Sutherland SALT's Andrew Appleby was quoted in the The New York Times and appeared on Bloomberg TV's InBusiness with Margaret Brennan and WABC talk radio on July 12, addressing the poten
Sutherland SALT's Andrew Appleby was quoted in the The New York Times and appeared on Bloomberg TV's InBusiness with Margaret Brennan and WABC talk radio on July 12, addressing the potential tax implications for the fan who caught Derek Jeter's 3,000th hit. In exchange for returning the ball to Jeter, the Yankees gave the fan season tickets and signed merchandise. In the Times article, Andy opined, "There’s different ways the I.R.S. could try to characterize a ball caught by a fan in the stands...But when the Yankees give him all those things, it’s much more clear-cut that he owes taxes on what they give him.” Andy's colleagues, some of whom are Yankees fans, are suspicious that Andy's love of the Boston Red Sox may have colored his thinking...
Read the full article, "Returning Jeter’s Big Hit: No Good Deed Goes Untaxed (Perhaps)," from The New York Times.
Andy has been writing about the tax implications of record-setting baseballs since 2008. He published the award-winning law review article, "Ball Busters: How the IRS Should Tax Record-Setting Baseballs and Other Found Property under the Treasure Trove Regulation," in the Fall 2008 Vermont Law Review.
Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.
Complete the fields below to send your briefcase via email. Separate multiple email addresses with semi-colons(;)