Title IX applies to NIL Payments

[9Legs]

because there are a ton kids on scholarship not getting NIL.

earning $26,666 in NIL would be a tax breakeven on your tax plan. kid gets nothing ... IRS gets $26,666. make that make sense.

are you taxing non-athletic scholarships too?

No NIL money-No tax on the scholarship!!!! As I said the NIL money is contingent on the scholarship.

 

[spiderman]

you're making this too difficult. don't tax scholarships, just like we how we already handle them.
tax NIL as ordinary income, because it is.
it's basic.

NIL isn't just Collaboratives and it's not all big amounts.

 

[SFspidur]

Except for the room and board portions, which are currently taxable.

 

[urfan1]

Except for the room and board portions, which are currently taxable.

If you receive scholarship funds that exceed your qualifying educational expenses, the amount above these necessary costs is subject to taxation. Likewise, if you receive a scholarship that you use to pay for room and board, books or supplies that aren't required, these funds are generally subject to taxation

 

[MrTbone]

When did this turn into a CPA forum?

 

[AnnapSpider]

When did this turn into a CPA forum?

I hope we get some CPA’s and Attorneys to either figure this NIL money or shut it down.
Right now it’s a a mess. Especially, for Mid-majors programs and FCS football.