Because neither they nor their handlers know what the hell they are doing?
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Because neither they nor their handlers know what the hell they are doing?
Thus why Biden wants to hire 87K new IRS agents. He woke up from watching a college game and heard about NIL.*******
LOL, I did not think of this but it is hilarious!! You are right, what kind of IRS problems will they create?
April 16th/
This is going to be a huge mess and reminds me of the 90s credit card fiasco with newly turned young adults who didn't fully comprehend how the world works
Look how many Pro players across all sports are flat broke or worse after making millions in their careers. This does not bode well for many college athletes. Meanwhile, Dodge dealers. jewelers, real estate agents, adult clubs, and various hangers on do quite well.****
Won’t take but one year for the IRS to bust there butt!!!
Those 80k plus new irs agents gonna be getting to work on this very soon. There's gonna be problems for a lot of these kids when the government comes calling to get theirs
Well you can't tax the scholarship that way opens up taxing all scholarships. But the other part of NIL that I don't think the player / families consider (depending if they are still claimed as a dependent or not) is it can directly effect their FASFA grant and aid. That's income that has to be reported to FASFA as well.
Oh I know and it is already a mess. There was an SEC coach come out talking about one of his players coming to him crying because he didn't know all the issues and didn't know what to do to get it squared away. But they are not going to their "Uncle" for help.