NIL and Taxes

8dog

All-American
Feb 23, 2008
15,188
7,477
113

patdog

Heisman
May 28, 2007
60,844
32,193
113
We do have a tax exempt
Insanity anyone thought that would ever fly. The IRS, unlike the ncaa, can always look at something and say “this is form over substance”. Which is what they did here.
Yeah. I think what the IRS is going to find is that some of these entities lied in their 501(c)(3) applications. Could possibly be some penalties for the organizers.
 

dawgstudent

Heisman
Apr 15, 2003
40,595
22,483
113
Insanity anyone thought that would ever fly. The IRS, unlike the ncaa, can always look at something and say “this is form over substance”. Which is what they did here.
How did Ole Miss approach it?
 

patdog

Heisman
May 28, 2007
60,844
32,193
113
Think they all said “we are paying you for your NIL to appear at charitable events”. Like that was ever going to fly.
I think our NIL has, or was working on, a charitable contribution option for us as well.
 
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