NIL and IRS SI Article

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Says donations to collectives are not tax-deductible … are we to believe big power 5 program boosters are concerned about their donations’ being tax-deductible? Most would sell their mothers for a winning program …

IRS says nonprofit NIL collectives giving tax deductions could be illegal - Sports Illustrated

The Office of the IRS Chief Counsel released a memo Friday saying donations made to nonprofit NIL collectives “are not tax exempt”.

www.si.com

 

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