IRS memo: Nonprofit NIL collectives are not tax exempt
In a 12-page memo released from the office of the IRS Chief Counsel on Friday, the revenue service believes donations made to nonprofit NIL collectives are not tax exempt.
NIL Deals for College Players
- Thread starter Kenn Rashad
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NastyD
Da 1 & Only
O shytIRS memo: Nonprofit NIL collectives are not tax exempt
In a 12-page memo released from the office of the IRS Chief Counsel on Friday, the revenue service believes donations made to nonprofit NIL collectives are not tax exempt.www.on3.com
In_The_662
Deeeeep In The Delta.....
Of course the P5 schools would easily be able to keep 8 figures in a nonprofit NIL fund.