Legal Update: Taxing Bonds' Homerun Ball, Foul Ball Liability

Maureen Cavanaugh (Guest Host): What could be better at baseball game than to get lucky enough to catch a homerun ball? No, how about this: you catch a game-winning homerun ball.... no, no even better... you catch a record-breaking homerun ball. But, not just any record. You catch the homerun ball that smashes the existing career homerun record. Sounds great, right? Well, maybe. There are tax questions about the ball, liability questions about the scramble for the ball, and there can be both tax and legal questions about the ownership of the ball.

Guest

• Dan Eaton, These Days legal analyst