Posts
Choosing An NIL Agent
Choosing an NIL agent isn’t just about who can get you deals, it should be about who can protect your eligibility, your money, and your long‑term opportunities.In today’s NIL world, anyone can call themselves an “agent.” There’s no real barrier to entry, no...
NIL Tax Series: What You Should Be Aware Of – Miscellaneous Tax Issues (Part 10 of 10)
We’ve talked about self‑employment tax, estimated payments, 1099s, deductions, international rules, and the business side of NIL. But before we close out this series, there are a few areas student‑athletes overlook, and they can impact your taxes, your family, and...
NIL Tax Series: What You Should Be Aware Of – International Tax For The International Athlete (Part 9 of 10)
Can’t forget about our international athletes. International athletes need to be more aware of their NIL deals than any other athlete, your NIL income doesn’t just impact your taxes it can impact your immigration status.For F‑1 visa holders, the wrong NIL activity can...
NIL Tax Series: What You Should Be Aware Of – The Business of NIL (Part 8 of 10)
If you’re making consistent money through NIL, you need to see start thinking of yourself as a business. And just like any business, you need to be thinking about tax compliance, documentation, risk, and mitigation.We’ve all seen the long list of athletes and...
NIL Tax Series: What You Should Be Aware Of – Self-Employment Tax (Part 7 of 10)
I know it sucks when you land a big NIL deal but remember you still have to pay federal and state taxes. And self employment tax.The tax nobody talks about, self-employment tax can significantly impact an athlete's tax liability. When you earn NIL income, the IRS...
NIL Tax Series: What You Should Be Aware Of – NIL And Business Deductions (Part 6 of 10)
ATTENTION ATHLETES, the IRS created business deductions to provide tax relief to individuals (and businesses) by allowing them to deduct certain expenses from their taxable income. You’re not dogging the tax man, the IRS wants you to use the deductions.Travel...