Tuesday, February 05, 2008

Derek Jeter Settles Tax Case With New York

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

A state official confirmed the settlement, which was first reported in Tuesday's New York Daily News. The official was not authorized to comment publicly and spoke to The Associated Press on condition of anonymity. Terms were not disclosed.

Jeter's representatives declined to comment. Tom Bergin, spokesman for the state Department of Taxation and Finance, also declined comment, saying it was a privacy issue.

Tax officials contended Jeter should have been taxed as a state resident from 2001-03. Jeter, who has a Manhattan apartment, 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.
It would be interesting to see the terms of the settlement.

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