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.

 

[Anachnid]

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

Well fan, Carle Davis done teached you well. “Gain from whatever source derived.” Not the code word for word but a golden Carle Davis quote.

 

[urfan1]

Well fan, Carle Davis done teached you well. “Gain from whatever source derived.” Not the code word for word but a golden Carle Davis quote.

Recall it well, he taught by intimidation, learn or else.

He carried a great deal of weight on campus, recall coming to the Robins Center one night and stopped by traffic patrol. Another Officer came over radio, asked Chief if the fan could park in restricted lot without pass, said fan had requested he inquire with Chief. Chief asked who was fan, officer responded Carle Davis, Chief said if Mr. Davis wanted to park in center of Robins Center Court he could. I realized Carle was a true heavyweight.

 

[Anachnid]

You had to be seated when he stood up or he asked you to leave the classroom.

 

[urfan1]

You had to be seated when he stood up or he asked you to leave the classroom.

I recall someone's pen rolling off his desk during lecture, when it hit the floor Carle demanded he leave the room, He also stood at the door, when the bell sounded to begin class he locked the door, late was not accepted. Helped to prepare you for tyrant Judges.

 

[CarolinaSpider]

Judge David Meade White was the same in Business School teaching Business Law.
He kept roll plus if he asked you a question from the class reading assignment and you had
no clue, he made a mark by your name. My father said he had quite a temper in the court room.

 

[urfan1]

Judge David Meade White was the same in Business School teaching Business Law.
He kept roll plus if he asked you a question from the class reading assignment and you had
no clue, he made a mark by your name. My father said he had quite a temper in the court room.

Tried many cases before (and against when not on bench) David Meade, knew be very prepared and tread carefully. Got along well with him, even helped him with an issue or two after he retired.