NFL Fines: Tax Deductible?

| Wed Sep. 19, 2007 1:45 PM EDT

Ok, sports fans. Here's a question: Should New England Patriots coach Bill Belichick get to write off his $500,000 fine as a business expense? (In case you hadn't heard, Belichick was recently assessed the biggest fine in NFL history for secretly videotaping the New York Jets' defensive signals.)

After much debate over the deductibility issue, a dozen tax law professors say yes...

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