SMU - Double Death Penalty? (1 Viewer)

[lee_carvallo_12]

BTW, how is anything illegal in NCAA sports anymore? I thought you could do whatever you want and just call it NIL?

 

[BorWhiskey]

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.

 

[Juro]

BTW, how is anything illegal in NCAA sports anymore? I thought you could do whatever you want and just call it NIL?

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.

 

[Baron Winnebago]

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.

SMU reports massive tax deductible donations from big boosters that never happened to paper some shady shit?

 

[lee_carvallo_12]

 

[Havoc34]

 

[Carm]

SMU reports massive tax deductible donations from big boosters that never happened to paper some shady shit?

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.

 

[Carm]

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.

 

[LoudHogRider]

If I'd have been a smarter Dad, I'd have sent my son to SMU to snag a Pony bride. Beautiful, wealthy young women need love, too.

 

[Juro]

If I'd have been a smarter Dad, I'd have sent my son to SMU to snag a Pony bride. Beautiful, wealthy young women need love, too.

College of Charleston, in Charleston, SC. Rich girl central.

 

[BradWesley]

Should also be punished for having Craig James as an Alum

 

[Jim14510]

SMU reports massive tax deductible donations from big boosters that never happened to paper some shady shit?

That would be my guess. Maybe some NIL money that the AD recognized and gave donation letters to donors.