Of course they aren’t charities. These are professional athletes now. Yes they

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Apr 19, 2024
7:09:36pm

BlooCoug Intervention Needed

aren’t the highest level of professional sports, but they are professionals nonetheless. Amateurism is dead.

This message has been modified

Originally posted on Apr 19, 2024 at 7:09:36pm

Message modified by BlooCoug on Apr 19, 2024 at 7:15:06pm

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BlooCoug

Previous username: BlooCoog
Bio page: BlooCoug
Joined: Aug 27, 2011
Last login: Jun 6, 2024
Total posts: 28,330 (80 FO)

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Messages

Author

Time

At a conference where IRS director of exempt organizations spoke

Carnac

Apr 19, 2:42pm

Additional

Carnac

Apr 19, 2:52pm

Similar to what BYU is already doing.

LeGrandBleu

Apr 19, 4:19pm

They already released a memo on it last year didn’t they?

molodyets

Apr 19, 2:54pm

Possibly

Carnac

Apr 19, 2:55pm

Hopefully the IRS comes in hard at this and uses a steep graduated tax to the

Mitty

Apr 19, 2:58pm

When you are relying on the IRS to solve your problems

Socrates Johnson

Apr 24, 8:38pm

The real impact of this will be on donors to the collectives. If they're writing

gwalker

Apr 19, 3:05pm

*lose* the ability to write off, not "use."

gwalker

Apr 19, 3:07pm

Good

Plato

Apr 19, 3:38pm

That's the concern I've had from the beginning. One reason we like to donate to BYU is the tax deduction. I can never

Bob Vance

Apr 19, 3:39pm

The way this was supposed to be set up initially that wouldn’t have been

travelcoug

Apr 19, 3:53pm

Or independent contractors.

BackPacker

Apr 19, 4:08pm

RE: At a conference where IRS director of exempt organizations spoke

BackPacker

Apr 19, 4:08pm

That's on the IRS for ever accepting them as a charity.

ochobeeguy

Apr 19, 4:10pm

Trust the government to want their cut of the action.

WaybackCougar

Apr 19, 4:40pm

In this they should. We all would have to pay they should as well

SouthernBlueBlood

Apr 19, 5:26pm

Collectives should pay no tax.

jre85

Apr 19, 5:38pm

Don’t know

SouthernBlueBlood

Apr 19, 5:44pm

Should donors get a deduction when they give

Carnac

Apr 19, 5:51pm

That is the question IRS is looking at. Not if

jre85

Apr 19, 6:39pm

Well, those are the same thing

Carnac

Apr 19, 7:52pm

Fast and loose

Cooouuugs

Apr 19, 6:01pm

Of course they aren’t charities. These are professional athletes now. Yes they

BlooCoug

Apr 19, 7:09pm

Should be easy to fix though. Just have the players do actual NIL work for

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