NFL Ends Tax-Exempt Status
In a September 2014 article we posted, there was a spike in interest for the NFL's tax-exempt status. Since then, the NFL has announced that it will indeed end its tax-exempt status.
Goodell addressed the team owners in a letter underlining the misunderstanding about the tax status of the $10 billion-a-year organization.
Is the NFL Tax Exempt?
“The effects of the tax-exempt status of the league office have been mischaracterized repeatedly in recent years...the fact is that the business of the NFL has never been tax-exempt".
The size of the NFL’s tax bill is unclear, but Congress’s Joint Committee on Taxation pegged the amount at $109 million over the next 10 years.
For more information on this article, please click here.
Explore Our Solutions
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
Browse All Solutions