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IRS Finalizes Regs Covering Sponsorship

IRS Finalizes Regs Covering Sponsorship

IRS Finalizes Regs Covering Sponsorship

Payments will be considered charitable contributions where there is no arrangement that the sponsor will receive 'any substantial return benefit in exchange for the payment'

The Internal Revenue Service has published final Regulations to determine whether sponsorship payments for charity fund raisers are considered charitable contributions or unrelated, and possibly taxable, income

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