Jacobs v. Commissioner[1] is literally the most-interesting sports tax case of the year. The Jacobs’s own the Boston Bruins and, receiving sage tax advice, sought to deduct the full cost of their players’ and associated personnel’s away-game meals and snacks. The Internal Revenue Service (IRS) believed the general rule that meals and entertainment are only […]
Dominos Pizza reported "record sales"--as big as Super Bowl Sunday--during the O.J. Simpson chase.
