2024 Influencer x TurboTax Webinar
Watch this webinar featuring NIL administrators and an Enrolled Agent & TurboTax Expert discussing the tax complexities faced by student-athletes involved in NIL activities. This discussion will address common tax-related questions you receive from your student-athletes and highlight TurboTax’s resources to educate you and simplify the tax filing process.
Tax Tips for NIL Athletes
College athletes with NIL contracts face unique challenges, especially when sports seasons coincide with tax season. In this insightful video, we delve into the critical aspects athletes should consider to avoid future headaches. January to April is a crucial time, and worrying about tax returns shouldn’t add to the pressure. Discover the pros and cons […]
Can I deduct my lunch as an NIL athlete?
Ever wondered about the deductions available to NIL-contracted athletes? We break down the essentials of what’s considered ordinary and necessary for your athletic business – and yes, it’s pretty much like any other business! Learn the ins and outs of deducting expenses related to those crucial lunch meetings. Depending on who you meet and what […]
Analyzing tax deductions
Sometimes, you may owe less tax than you think. After this video, you’ll be able to correctly incorporate tax deductions like the standard deduction and tax credits as options to reduce taxes owed.
Summarizing a 1099 form
A form 1099 may be issued to you, meaning that no tax has been deducted and therefore you may need to pay the taxes. After this video, you’ll be able to prepare for the receipt of a 1099.
Navigating NIL Contracts: Key Legal Considerations with Wasserman’s Alanna Hernandez
Alanna Hernandez, Executive Vice President of Business Affairs & Operations, Team Sports for Wasserman, shares invaluable advice on what student-athletes should consider when approached with an NIL deal from a legal standpoint. Learn about key aspects such as exclusivity, payment guarantees, approval rights, and the importance of understanding contract terms.
Selecting Professional Service Providers or Third-Party Providers
In the NIL space, many service providers or third-parties may want to work with you, including marketing agents, accountants, attorneys, business managers, and web developers. It’s crucial to understand that these individuals will be working for you. Luke Fedham reviews some key points to consider in this video.
Financial Questions to Ask Yourself Before Signing an NIL Deal
Courtney Altemus covers some essential tips for managing NIL compensation as a student-athlete. Understanding the specifics of your payments and having a solid plan in place can make a significant difference in your financial success. By addressing these simple yet crucial details, you can better prepare yourself for the financial aspects of NIL opportunities and […]
Taxes 101 with Courtney Altemus
Courtney Altemus dives into the exciting new opportunities for collegiate athletes to be compensated for their NIL. With these new earnings, it’s crucial to understand the responsibilities that come with managing your finances, particularly when it comes to taxes. This provides a quick guide to help you navigate this process and keep things as simple […]
Budgeting 101 with Rashad Campbell
Rashad Campbell delves into the importance of budgeting for student-athletes navigating their NIL opportunities. Rashad gives you a step-by-step plan for creating your budget, starting with clearly identifying goals to ensure your financial plan aligns with what’s most important to you.