Master IRS compliance with this update by John Crigler, attorney for Garvey, Schubert, Barer.
More often that not, the governing body most closely associated with public media sponsorship is the Federal Communications Commission (FCC). That said, following new regulations regarding the tax treatment of corporate sponsorship payments received by tax-exempt organizations put in place as of 2002, there are a few areas which relate to the Internal Revenue Service (IRS). The following FAQ highlights those IRS regulations that have the most relevance for public media sponsorship. Use this in…
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