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In the Media: Odd Job: Professional Athletes Have Super-Complicated Tax Returns. This Guy Can Help.

  • Writer: Dr. John Karaffa, CPA/PFS, CFP
    Dr. John Karaffa, CPA/PFS, CFP
  • Mar 5
  • 1 min read

Updated: Mar 20

Doing your taxes is frustrating, but doing your taxes when you’re accumulating paystubs in a variety of states, precincts, and countries can make an annoying process downright draconian. Uncle Sam might not ask for anything more than a W-2 from Americans who only work for one company, but pro athletes rarely have that luxury. John Karaffa saw this firsthand when he played professional basketball overseas for 12 seasons. Between federal demands, regional idiosyncrasies, and international inconsistencies, sometimes an athlete’s tax return can be hundreds of pages deep.

This article was originally published by Vox, ProSport Accountants does not claim ownership of the content.

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