'Tis the Season. Whe-ther you're giving or receiving, it is important to understand the new rules on corporate sponsorship, which the Internal Revenue Service expects to finalize soon. The IRS proposal focuses on the nature of the benefits received by a sponsor in return for its payment. Where a corporation makes a "qualified sponsorship payment," that is, a payment for which there is no expectation that the sponsor will receive a substantial benefit, the income received by the sponsored
Register to view the full article
Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.