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[QUOTE="Consigliere, post: 5444137, member: 559"]
The taxation aspect seems no different from NIL deals pre-House. Essentially the taxability of direct payments from the school will be treated identically. Working with the SyraCRUZ Tailgate NIL Initiative through SU’s platform all student athletes we worked with were issued a 1099 at the end of the year detailing their NIL income. If they worked with multiple groups, the 1099 aggregated all compensation.

The big difference I see is the line between independent contractor and employee has become very blurry and seems to lean toward the employee side. When I was with IBM we were required to undergo annual education and certification on this topic and made aware of the severe consequences that could arise from treating a contractor as an employee including tax fraud. The IRS has very clear rules on this differentiation.

[URL unfurl="true"]https://www.irs.gov/newsroom/worker-classification-101-employee-or-independent-contractor[/URL]
[/QUOTE]

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