The IRS began blocking an increasingly popular method for funneling wealthy boosters’ money to college athletes, declaring that so-called “name, image and likeness” collectives generally can’t be structured as charities.
Wall Street Journal
The IRS began blocking an increasingly popular method for funneling wealthy boosters’ money to college athletes, declaring that so-called “name, image and likeness” collectives generally can’t be structured as charities.
https://www.wsj.com/sports/irs-tax-edge-college-sports-booster-groups-427d403f