MLB's Pitch to IRS: Let Us in on Tax Law's New Break

Wednesday, October 10, 2018

Dennis Cohen, co-chair of the firm’s Tax Practice, discusses Major League Baseball’s opposition to a tax regulation that would deny sports franchises a deduction in The Wall Street Journal. Under the regulation, pass-through businesses that pay their income taxes through their owners' individual returns are entitled to a 20 percent deduction, however “athletics” are excluded from this benefit. There is a possibility that some team owners could receive the break from income streams that aren't directly related to athletics, including stadium rentals and broadcasting of games.

According to Dennis, "There may be instances in which a tweak here or there would do it, but I think for the most part it's likely to involve a fair amount of brain power and shuffling of assets.”

To read the article, click here.


Dennis L. Cohen

Of Counsel

(215) 665-4154


Related Practice Areas

Keep up-to-date with the latest news from Cozen O'Connor

Enter your City or Zip.

Probably shouldn't change this:
Sign up to receive alerts, publications, and event / webinar invites.

By submitting your contact information, you are giving Cozen O'Connor consent to contact you via email.