"Enjoy the personal touch and results. My foundation and personal tax returns are well taken care of."
-Nate Burleson
Wide Receiver/Return Spec.
Seattle Seahawks
Q - What sets ProSportsTax apart from other CPAs?
A - First and foremost, the personal contact we provide is a welcome change
for most professional athletes. When you contact us you will speak to
a live person and not play a game of phone tag through secretaries and
voice mail. We pride ourselves in the personal relationship we develop
with our clients.
Q - Why else should I consider ProSportsTax?
A - ProSportsTax works with your agent and financial advisor to create
a financial team intent on maximizing your after-tax income. You deserve
to keep more of what you've worked so hard to achieve and we will do
our best to help you do just that. In the event you require services
outside of our abilities, ProSportsTax can immediately put you in touch
with leading agents, financial advisors, and a number of ancillary specialists.
Q - What are the fees for a ProSportsTax-prepared tax return?
A - Our rates vary, depending on the type of return being prepared and
the number of state and local returns required to be filed. We do our
best to keep our costs reasonable and most clients find us to be very
competitive in terms of fees.
Q - If I have questions throughout the year will I be billed for
short phone calls?
A - No. ProSportsTax does not charge for miscellaneous phone calls throughout
the year. We find that educating our clients allows us to help you help
us do a better job of tax planning. Obviously if a project comes up that
requires substantial time on our part we will charge for that time.
Q - What about providing tax return copies to my lenders and
financial advisors?
A - We will, with your approval, provide copies of your tax returns to
individuals and entities which require such information. As part of your
basic fee we do not individually charge for this service. Please note that
your financial information is always kept confidential. ProSportsTax will
not release such information without your authorization.
Q - What about audits?
A - If you are audited, ProSportsTax will stand by you to make the whole
process as painless as possible.
Q - Does ProSportsTax only specialize in football?
A - Absolutely not. ProSportsTax has experience not only with football,
but also with athletes involved in professional baseball, Olympic track
and field, and professional golf. We also provide service to a number
of coaches at all levels of sport.
Q - Is every professional athlete an employee?
A - No, there are exceptions such as golf. These athletes are treated as
self-employed taxpayers and ProSportsTax works with such individuals
proactively to minimize taxes. Additionally, endorsement and appearance
income is considered to be self-employment income. The overriding majority
of professional athletes, however, are treated as employees. This means
that athletes in football, baseball, basketball, hockey and various other
sports are all viewed by the IRS as belonging to the same basic occupation
and therefore all file very similar tax returns.
Q - Can I incorporate to save on income and employment taxes?
A - For a number of reasons it is possible to incorporate for self-employment
and endorsement type income, however this is not always the best way
to proceed. For earnings received in wages it is simply not possible
to incorporate. There is a long list of court cases in favor of the IRS
disallowing such arrangements.
Q - What about life after my professional career is over?
A - ProSportsTax is affiliated with Sink, Gordon & Associates, LLP. SGA
is a large, local firm which specializes in businesses of all types, sizes
and structures. Whatever direction you choose to go after sports, ProSportsTax
and SGG can provide you with the accounting and tax services you may require.
Q - What do I do now?
A - Give us a call or send
us an e-mail -- we never charge for an initial consultation and welcome
the opportunity to visit with you about your particular situation.