
NIL Tax Resources
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Athletes must check with their school policies in order to use school trademarked logos, slogans, etc.
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Understand the contracts you are entering, not doing illegal ones or violations of rules
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Do not enter into any deals with prohibited companies/industries
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Every NIL deal must be disclosed to your school
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Make sure your W-9 form is completed accurately
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You will receive a 1099 with your recorded income to complete your taxes if you made over $600 within the calendar year
Compliance Reminders

Frequently Asked Questions
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What tax forms do I need?
You will need to fill out a W-9 form, providing your tax identification number, before completing any NIL deals. This will allow you to receive a 1099 form that will be provided to you at the beginning of each year so you can report your income earned when doing your taxes if the earnings are above $600 within a calendar year.
