By Roger Russell
With the 2018 National Football League season underway, many of John Karaffa’s clients are very hard at work.
Karaffa, the founder and president of ProSport CPA, limits his practice to professional athletes and coaches, and currently numbers among his clients more than 500 athletes in all major professional leagues, with over 200 clients in the NFL and Canadian Football League.
“Professional athletes face unique financial challenges,” he said. “They need to have highly qualified professionals on their team. They have very complicated federal returns, but they also have to file in most of the states and some of the cities that they compete in. The normal professional athlete’s tax return is 150 pages long.”