Posts Tagged: unrelated business income

Big Trouble for College Football?

March 26, 2014 Posted by Jessica Shofler in Congressional ax, IRS, News, Nonprofits, Taxes, Unrelated Business Income

Today the Chicago District of the National Relations Board ruled that football players at Northwestern University are employees and can unionize. The Board found that players’ scholarships are tied directly to their performance on the field, they are working between 20-50 hours per week, and they are generating millions of dollars for the university. This …

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Is Football an Unrelated Business?

February 19, 2014 Posted by Jessica Shofler in IRS, News

It was just about six months ago that the IRS decided that it would start looking into unrelated business income reporting on a large scale. So it is perfect timing that this week the National Labor Relations Board (“NLRB”) is holding hearings to consider whether Northwestern’s football players can unionize. What does unionization have to …

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IRS Targets Nonprofits with Unrelated Business Income

February 29, 2012 Posted by The Law Firm for Non-Profits, P.C. in IRS, News, Taxes

Nonprofits need to be aware that the IRS is targeting organizations with unrelated business income. Concerned about unrelated business activity, the IRS will be watching closely for organizations that report unrelated business income on the Form 990 but then do not file a Form 990-T. Form 990-T is the tax return required from exempt organizations …

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