NIL policy goes into effect Wednesday. Typical of the
Jun 28, 2021, 6:07 PM
people that enact policies (Congress and “puppy dog NCAA”, there are still questions that have been asked and there is yet to be a document published that details what can be done, and what cannot be done.
You have heard all of them, but, the one question I have yet to hear is, “Do The athletes that benefit from this have to pay income taxes on what they earn?” If so, how is that going to be monitored? Cold cash, with no receipts is a hard thing for the IRS to monitor.