Now, this NIL thing will start getting ugly.
https://www.irs.gov/pub/lanoa/am-2023-004-508v.pdf
“Not furthering education”…
End of page 11 and 12 bodes well for the IRS.
Now, this NIL thing will start getting ugly.
https://www.irs.gov/pub/lanoa/am-2023-004-508v.pdf
“Not furthering education”…
End of page 11 and 12 bodes well for the IRS.
Wow. However, of branding is in fact everything, could everything a college athlete does be considered as affecting their brand and thus every penny spent could be deducted as a business expense since NIL is their business?
It takes some period of time to apply for anybirs status, ergo if someone starts a collective they would have had to apply to its before hand. Did Kreme allows apply or is about to apply?
At least the NILs here are not part of RCAF since MH won't cut ties.
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