IRS Campaign Against ‘Sports Industry Losses’ Is Bad News For American Soccer

By Christopher Deubert, Senior Writer On January 16, 2024, the IRS announced its “Sports Industry Losses” campaign, which is intended to scrutinize the reported tax losses of pass-through entities operating professional sports teams. The campaign is part of the IRS’ efforts to increase enforcement and collections through its Large Business and International Division, in accordance with provisions of the 2023 Inflation Reduction Act. While the campaign may be good news for the American T