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Sports › Tax Exemptions

McCarter & English, LLP

Tax Planning for Sports Franchise Owners, and the Rest of Us

McCarter & English, LLP on

Jim Irsay, the longtime owner and CEO of the Indianapolis Colts, died unexpectedly in May 2025. Irsay leaves behind not only a legacy in the NFL but also a sports franchise valued at approximately $4.4 billion. As Irsay’s...more

Patterson Belknap Webb & Tyler LLP

January 2024 Legislative Round Up

Patterson Belknap Webb & Tyler LLP on

Recent bills in the U.S. House of Representatives and Senate demonstrate legislators’ concerns about several issues related to nonprofits, including: (1) admissions practices at institutions of higher education; (2)...more

Nilan Johnson Lewis PA

You Run a Youth Sports Organization. Should You Set Up a 501(c)(3) or An LLC?

Nilan Johnson Lewis PA on

Youth sports organizations are often run by people who are volunteers. Sometimes one volunteer within the group opens a bank account in the name of the sports organization, so fees can be deposited and expenses paid. Many...more

Proskauer - Tax Talks

The Senate Finance Committee’s proposal for tax reform, and how it compares with the bill passed by the House Committee on Ways &...

Proskauer - Tax Talks on

UPDATE: The Senate Finance Committee last night released a revised version of the Chairman’s Mark of the Tax Cuts and Jobs Act. We are reviewing these changes and will release an update soon... On Thursday, November 9, the...more

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