Tax Implications of Name, Image & Likeness (NIL) for NCAA Student Athletes (Webinar) (NIL-WEB)

1.00 CPE Credit Hours

Name, image and likeness opportunities are creating new tax challenges for college and high school athletes and the professionals who advise them. Navigate the federal, state and local tax implications of NIL arrangements, revenue-sharing payments, endorsements, appearances and other income-generating activities. Examine income reporting requirements, deductible business expenses, estimated tax obligations and entity structure considerations that can affect an athlete’s tax position. Explore multistate filing requirements, income-sourcing issues and "jock tax" considerations, along with unique concerns facing international student-athletes. Gain practical planning strategies to help athletes and their families manage compliance and make informed tax decisions.

Tax professionals, CPAs, accountants and financial advisors who advise college athletes receiving NIL income, revenue-sharing payments, endorsement income, or other athletics-related compensation.

• Identify common federal income tax reporting requirements for NIL income and revenue-sharing payments
• Evaluate deductible expenses, estimated tax obligations and planning opportunities for college athletes
• Recognize entity structure considerations associated with an athlete’s NIL activities
• Determine when NIL income may create multistate filing and income-sourcing obligations
• Recognize tax and reporting considerations that may apply to international student-athletes
  

• Identify common federal income tax reporting requirements for NIL income and revenue-sharing payments
• Evaluate deductible expenses, estimated tax obligations and planning opportunities for college athletes
• Recognize entity structure considerations associated with an athlete’s NIL activities
• Determine when NIL income may create multistate filing and income-sourcing obligations
• Recognize tax and reporting considerations that may apply to international student-athletes

Foundational understanding of federal income taxation

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