The city of New York is after Yankees’ shortstop Derek Jeter’s money, citing that he possibly owes over a million in unpaid taxes. Jeter has homes in both Florida and New York, but apparently only pays taxes in the sunshine state.
Lawyer Robert Brown, who is co-chair of Multistate Tax Issues for the New York State Bar Association Tax Section Executive Committee, noted that the process of establishing residency is quite complex, and the state’s court action is just the preliminary stage of a case that could take years.
He suspects Jeter’s purchase of his $13 million Upper East Side Trump World Plaza apartment in 2001 may have set off some audit alarms.
That same year, Jeter signed a 10-year, $189 million contract with the Yanks.
“My suspicion is if you have a person who’s a multimillion-dollar entertainer, and all of a sudden you see that the most expensive house he has is a house in New York, you might reasonably ask about his [residency],” Brown told The Post.
Boy between Jeter possibly owning the state of New York millions, Barry Bonds being indicted and Alex Rodriguez re-upping with the Yankees, it’s been an eventual 24 hours in baseball. What’s next, Texas Rangers GM Tom Hicks demanding an apology from Kenny Rogers (for his incident with a cameraman a few years back) before offering him a free agent contract?
