Jock tax navigation, image-rights licensing entities, and retirement planning calibrated for careers that compress a lifetime of income into a few years.
An athlete earns a career of income in a few seasons, in a dozen states, with an agent, a business manager and a preparer who each see one piece. Duty-day allocation decides how much of a contract each state taxes. Endorsement and image income arrives as self-employment income unless something is done about it. And the years after the league are funded by whatever was kept.
The plan has three parts. Residency and duty days, documented so the state returns are defensible. An entity for endorsement, licensing and appearance income, with a retirement plan attached that a salary alone cannot open. And an accumulation strategy, usually rental real estate with cost segregation, that turns high-bracket income into assets that produce income when the contract ends.
Jose teaches these principles through the PAC community and works with the athlete’s existing team so the plan is implemented, not just presented.
What we typically see: Residency never established. State returns filed from the team's schedule without a duty-day log. Endorsement income taxed as wages plus self-employment tax. Nothing owned that pays when the playing stops.
Each one is modeled against your numbers and written into the blueprint with the documentation it needs.
Every state wanted a piece of the contract and nobody could show which piece. The duty-day log ended the argument.
The name for the income tax each state and some cities charge on the portion of a contract earned within their borders, usually allocated by duty days. Rookies routinely file in a dozen or more states.
Only if the facts support it: where you live in the off-season, where your home, family and records are, and how many days you spend there. A domicile that exists only on paper does not survive an audit.
In most cases yes. It separates the business income from the contract, allows a retirement plan the salary cannot open, and organizes the deductions. The salary level and the state of formation matter.
Yes. The plan is built with them and implemented through the accounts they already run, so nothing depends on one person.
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