Tax Implications of Student-Athlete NIL Deals and Collectives: Federal and State Tax Issues, Planning, and Reporting
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide tax professionals guidance on the key tax considerations for student-athlete name, image, and likeness (NIL) deals and NIL collectives. The panel will discuss the applicable rules and regulations for NIL deals and entities engaging in these transactions, federal and state tax challenges, reporting requirements, and tax planning for student-athletes. The panel will also discuss the tax implications for NIL collectives in college sports, for both athletes and universities, for-profit entities and those that obtained tax-exempt 501(c)(3) status, and other issues.
Outline
- NIL regulations and policies
- Recent cases
- NCAA interim rules
- State laws and school policies
- NIL collectives
- How are they structured?
- Regulatory framework
- Tax-exempt NIL collectives
- Tax considerations for student-athletes
- Federal tax considerations
- Sponsorship and service income
- Cash awards
- Royalty income
- Impact on financial aid
- State tax implications
- Federal tax considerations
- Best practices for counsel and advisers structuring NIL agreements
Benefits
The panel will discuss these and other key issues:
- Current rules and regulations allowing student-athletes the ability to endorse goods and services
- Types of NIL deals and key tax considerations for student-athletes, universities, and companies
- Best practices for attorneys and advisers structuring student-athlete-involved NIL agreements
- Navigating the federal tax rules, reporting requirements, and available tax planning strategies
- NIL collectives and special rules governing tax-exempt NIL collectives
- Key state tax considerations for student-athletes and companies
Faculty
Joshua M. Frieser, Esq.
Principal Attorney
Frieser Legal Sports Law
Mr. Frieser, Esq. is a sports business lawyer and Principal Attorney at Frieser Legal. His practice is focused on the... | Read More
Mr. Frieser, Esq. is a sports business lawyer and Principal Attorney at Frieser Legal. His practice is focused on the representation of athletes, agents, and sports businesses. While working to solve the unique legal needs that they have, Mr. Frieser represents athletes in eligibility and disciplinary proceedings and NIL licensing agreements, as well as in related intellectual property and business planning matters. In addition to serving as counsel to college and professional athletes, he represents sports agents and sports industry ventures as outside counsel. Mr. Frieser is a leading expert on the regulatory landscape of college athletics, he has been quoted in numerous publications, including the Associated Press, Front Office Sports, and the Wisconsin State Journal. Mr. Frieser's written work has been featured by Sports Law Expert and The NIL Deal. He also regularly speaks on panels and CLE seminars about NIL and the legal implications surrounding college sports.
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Jacob L. Kaplan
Partner
Alston & Bird
Mr. Kaplan is a partner with Alston & Bird’s Federal & International Tax Group and co-leads the... | Read More
Mr. Kaplan is a partner with Alston & Bird’s Federal & International Tax Group and co-leads the firm’s Tax Credit Transactions Team. He focuses his practice in the areas of estate planning, exempt organizations, and New Markets Tax Credit (NMTC) financings. Mr. Kaplan draws on his rich and varied experiences to benefit a diverse group of clients whose needs often overlap across his areas of expertise. He advises individuals, families, and fiduciaries on tax issues, estate planning strategies, philanthropic plans, and estate administration procedures and best practices. Mr. Kaplan counsels organizations on myriad specialized tax, governance, formation, and operational issues. As co-leader of Alston & Bird’s Tax Credit Transactions Team, he also represents hospitals, schools, other organizations, and community development entities in federal NMTC financings that help organizations fund important real estate redevelopment projects and working capital needs. Mr. Kaplan is recognized as “One to Watch” by The Best Lawyers in America® for Trusts & Estates Law and “Up and Coming” by Chambers High Net Worth in Private Wealth Law.
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