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Apr 19, 2024
2:55
:48
pm
Carnac
Truly Addicted User
Possibly
I am just reporting what they guy is saying.
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Carnac
Previous username
Carnac el Magnifico
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Carnac
Joined
Dec 22, 2007
Last login
May 2, 2024
Total posts
43,564 (428 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
Socrates Johnson
Apr 24, 8:37pm
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