IRS – Left Field Lounge

IRS Says Donations Made to Nonprofit NIL Collectives Are Not Tax Exempt

June 10, 2023College Baseball, College Basketball, College Football, NCAA, NIL, Pressed, ReportsIRS, Name Image and Likeness, NIL, Non profit NIL, Ross Dellenger, Sports Illustrated, Tax deductions

In news that could rock the world of name, image and likeness, the Internal Revenue Service suggests that nonprofit NIL collectives offering tax deductions could be breaking the law. Tap…