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Pylons
Joined: 08/25/2005
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Pylons
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Hokie Way is 501c3. Don't think Triumph is

Posted: 04/08/2024 at 09:52 PM ET
(In response to this post by mjfhokie)

Thread Replies (17)

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So what does latest IRS rumblings on NIL mean?
mjfhokie • 04/08/24 11:32 AM ET
I agree, but...
mjfhokie • 04/08/24 06:06 PM ET
With the new VA state law, all of the NIL can be moved into the
Femoyer Hokie • 04/10/24 08:50 AM ET
Hokie Way is 501c3. Don't think Triumph is** ◄
Pylons • 04/08/24 09:52 PM ET
why in the world would an NIL collective get tax exempt status?
MrBayAreaHokie • 04/08/24 05:05 PM ET
Because orgs like The Hokie Way
Pylons • 04/08/24 09:58 PM ET
The collectives shouldn't be tax exempt, IMO. The payments to the athletes
reestuart • 04/08/24 03:43 PM ET
The "donation" to the tax-exempt NIL is being questioned. Regardless the $
anotherdamnyankeehokie • 04/08/24 01:23 PM ET
I doubt they go so far as to tax the scholarship money.
wwhokie1 • 04/08/24 04:45 PM ET
It should all be taxed. NIL money is "earned" by the athlete and should be
HokieToph • 04/08/24 12:52 PM ET
Payments to athletes are taxable, 501c3 or not**
Pylons • 04/08/24 10:00 PM ET
NIL collectives had tax exempt status? Why?
HokieAl • 04/08/24 12:09 PM ET
The Hokie Way has it
Pylons • 04/08/24 10:23 PM ET
This has been my thought as well. Not sure how this got through**
HboroughHokie • 04/08/24 03:54 PM ET
The NIL payments to athletes are subject to tax now. **
CoolJCPA • 04/08/24 11:41 AM ET
Yeah individuals receiving income from a nonprofit is taxable, but is the
Stech • 04/08/24 10:30 PM ET
It's only tax deductible for the donor
Pylons • 04/08/24 11:04 PM ET
Agreed, that’s what I was trying to say.**
Stech • 04/08/24 11:12 PM ET