NILTaxCPA
Comprehensive NIL Tax Services
From tax planning to IRS representation—specialized services designed specifically for college athletes earning NIL income
NIL Tax Planning & Preparation
Strategic tax planning is essential for maximizing what you keep from your NIL earnings. We develop customized tax strategies that minimize your burden while ensuring full compliance.
- Comprehensive tax return preparation including all NIL income sources
- Schedule C filing for self-employment income
- Self-employment tax calculation and optimization
- Proactive tax planning to reduce future liabilities
- Tax projection modeling for different income scenarios
- Year-end tax planning consultations
Perfect for: Athletes with significant NIL deals who want to optimize their tax situation and plan ahead.
Quarterly Estimated Tax Management
Avoid penalties and interest by staying current with quarterly estimated tax payments. We calculate, track, and guide you through each quarterly payment deadline.
- Quarterly tax payment calculations based on your NIL income
- Payment deadline reminders (April 15, June 15, September 15, January 15)
- IRS Form 1040-ES preparation and filing guidance
- Safe harbor calculation to avoid underpayment penalties
- Adjustment recommendations as your income changes
- Electronic payment setup assistance
Perfect for: Athletes earning consistent NIL income who need to make quarterly payments to the IRS.
Multi-State Tax Compliance
Earning NIL income in multiple states creates complex filing requirements. We navigate multi-state taxation so you stay compliant everywhere you do business.
- Multi-state tax return preparation and filing
- State income tax allocation and apportionment
- Residency and domicile determination
- Credit for taxes paid to other states
- Guidance on state-specific NIL tax rules
- Travel and appearance income allocation
Perfect for: Athletes competing or earning NIL income in multiple states throughout the year.
Business Deductions & Expense Tracking
Maximize your deductions by properly tracking and documenting all legitimate business expenses related to your NIL activities.
- Identification of all deductible business expenses
- Expense tracking system setup and guidance
- Agent fees, marketing, and promotional expense deductions
- Travel, equipment, and training expense documentation
- Home office deduction analysis (if applicable)
- Auto mileage and vehicle expense tracking
- Receipt organization and record-keeping systems
Perfect for: Athletes who incur significant expenses related to their NIL activities and want to reduce taxable income.
Entity Structure Setup (LLC / S-Corp)
As your NIL earnings grow, forming an LLC or S-Corp can provide tax advantages and liability protection. We guide you through the decision and formation process.
- Entity structure analysis and recommendations
- LLC formation guidance and documentation
- S-Corporation election filing (Form 2553)
- Self-employment tax savings analysis
- Reasonable salary determination for S-Corps
- Operating agreement and corporate formalities guidance
- Ongoing entity compliance support
Perfect for: Athletes earning $50,000+ in NIL income who want to optimize their tax structure and protect assets.
IRS Representation for NIL Athletes
If you receive an IRS notice or face an audit, we provide professional representation and resolve tax issues on your behalf.
- IRS notice response and resolution
- Audit representation and support
- Penalty abatement requests
- Payment plan negotiations
- Offer in Compromise analysis and filing
- Innocent spouse relief representation
- Tax controversy resolution
Perfect for: Athletes who received an IRS notice, are facing an audit, or have unfiled returns that need resolution.
Year-Round Tax Advisory & Support
Get ongoing access to tax professionals who understand NIL taxation. Ask questions, get guidance, and make informed decisions throughout the year.
- Unlimited email and phone support
- NIL deal review before signing contracts
- Tax implications of new opportunities
- Monthly or quarterly check-in calls
- Financial aid and scholarship impact analysis
- Dependency status and FAFSA guidance
- Education tax credit optimization (AOTC, LLC)
Perfect for: Athletes who want ongoing professional guidance and peace of mind throughout the year.
Schedule Your Free Consultation
Not sure which services you need? Book a complimentary 30-minute consultation to discuss your situation and get personalized recommendations.
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Schedule a free consultation to discuss your NIL tax needs and learn how we can help.