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Save Time & Money If youve been a sports official for any length of time, you undoubtedly
know the Internal Revenue Service is taking a critical look at the income
tax filings made by sports officials professional and amateur.
For many years some officials have adopted a fairly cavalier attitude
toward the bookkeeping and reporting responsibilities that come with receiving
compensation as an official. Today, that notion is foolhardy at best. For over a decade the National Association of Sports Officials (NASO)
and Referee magazine have been preaching the need for all officials to
keep accurate records of income and expenses and then accurately fill
out and file the appropriate forms with the IRS. Now there is help specifically
for you. This expansive booklet is chock full of authoritative guidance to help
you protect more of your officiating money, while at the same time conforming
your record-keeping activities to IRS-accepted standards. It is an easy
read and a tool that will help you for many years to come. Hal Kaye, an
official for more than 30 years and a Certified Public Accountant, has
done an outstanding job authoring this material. He has knowledge of the
tax laws and he fully understands the ins-and-outs of the officiating
experience. That combination makes his book an important aid to you. As good as this book is, please keep in mind it is not intended to be
a full-blown tax preparation guide. Rather, it is a solid overview of
what is needed to prepare an accurate tax return, supported by documentation.
Everyone has unique situations and I strongly recommend that in such cases
you consult your own tax advisor for guidance. NASO and Referee magazine are pleased to present this guide. We sincerely hope it assists you with the business side of your sports officiating. Sincerely, Barry Mano |