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Автор: Adeptus Advisors Group
Загружено: 2024-10-08
Просмотров: 1
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In Name, Image, and Likeness (NIL) deals, the money athletes receive is not all theirs to keep. 🏈🏀⚾
As James Walker, Director of Sports and Entertainment at Adeptus, highlights, every NIL deal typically comes as 1099 income, meaning no taxes are withheld at the time of payment. This places the responsibility on athletes to manage their tax obligations independently, which can often lead to unexpected financial challenges.
To prepare for this, it’s crucial to utilize available resources to understand tax brackets and estimate potential tax liabilities based on income.
Stay informed and prepared as you navigate the complexities of NIL deals! 💪💰
#adeptus #NIL #taxplanning #athletefinance #sportsmanagement
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