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Fix The Tax Code Friday: Breaks For College Sports?

Everybody in the US (and beyond) seems to agree that the Tax Code is broken.  What we can’t seem to agree on is how to fix it.  Here’s your chance to offer your two cents…

This week’s question:

Following up on recent posts about tax breaks for college sports, considering the amount of money available to colleges and universities from corporate sponsorships, ticket sales, merchandising and tuition (generally increasing at a rate faster than inflation), should colleges and universities continue to be regarded as tax-exempt organizations?

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Kelly Phillips Erb
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.

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