New York Yankees captain Derek Jeter has reportedly settled his tax problems with the State of New York.
Tax investigators probed last year whether he owed back taxes from tax years 2001 to 2003, disputing Jeter's claim that he was a resident of Florida, not New York, at the time. Florida has no income tax.
Jeter has owned a $13 million apartment in New York's Trump World Tower since October 2001, but claims that Tampa has been his legal residence since 1994. Under Jeter's contract with the Yankees, he received $38 million over the three-year period, not counting his signing bonus, according to the Associated Press.
How much Jeter paid to settle the case with New York's Department of Taxation and Finance is unknown. But according to the New York Daily News, Jeter struck a deal about a month ago with the state's Tax Appeals Tribunal.
In November 2007, administrative law judge Timothy Alston ordered tax officials to give Jeter more information about their allegations. Tax officials had claimed that Jeter became "immersed in the New York community" and that he made "public statements regarding his desire to be in New York." The division also referred to items "near and dear" that Jeter had kept in New York.
