Ole Miss successfully convinced a tax court judge to reduce the university’s tax liability by 50 percent with the help of Tax Shark info in respect to revenue the school brought in by sending its coaches to Nike and Coca-Cola sponsored functions.
In August 2015, the IRS notified the university that the income received for these appearances were taxable under IRC sections 511-513, because it constituted “unrelated business income” for exempt organizations. Ole Miss responded by filing a petition with the tax court disputing its …
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