Huskers NIL Promotions

suh_fan93

suh_fan93

New member
FACT. It’s coming! July 1 is approaching and NIL is here, but let’s keep something in mind — not a ton of players are going to make a lot of money. But quarterbacks? Yes, they can, and as my QB1 for the NFL Draft, Rattler can cash in.
Click to expand...





 





 
Last edited by a moderator:
My guess is that there will be a whole array of tax issues on all this and violations of tax laws for income generated.  Most kids don't think about these sorts of things and the government taking 25-50% of your income.  And, every item hidden is a violation and a potential for IRS issues.

It's all great for them ... but it does have responsibility that goes with it.  There will be growing pains for sure.  It will be interesting what new problems it creates and the learning curve for all sides.

 
BigRedN said:
My guess is that there will be a whole array of tax issues on all this and violations of tax laws for income generated.  Most kids don't think about these sorts of things and the government taking 25-50% of your income.  And, every item hidden is a violation and a potential for IRS issues.

It's all great for them ... but it does have responsibility that goes with it.  There will be growing pains for sure.  It will be interesting what new problems it creates and the learning curve for all sides.
Click to expand...
Next position yo be filled on the athletic department. 
 

Director of Athlete Tax Compliance.  

 
BigRedN said:
My guess is that there will be a whole array of tax issues on all this and violations of tax laws for income generated.  Most kids don't think about these sorts of things and the government taking 25-50% of your income.  And, every item hidden is a violation and a potential for IRS issues.

It's all great for them ... but it does have responsibility that goes with it.  There will be growing pains for sure.  It will be interesting what new problems it creates and the learning curve for all sides.
Click to expand...
I'm sure the school of accounting can help them out with that.  If I was a star athlete I would try to get sponsored by TurboTax

 
Back
Top