Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
May 2007

Word Count:



Sponsoring Sports Teams

I operate my business as a proprietorship and I sponsor a local baseball team. I buy the uniforms (our firm name appears), bats, balls, and masks, and I even contribute to the fund that pays for the umpires. I get good publicity with this. In fact, the games are reported in the local newspaper. May I deduct the sponsorship costs as advertising? (G.A., Santa Clarita, CA)



Yes. Revenue ruling 70-393 states that the monies spent to ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development