Featured Entertainment Law Online CLEs
To What Extent Can NIL Collectives and Other 501(c)(3) Organizations Rely on a Favorable Determination Letter from the IRS?
Elizabeth A. Prendergast
Earlier this summer, the IRS published a memorandum, casting serious doubt on whether NIL collectives qualify for tax-exempt status under Section 501(c (3) of the Internal Revenue Code. Beyond the NIL context, and while not directly addressed in the IRS memorandum, the memorandum raises questions regarding whether (and to what extent) an organization described in…
