This annual update covers recent developments relating to S corporations, including IRS relief for common inadvertent S election lapses; the transfer of clean-energy credits; and other cases, rulings, and regulations.
S CORPORATIONS
July 2025 - The Tax Adviser
exempt organizations
Paid student-athletes: Tax implications for universities and donors
The taxation of Division I college sports may change once universities begin paying athletes directly, which will be permitted under a settlement of antitrust litigation against the NCAA and major collegiate athletic conferences. This article discusses some of the yet-to-be-resolved tax issues for schools and donors.
TAX CLINIC
credits against tax
exempt organizations
partners & partnerships
procedure & administration
TAX ACCOUNTING
COLUMNS
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
