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Is “TCUCarterBoys” known for breaking accurate news? I didn’t see anything of substance within the tweet or anyone else saying the same thing. A hunch, a TCU fan is trolling.
NCAA probably wouldn't do anything, but the IRS, that's a whole different ballpark. Once they go through your financials for investigation, they'll get their money and hand shit over to the FBI for charges.
NCAA probably wouldn't do anything, but the IRS, that's a whole different ballpark. Once they go through your financials for investigation, they'll get their money and hand shit over to the FBI for charges.
The only reason I can think of to explain why the IRS would be interested in SMU would be something that endangered its non-profit status. They don't pay tax.
perhaps the IRS believes a significant portion of the donations are actually unrelated business income (i.e., business income unrelated to the purported exempt purpose). This income is taxable.