Alyssa R Wan

August 15, 2023 | Daily Business Review

As more donor groups have formed name, image and likeness (NIL) collectives as not for profit entities, the Internal Revenue Service (IRS) recently released guidance that effectively puts the brakes on the ability of these entities to collect tax-deductible donations from supporters. This guidance also raises compliance concerns for NIL collectives and possibly other charities.

By Todd Kesterson and Alyssa R. Wan

7 minute read