As a student-athlete earning income through Name, Image, and Likeness (NIL) deals, choosing the right tax professional is vital for your financial success. Asking targeted questions helps ensure your tax expert is qualified, experienced, and aligned with your specific needs. Here are essential questions to ask before hiring a tax professional. Experience and Specialization Qualifications […]
For student-athletes earning income through Name, Image, and Likeness (NIL) deals, understanding IRS Form 1099 is essential. Here’s a clear guide on how NIL income is reported using 1099 forms and what athletes need to know to ensure accuracy and compliance. What is Form 1099? Form 1099 is an IRS tax form used to report […]
For many student-athletes, NIL income is the first opportunity to earn—and invest—real money. Investing can be one of the most powerful ways to build wealth, but it’s also an area where mistakes are easy to make. Just like on the field or court, one wrong move can set you back. Here are some of the […]
When it comes to choosing an NIL agent, experience and promises aren’t enough. What really matters is reputation—how an agent has treated other athletes, families, and brands. In a space as new and fast-moving as NIL, reviews and feedback from real athletes are some of the most powerful tools you have. Here’s why reviews matter […]
When you start earning money from Name, Image, and Likeness (NIL) deals, it’s tempting to put your earnings into whatever sounds exciting—maybe a single stock, a friend’s business idea, or even crypto. But smart investing isn’t about betting everything on one option. It’s about spreading risk. That’s where diversification comes in. Just like in sports, […]
With the recent NCAA rules allowing Name, Image, and Likeness (NIL) earnings, student-athletes face new and exciting financial opportunities. However, managing these earnings involves substantial tax responsibilities. Here’s exactly what your Certified Public Accountant (CPA) needs to know about your NIL deals to help manage your taxes effectively. Sources of Income Clearly outline all sources […]