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Your advantage starts here.

Tax preparation, planning, and long-term financial strategy for college athletes earning NIL and revenue-sharing income, and for the professionals they become.

Choose the level of support that fits your season.

Tax Time

Tax Preparation for College Athletes

NIL and revenue-sharing taxes, done right.

Filing taxes for the first time with NIL income? We prepare and file federal and state returns for college athletes, report NIL and revenue-sharing income correctly, and explain everything along the way, so athletes and parents know exactly where they stand.

What’s included
  • Preparation and filing of federal and state tax returns
  • Income tracking for NIL, sponsorships, and other earnings
  • Maximize deductions and credits
  • Guidance to avoid penalties and compliance issues
Who it’s for
  • College athletes filing for the first time
  • Parents helping their athlete get it right
Most comprehensive
Year-round

The Athlete Playbook

Year-round tax and financial strategy for athletes.

How much should you set aside for taxes? Should you form an LLC? What should you do with your first big check? The Athlete Playbook answers those questions with year-round tax planning and financial guidance for college and professional athletes.

What’s included
  • Personalized NIL income tracking and reporting
  • Entity structuring (LLCs, S-Corps, etc.)
  • Year-round tax planning to minimize liability
  • Wealth and goal-based financial strategy
  • Education and guidance for every decision
  • Ongoing support and communication
Who it’s for
  • College athletes with significant NIL or revenue-sharing income
  • Athletes making the jump to the pros
  • Parents who want a long-term plan for their athlete

Questions athletes and parents ask us.

Answers to the most common NIL and college athlete tax questions. Every situation is different, so if yours isn’t covered here, reach out.

Do college athletes have to pay taxes on NIL money?

Yes. NIL income is taxable. Most NIL deals pay you as an independent contractor, so no taxes are taken out up front. That can leave you owing tax when you file.

Is revenue-sharing money from my school taxable?

Yes. Revenue-sharing payments count as income. How they’re reported depends on how your school structures the payment, so we review your agreement and tax forms to make sure it’s reported correctly.

Do I need to file a tax return if I earned NIL income?

Usually, yes. If you have $400 or more in net self-employment earnings, you’re generally required to file a federal return, even if your total income is low. Many states have their own filing rules as well.

How much should I set aside for taxes from NIL payments?

It depends on your total income, your state, and your deductions. Because NIL payments usually have no taxes withheld, it’s smart to set aside a portion of every payment. If you expect to owe $1,000 or more, the IRS generally expects quarterly estimated payments during the year, and missing them can lead to penalties.

Can my parents still claim me as a dependent if I earn NIL income?

Often, yes. A full-time student under 24 can usually still be claimed by their parents, but NIL earnings can affect whether the athlete provides more than half of their own support. We look at the whole picture, so the family files the right way.

Should I form an LLC for my NIL income?

It depends. An LLC can make sense once your income reaches a certain level, but it isn’t right for everyone. It also adds cost and paperwork, so the right time depends on how much you earn and how your deals are set up. We help athletes decide if and when it makes sense.