Choosing the Right Tax Professional for Your NIL Journey As a student-athlete, your Name, Image, and Likeness (NIL) earnings are more than just extra money — they’re the beginning of your financial future. Managing that income the right way means surrounding yourself with the right professionals. At NILFinancialAdvisorDirectory.com, we connect you with trusted experts […]
Your First Tax Season with NIL Income: What to Expect Navigating your first tax season after signing Name, Image, and Likeness (NIL) deals can feel overwhelming. With new income streams come new responsibilities, and being prepared helps you avoid costly mistakes. Here’s what every student-athlete should know when filing taxes for the first time […]
As a student-athlete earning NIL (Name, Image, and Likeness) income, you may be hearing advice about “investing early” to build long-term wealth. But when you look into investing, the options can feel overwhelming: stocks, index funds, ETFs—what do they all mean, and which one is right for you? This guide breaks down the basics so […]
When you’re a student-athlete earning NIL (Name, Image, and Likeness) income, retirement may feel like it’s light-years away. You’re focused on practices, games, schoolwork, and maybe your next NIL deal—not what life looks like at 60. But here’s the truth: the earlier you start planning for retirement, the easier it becomes to build lasting wealth. […]
As a student-athlete earning income through Name, Image, and Likeness (NIL) deals, choosing the right tax professional is vital for your financial success. Asking targeted questions helps ensure your tax expert is qualified, experienced, and aligned with your specific needs. Here are essential questions to ask before hiring a tax professional. Experience and Specialization Qualifications […]
For student-athletes earning income through Name, Image, and Likeness (NIL) deals, understanding IRS Form 1099 is essential. Here’s a clear guide on how NIL income is reported using 1099 forms and what athletes need to know to ensure accuracy and compliance. What is Form 1099? Form 1099 is an IRS tax form used to report […]