What is "amateur" sports competition? (tax-exempt organizations): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1995. The length of the article is 761 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The IRS should clarify the issue of whether Olympic and other sports organizations qualify for IRC section 501(c)(3) treatment despite the fact that athletes participating in such events are not longer exclusively amateurs. The definition of amateur in the tax code has never been clear, and regulations have not been revised since the Olympics relaxed the standards for athletes. This issue is of relevance to both the organizations and individuals that support these organizations with charitable donations.

Citation Details
Title: What is "amateur" sports competition? (tax-exempt organizations)
Author: Charles T. Crawford
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n7 Page: 407(2)

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