Student-Athlete NIL Taxes: 5 Essential Tips for Compliance
https://www.youtube.com/shorts/zYjgcHlIZS0 The landscape of college sports changed forever with the introduction of Name, Image, and Likeness (NIL) deals. Student-athletes finally have the opportunity to profit from their hard work and personal brands. However, there is a critical financial reality that many young athletes overlook: the IRS is watching the scoreboard, too. Many student-athletes mistakenly believe NIL money is simply "free money." In this edition of "5 on Fridays," NILTaxLawyer Mark Milton breaks down the hard truth: NIL earnings are taxable income. Failing to plan for Uncle Sam's share can lead to serious financial penalties down the road. Here are the five essential tax...
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