The U.S. Treasury Department and Internal Revenue Service last spring came out with final rules on tax treatment of corporate sponsorship payments received by tax-exempt organizations, which includes sponsorship money. The rules say that when a corporation makes a “qualified sponsorship payment” — that is, a payment for which there is no expectation that the sponsor will receive a “substantial return benefit” — the income received by the sponsored organization is not subject to tax as ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only unlock thePrinter-friendly, you'll also gain access to exclusive premium content.

Already registered? here.