NASCAR Heating Up Media Rights Deals
NASCAR recently inked groundbreaking seven-year media rights deals with four major partners, ensuring comprehensive coverage of the NASCAR Cup Series from 2025 to 2031. The quartet includes FOX Sports, NBC Sports, Prime Video by Amazon, and TNT Sports, a branch of...
read more
The NFL Is Considering New Ownership Rules. What Do These New Policies Entail?
The NFL has always stood out for its steadfast adherence to stringent ownership rules. However, recent developments suggest winds of change are blowing through the league's boardrooms, potentially opening the door to a new era of diversity and opportunity. It all...
read more
Estate Tax Sunset Provision Is Upon Us
The Tax Cuts and Jobs Act (TCJA) significantly increased the lifetime estate and gift tax exemption, nearly doubling it from where it stood previously in 2017. As of this year, the exemption is at around $13.61 million per individual and $27.22 million for married...
read more
The IRS Embraces Artificial Intelligence for Precision and Proficiency
Beyond its conventional role as the tax collector, the IRS is harnessing the power of artificial intelligence to revolutionize its audit processes. This shift marks a pivotal moment, one where cutting-edge technology intersects with the nuanced world of tax...
read more
New York Considers Ban on Non-Compete Agreements
In a significant move towards protecting worker mobility, the New York State Legislature approved a bill that would render nearly all new non-competition agreements for workers void. New York Governor Kathy Hochul was deliberating whether to sign or veto the...
read more
IRS Announces Sports Industry Losses Campaign
On January 16, the IRS announced a campaign to “identify partnerships within the sports industry that report significant tax losses and determine if the income and deductions driving the losses are reported in compliance with the applicable sections of the Internal...
read moreFTX
Appraisal Economics has valued bankruptcy claims on the assets of FTX Trading Ltd. FTX was a large cryptocurrency exchange and trading platform that abruptly collapsed and filed for bankruptcy and whose CEO, Sam Bankman-Fried, was found guilty of fraud and money...
read more
The 2023 Writers’ Strike: A Turning Point for Hollywood Creatives
The entertainment industry faced an unexpected plot twist this year, with the Writers Guild of America (WGA) making headlines. In April, a resounding 97.85% of WGA members cast their vote in favor of a potential strike against the Alliance of Motion Picture and...
read more
The Downfall of Sam Bankman-Fried and Its Ripple Effect on Cryptocurrency
Once valued at $32 billion, the seismic collapse of FTX into Chapter 11 bankruptcy protection stands as a stark reminder of the volatility inherent in the cryptocurrency domain. Except, unlike the routine volatility that occurs outside our control, this situation grew...
read more
Planet Fitness Stock Shakes as They Drive Out Their CEO
The rise and fall of a company's stock can be as dramatic as a rollercoaster ride. Recent market turbulence at Planet Fitness, a popular gym chain, has grabbed the attention of investors and fitness enthusiasts alike. The sudden stock dip following the termination of...
read more