Professional athlete & Performing artist

Tax home is an essential concept in the U.S. and state tax laws. It is where you live to most of taxpayers. Mobility may shake this common definition, as are true to professional athletes and performing artists. If you are in one of these professions, you may have multiple tax homes. You may pay taxes to cities and states where you earn income. Deductions can be different from those with one tax home. Choi & Partners help you:

  • Evaluating state tax risks including Income tax, Franchise tax and Gross receipts tax
  • Analyzing income allocation rules unique to leagues and occupations
  • Structuring U.S. entities to maximize business deductions
  • Establishing and severing state residency