Sports Officials
Tax Challenges of Sports Officials (Independent Contractors)
Joining the ranks of sports officials offers a challenging yet rewarding experience on the field. Off the field, it can bring in a new set of tax compliance requirements at the federal, state, and local levels for independent contractors. Questions on income reporting, expense deductions, and estimated taxes can overwhelm new officials and at times, deter individuals from becoming officials.
Challenges
New sports officials can face several challenges that impact their tax filings.
- Not properly licensing or registering their activity with local, state, and federal tax jurisdictions.
- Not classifying income correctly.
- Not calculating income correctly on their tax form.
- Incorrectly identifying, calculating, classifying, and documenting expenses as deductions their tax returns.
- Not making estimated tax payments for independent contractor work and receiving a surprise at tax time.
Many new officials are hesitant to contact finance or tax professionals because of the cost associated.
Our Solution: Prep for Tax Day like it's Game Day
Our Education Sessions can help you understand common tax compliance concepts and requirements applicable to sports officials.
We offer several options to meet your needs.
- Information Session Webinar: 60 min overview of requirements and compliance concepts top of mind
- One-on-One Sessions: individual sessions with you to cover requirements and compliance concepts and answer your specific questions.
- Series of one-on-one sessions: For those looking to learn more about their specific situation or cover off on requirements in greater detail.
Contact us to learn more!
Contact Us
Have More Questions? Ready to join an information session?
Please contact us by phone and email to set an appointment.
Owsiak Accounting & Tax Services LLC
Snohomish, Washington, United States
Phone: 360.919.3300 Email: clientservices@owsiakATS.com Virtual: Teams call available by appointment
