We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Final IRS Pass-Through Deduction Rules Snub Team Owners

Law360 (January 18, 2019, 3:43 PM EST) -- The Internal Revenue Service rejected pleas from the Major League Baseball commissioner and others to allow sports franchise owners to qualify for a new 20 percent tax deduction for pass-through businesses, under final regulations released Friday.

Major League Baseball, among other groups, had argued that the Internal Revenue Service’s proposed rules on the new tax deduction for pass-through business were too restrictive. (AP) In nearly 250 pages of final rules, the IRS explained that although team owners are not directly performing athletic services, which is a statutorily restricted category for qualifying for the deduction, they nevertheless receive income by performing services...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS