Webinar on Demand: Paying Players: NIL, Taxes & The Unknowns Facing Athletes and Schools
About the Webinar
NIL has moved quickly from endorsement income to significant compensation for student-athletes. As payments grow, so do the tax questions facing athletes, families, schools, collectives, and advisors.
In this one-hour session, BT Partner, Peter Stathopoulos, will walk through key federal and state tax considerations, including 1099 income, self-employment tax, estimated payments, multi-state filing obligations, and common planning mistakes.
What You Will Learn
How NIL income is generally reported and taxed
Why 1099 income creates self-employment tax obligations
How multi-state filing issues can arise from games, appearances, and endorsements
What schools and collectives need to understand about payment reporting
How non-cash compensation, including cars, housing, travel, and crypto, may be taxed
What common mistakes can create penalties, interest, or missed planning opportunities