As NIL marketplace has grown in size and sophistication, student athletes are increasingly confronting the financial and tax issues that would challenge even the most seasoned tax professional. Unlike a traditional employee receiving a W2 paycheck, Student athletes may receive compensation through a variety of arrangements that can create tax liabilities before they even see cash in hand. A good portion of NIL so called payments are not cash at all. They're not checks, they're not deposited deposits, they are assets. (00:31–00:40)
CLAIM
Asserts that student athletes face tax liabilities from non-cash compensation arrangements.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
