Jeremy Spector’s practice involves tax planning, IRS controversy work, and the structuring of corporate transactions, with particular emphasis on advising professional sports leagues and teams and on representing large taxpayers through the IRS audit, Fast Track, and Appeals processes.
Mr. Spector has been ranked as a leading tax expert in the Legal 500 US for his “superb legal advice and practical business guidance," and by Chambers USA, which has noted his practice’s “dominant presence in the sports industry.”
Representative clients in the sports world include the National Football League, Major League Baseball, the National Basketball Association, the National Hockey League, Major League Soccer, the UFC, Fenway Sports Group, the United States Olympic Committee, and dozens of professional sports clubs.
Mr. Spector's sports-related work encompasses such matters as the purchase and sale of sports franchises, public and private stadium financing, player compensation, the relationship between taxable and tax-exempt entities, franchise and network valuations, and the treatment of sponsorship, licensing, and broadcast agreements.
He has successfully represented clients at the IRS Examination and Appeals levels and in securing rulings from the IRS National Office on all the foregoing issues, as well as on the following topics: changes in accounting methods and periods, capitalization of tangible and intangible assets, deductibility of government fines, treatment of fringe benefits, and allowability of the Section 199 deduction.
He also has significant experience counseling clients in the communications and media space on both transactional and controversy matters, and has advised clients such as Amazon.com, Sotheby’s, and Yahoo! regarding the federal and state taxation of e-commerce and similar multi-jurisdictional transactions.