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irs

States Want Tax Reform As Ohtani’s Deal Deferrals Stir Controversy

California legislators heighten their push for new tax rules around deferred compensation.
April 15, 2024
IRS

IRS to Start Auditing Sports Owners

Audit increase comes with the agency’s increased enforcement budget.
February 15, 2024
Resellers who passed $600 in ticket sales on marketplaces such as StubHub and Ticketmaster now need to report their activity to the IRS.

IRS Lowers Threshold to Tax Ticket Resellers for Sports, Concerts

The IRS lowered its ticket sales threshold from $20,000 to $600.
September 25, 2023