NIL Tax Services for Student Athletes
Watch the short video below to learn how we take care of our NIL clients with business structures, income tracking, tax planning, and financial education. and how to schedule your consultation.
Our NIL tax services are designed for athletes who:
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Earn income through NIL agreements, endorsements, or brand partnerships
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Need help organizing NIL income and tracking business expenses for tax filing
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Have families seeking professional guidance on NIL tax planning
How We Help Student Athletes Manage NIL Income
Our services are designed to help athletes and their families understand the financial side of NIL opportunities. Services may include:
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Federal and state tax preparation for NIL income
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Guidance on estimated tax payments
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NIL tax planning as endorsement income grows
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Assistance tracking deductible expenses related to NIL activity
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Review of endorsement income and reporting requirements
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Multi state tax considerations for athletes competing in multiple states
What Happens in Your NIL Consultation
Student athletes across the country are earning meaningful income through NIL agreements, endorsements, appearances, and brand partnerships. Many athletes receive these payments before they fully understand how NIL income taxes work or how to prepare for them.
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The Winston CPA Group helps student athletes organize NIL income, understand their tax responsibilities, and implement proper NIL tax planning so there are no surprises when it is time to file. Our firm works with athletes and their families to ensure NIL income is handled correctly as opportunities grow.
All new NIL clients begin with a consultation. During this meeting a Certified Public Accountant reviews your NIL income sources, explain your tax responsibilities, and outline the steps needed to properly organize and report your earnings. Parents, guardians, agents, or advisors are welcome to join the consultation.
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​Foundation NIL Consultation: $750
Strategic NIL Consultation: $1,500​
We look forward to learning more about your tax situation and supporting you through the tax filing process.
Common Questions about Working With Our Firm
What happens after I schedule my consultation?
After you schedule your NIL consultation, you'll receive a confirmation email along with a short intake form. This form collects information about your NIL income sources, how you're being paid, and relevant tax information about your NIL agreements.
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During the consultation, our Certified Public Accountant will discuss your NIL income activity, how income and other taxes apply to your situation, and how to structure your brand to run as a business. You're welcome to invite parents/guardians or agents to the consultation.
Do NIL athletes have to pay taxes on NIL income?
Yes. NIL income is generally considered taxable income and may be reported on Form 1099. Athletes may owe federal and state taxes depending on their income and location.
How are NIL deals taxed?
Income from NIL agreements such as endorsements, appearances, and brand partnerships is typically treated as self employment income. This means athletes may need to report the income and make estimated tax payments throughout the year.
Do you only work with athletes in Georgia?
The Winston CPA Group is based in Atlanta, Georgia and serves student athletes nationwide. Most meetings are conducted virtually through secure video conferencing, allowing us to work with athletes and families across the United States.
What if I have not filed taxes on my NIL income yet?
Our team regularly assists athletes who need to file prior year returns or bring their tax situation into compliance.
Can parents or agents join the consultation?
Yes. Many NIL engagements involve parents, agents, or financial advisors participating in the consultation.