Perhaps more so than any other taxpayer, the professional athlete has been unfairly penalized by exclusions in the TCJA. With tax deductions eliminated, what are they to do?
Many athletes simply don’t have the experience in managing large sums of money or understanding the ramifications of the high-dollar assets they are purchasing. A qualified accountant can help the athlete establish positive savings and budgeting behaviors from the start. In fact, the best time for the athlete and accountant to meet is before the athlete signs their contract and receives a signing bonus.
We are pleased to announce that the Daszkal Bolton team has joined CohnReznick, effective March 1.
