NLRB Ruling Does Not Affect Tax Treatment of Athletic Scholarships, IRS Advises
Author: Katherine E. David.
Source: Volume 14, Number 01, November/December 2014 , pp.16-16(1)
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Abstract:
In recent testimony before a Senate subcommittee, IRS Commissioner Koskinen affirmed the long-standing IRS position that athletic scholarships can be considered “qualified scholarships.” The IRS position is based on a 1977 revenue ruling. But, as the author points out, changes that have occurred over the years in the athletic landscape may prompt the IRS to revisit this issue in the future.Keywords: qualified scholarships
Affiliations:
1: Strasburger & Price, LLP.