Grounded out too Short: Jeter Quickly Ends NY State Tax Controversy

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Derek Jeter settled his case with New York State tax officials, who had alleged that the New York Yankees captain should have paid three years of taxes as a New York state resident.

New York State Tax officials contended Jeter should have been taxed as a state resident from 2001-03. Jeter, who has a Manhattan apartment in Trump World Tower that he purchased for $13 Million Dollars, said he was a Florida resident and didn't owe New York taxes. Florida does not have a state income tax; New York state and city do.

According to an AP report, Jeter was given notice a year ago that he owed New York State tax as a Resident. The buzz is that Jeter paid the full amount of the tax liability. No word on the interest and penalty. Is Albany New York Met country?

 

John M. Hanamirian

 

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This page contains a single entry by Administrator published on February 27, 2008 12:19 PM.

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