tax-exempt organizations

On the eve of its annual draft, the National Football League (NFL) announced that it is giving up its tax-exempt status, according to Bloomberg News and various other media sources. Unlike most other nonprofit organizations, the tax break was considere

On the Wednesday before Super Bowl XLVIII between the Seattle Seahawks and the Denver Broncos, some in Congress question whether the league that runs the most-watched American sport, which generates as much as $9 billion in revenue each year, is deserving of its nonprofit, tax-exempt status.