Tax,
Entertainment & Sports
Sep. 17, 2018
Can Serena Williams write off fines?
As with so much else in the tax world, it depends. No one likes fines or penalties, but deducting them on your taxes makes them a little less painful.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Can you write off fines and penalties on your taxes? As with so much else in the tax world, it depends. No one likes fines or penalties, but deducting them on your taxes makes them a little less painful. Controversially, Serena Williams was fined $17,000 at her U.S. Open Tennis Finals. I'll bet she'll write them off.
The fines break down to $10,000 for verbal abuse of chair umpire Carlos Ramos, $4,000 for being warned for coaching, a...
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