
2. CO
3 - No income tax in FL
4 - No income tax in WA
5. NY
6. IL
7. MO
8 - Dividend & Interest Only tax in TN
9. CA
10. MI
11. LA
12. AZ

Not to drag this into the realm of P&R - but the bloody tax code is so complex that Rolle should be depending upon a tax expert (CPA or Tax Attorney) to make all of the decisions for him - and this may be a case where the opinion of his expert and the IRS differ.

And that doesn't mean the IRS is right.

 

[gamebird98]

OUCH!!!!!!!!!!!!! New York Tax!

 

[Shane]

Ugh. You think your taxes are bad, try being an NFL player. Not only do they have to pay fed tax, they also have to pay state tax based upon where the game is played.

For your average Cards player, that means you would be looking at the following states and hiring tax experts in those states:

1. PA
2. CO
3 - No income tax in FL
4 - No income tax in WA
5. NY
6. IL
7. MO
8 - Dividend & Interest Only tax in TN
9. CA
10. MI
11. LA
12. AZ

Not to drag this into the realm of P&R - but the bloody tax code is so complex that Rolle should be depending upon a tax expert (CPA or Tax Attorney) to make all of the decisions for him - and this may be a case where the opinion of his expert and the IRS differ.

And that doesn't mean the IRS is right.

First off I'm not sure I buy the whole "they have to pay state taxes in each individual state they play a game in" Do you have anything that absolutely confirms that is the case? They are employed in AZ and payed by the AZ Cardinals they live in AZ etc.. Don't see how other states hit them up for state taxes when they aren't even a resident there or payed by a company/corporation that is based there. Also this isnt an issue with the state/states it's the IRS for the USA that is going after him the way it is written.

Secondly I don't hear of a whole rash of other players NFL/NBA/MLB having any issues with the IRS and paying their taxes. So it obviously can't be to hard to figure out if you are paying someone who is competent.

 

[Oly]

Ugh. You think your taxes are bad, try being an NFL player. Not only do they have to pay fed tax, they also have to pay state tax based upon where the game is played.

For your average Cards player, that means you would be looking at the following states and hiring tax experts in those states:

1. PA
2. CO
3 - No income tax in FL
4 - No income tax in WA
5. NY
6. IL
7. MO
8 - Dividend & Interest Only tax in TN
9. CA
10. MI
11. LA
12. AZ

Not to drag this into the realm of P&R - but the bloody tax code is so complex that Rolle should be depending upon a tax expert (CPA or Tax Attorney) to make all of the decisions for him - and this may be a case where the opinion of his expert and the IRS differ.

And that doesn't mean the IRS is right.

That can't be right can it? Your saying they have to pay tax in ever state they play a game in? Do traveling salesmen have to pay tax in every state they close a deal in? I don't have a clue I just can't see that as being accurate is it?

 

[stewdog1]

Ugh. You think your taxes are bad, try being an NFL player. Not only do they have to pay fed tax, they also have to pay state tax based upon where the game is played.

For your average Cards player, that means you would be looking at the following states and hiring tax experts in those states:

1. PA
2. CO
3 - No income tax in FL
4 - No income tax in WA
5. NY
6. IL
7. MO
8 - Dividend & Interest Only tax in TN
9. CA
10. MI
11. LA
12. AZ

Not to drag this into the realm of P&R - but the bloody tax code is so complex that Rolle should be depending upon a tax expert (CPA or Tax Attorney) to make all of the decisions for him - and this may be a case where the opinion of his expert and the IRS differ.

And that doesn't mean the IRS is right.

I believe you are wrong about that. He is employed by the Cardinals in Arizona. A game in a different state is no different than business travel.

California for example requires you to pay income tax if you work there for more than 30 days in a row. (the facts are a bit hazy but you get the point)

 

[LoyaltyisaCurse]

That can't be right can it? Your saying the have to pay tax in ever state they play a game in? Do traveling salesmen have to pay tax in every state they close a deal in? I don't have a clue I just can't see that as being accurate is it?

NO,he is correct and it is dubbed, "The Jock Tax"

http://www.huffingtonpost.com/2009/04/13/jock-tax-pro-athletes-mus_n_186298.html

http://en.wikipedia.org/wiki/Jock_tax

 

[Catfish]

Hmmmmm. I get the feeling that we will soon find out that Antrel was getting advice on taxes from one of his buddies from the U. I know that this is making a big jump to get to that conclusion, but I can't imagine any reliable source getting him into this position. Hopefully this turns out to be one of those situations where the IRS got it wrong, based on when he actually received the payments.

 

[RonF]

I had a friend many years ago who thought it was unamerican to pay taxes so failed to do so for many years. The day finally came when the IRS caught up to him and fined him all kinds of penalties and such.

I no longer remember how much of his salary was attached, but at the time was astounded how much he had to pay. I said, "Do you mean you have to pay that amount every week until you die?" He responded, "No, they will increase my payments every time I receive a pay increase." The guy had a printing press where he would do printing on the side. He eventually quit working for a salary and since his payments to the IRS were based on his income, increased his number of printing machines in order to make a living. I believe the war he fights still goes on.

 

[motino]

The Jock Tax is well known to anybody that has even a remote knowledge of the professional sports world. Really amazed at the so-called experts that jump on somebody right away without doing their own research. That's one of the definitions of ignorance.

 

[stewdog1]

The Jock Tax is well known to anybody that has even a remote knowledge of the professional sports world. Really amazed at the so-called experts that jump on somebody right away without doing their own research. That's one of the definitions of ignorance.

Is there an expert in here or any self-professed experts?

But thanks for your pretentious remarks.

 

[DeAnna]

You'd be surprised how many of them have had liens on their properties due to civil judgments, unpaid taxes, IRS, mechanics liens, etc.

Almost like no one is watching out for their money.

 

[clif]

Who doesn't lie on their taxes?

 

[cardpa]

Who doesn't lie on their taxes?

I have never laid down on my tax returns. I always hold them in my hands

 

[joeshmo]

I'm guessing it has to do with his contract structure and how the IRS sees it. I remember one of the 49ers players a couple of years ago had the same thing I forget the exact problem but it had to do with how his contract was structured the IRS was saying a much higher portion of the total contract was taxable immediately and the player's agent was saying the IRS was incorrect.

I think it had something to do with guaranteed money vs performance bonuses or something but don't quote me.

Doesn't have to do with any of that according to Somers blog.

"Rolle was audited and the IRS disallowed substantial charitable and business expenses."

Add in interest and penalties and it starts to add up.

 

[ajcardfan]

If you read the linked story at Forbes, and then follow the links in that story, you'll see it has nothing to do with state taxes or understanding the tax code. The IRS disputes some very large deductions to charity and business that Rolle claimed to have made, in cash, to two churches in Los Angeles and a business he claims to have run. No one can find the churches and the address he gave for his business doesn't exist.

It seems that Rolle is not even contesting the validity of the facts as the IRS gave them to deny the deductions. He is arguing the way they pursued the audit was not reasonable.

 

[CtCardinals78]

OUCH!!!!!!!!!!!!! New York Tax!

Good thing Hartford doesn't have a team!

This sounds bad though, I hope he is able to get this taken care of. The Cards have really done a great job staying "problem free".

 

[LVG]

NO,he is correct and it is dubbed, "The Jock Tax"

http://www.huffingtonpost.com/2009/04/13/jock-tax-pro-athletes-mus_n_186298.html

http://en.wikipedia.org/wiki/Jock_tax

Thanks. Two more articles:

http://www.indy.com/posts/athletes-take-hits-in-taxes-after-game

http://www.nationalfootballpost.com/a-taxing-day-for-nfl-players.html

Though, back to OP - it sounds like Rolle was getting a little creative with his contributions.

 

[Brian in Mesa]

I hear that Rolle's address on his driver's license is 1060 West Addison (in Chicago).

:bluesbrothers:

 

[Derm]

It's unfortunate but audits happen all of the time - to those in all income levels. As a tax accountant I've been through a number of them with a majority in favor of the taxpayer. As a side note, professional athletes must file and pay tax on the their income where they have play throughout the year. I have some NFL players as clients and their returns are quite lengthy. They do get some credit for taxes paid in other states on the return of their home state (or at least a portion).

Jock tax? Not so much.... They just tend to be in a higher tax bracket which has it's own set of negative issues.

 

[BigRedRage]

The Jock Tax is well known to anybody that has even a remote knowledge of the professional sports world. Really amazed at the so-called experts that jump on somebody right away without doing their own research. That's one of the definitions of ignorance.

Im sure you read the whole thread and then pretended to know what it was.

 

[ajcardfan]

I can't make any sense out of why Rolle is suing the government. The only thing I can think of is perhaps his lawyer hopes for a settlement from the IRS for a lower amount.

Anyone?

 

[ARZCardinals]

Duh....hire a tax EXPERT!!! The NFL has to have a list of tax experts the players can choose from...if not they need to.