Sammy Sosa was never really a detail guy. He hit home runs. Other details - knowing which bat was corked, hitting the cutoff man, running until you know the ball has left the stadium, the number of outs at any given time - weren't Sammy's strength.
So it's easy to see how a mere $22,000 legal bill could elude Sammy. A trifle. Put it in perspective: a $22,000 legal bill to Sammy's $16 million salary is like a $68.75 premium cable bill to a fan earning $50,000.
But Sammy's former attorneys didn't seem to appreciate that perspective. They sued Sammy earlier this month for $22,000 in unpaid fees for tax controversy services. The parties settled last week; the TaxProf has what details are available.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to