CaliBen Posted May 7, 2010 Share Posted May 7, 2010 If a professional athlete - golfer or baseball player - receives pension benefits from the PGA or from MLB, are those benefits subject to United States income tax? If so, would only a portion of the benefits be taxable - the portion attributable to work performed in the United States? So for example if a MLB player from Japan plays for the Yankees, who travel to Toronto several times a year, is that portion exempt from U.S. taxation? Or a golfer from South Africa who plays tournaments all over the world - does he pay U.S. tax on his pension? Just on the portion attributable to service in the United States, or no U.S. tax at all? Thanks Link to comment Share on other sites More sharing options...
Guest Harry O Posted May 25, 2010 Share Posted May 25, 2010 This is a complicated area. Depends whether there is a tax treaty and the athlete is eligible to claim benefits under the treaty. Depends on the form of payment from the plan. Depends on which years the benefits were earned in the US (the rules around apportioning income have changed over the years). I would think any athlete would be well-advised to pay good money for an experienced tax advisor. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now