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You are probably correct but I have 1099 contractors that I use and I tell them up front that I am still deducting taxes because if they disappear onto the wind the IRS can come after my Business for the unpaid taxes. It can still be structured that way to avoid a big tax bill at the end of the...

I can only hope that universities are connecting the players and families to accountants who are immediately deducting 33% from the NIL earnings before the money hits the player’s bank account. Anything else and we will have lots and lots of young people owing the IRS money, and with penalties...

We’ve all been saying it. These aren’t donations to schools when they are then directed to athletes who can use the money for any purpose they choose. Maybe this is what the SEC meant by money laundering, that people were using NIL for “educational donations”. Either way, the ruling makes sense.

This deserves its own thread IMO. It buried too deep in here.

Yep. And your point is correct that this will be stuck in the courts for years because it will ultimately be appealed to the Supreme Court by the losing side. I heard an attorney make a great point yesterday about how stupid the NCAA lawyers are. Which we should always remember. Had the NCAA...

yes and no. The Supreme Court decided that people have a right to profit off NIL. Any effort to limit that at the state or federal level will be challenged in court as unconstitutional. I hope these lawmakers don’t take the bait on this because the Supreme Court will make them look bad once...