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Brian Fitzpatrick: “The IRS treats those items [non-cash compensation] as…”

Featuring: Brian Fitzpatrick, Republican | U.S. House Pennsylvania, 1st Congressional District

Brian Fitzpatrick Criticize NIL Policies 'Create Tax Liabilities Before They Even See Cash In Hand'

Published July 8, 2026 | Video Starts at 01:07

As a result, student athletes can find themselves owing taxes on income that they received in forms other than cash, creating financial obligations that many do not fully anticipate or even understand. Mr. Riola, The IRS treats those items [non-cash compensation] as taxable compensation. and failing to report them is one of the quickest ways obviously to get audited. (01:07–01:13)

CLAIM

Asserts that the IRS considers non-cash compensation as taxable income.

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Brian Fitzpatrick

“Student athletes may receive compensation through a variety of arrangements that can create tax liabilities before they even see cash in…”
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“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.”
Brian Fitzpatrick Criticize NIL Policies 'Create Tax Liabilities Before They Even See Cash In Hand' | Uploaded July 8, 2026 | 00:40-00:49
“Student athletes can find themselves owing taxes on income that they received in forms other than cash.”
Brian Fitzpatrick Criticize NIL Policies 'Create Tax Liabilities Before They Even See Cash In Hand' | Uploaded July 8, 2026 | 00:54-01:01