Getting paid NIL income the wrong way could cost you thousands in taxes you did not have to pay. Before you sign your next deal, find out whether your NIL money should go directly to you or through an LLC, and when an S-Corp election could change everything.
NIL money is taxable from the first dollar and most college athletes find out at tax time. Learn how to handle quarterly payments, deduct legitimate expenses, form an LLC or S-Corp, and build a tax strategy that protects every dollar you earn from brand deals, appearances, and sponsorships.
