What are IRS rulings on NIL, including FICA and Medicare taxation if any. Also any rulings on quarterly payments of taxes. I have not read any rulings. What you or I think rulings should be is not my question.

Google.com?

Hopefully having no state income tax is a big advantage for us.

Their money goes 10-12% further in Texas

McKinney Ag69 said:

---

Hopefully having no state income tax is a big advantage for us.

Their money goes 10-12% further in Texas

---

You would be surprised how much that sales is costing you.

You already asked this question today. Two attorneys, three accountants, one finance professor, and one guy who knows a guy already answered you

https://texags.com/forums/16/topics/3517642

I'm a professional tax expert and can answer this question.

Hope Micah reads this post.

Tango.Mike said:

---

You already asked this question today. Two attorneys, three accountants, one finance professor, and one guy who knows a guy already answered you..... ,...........................Thanks. Tangi. I in error posted on the Politics Forum.and did not see it. So all disregard this duplicate post and go to Politicals. My apologies.

https://texags.com/forums/16/topics/3517642

---

strbrst777 said:

---

What are IRS rulings on NIL, including FICA and Medicare taxation if any. Also any rulings on quarterly payments of taxes. I have not read any rulings. What you or I think rulings should be is not my question.

---

Why are you jealous?

W said:

---

why would NIL not be taxable income?

---

Because **** em that's why.

W said:

---

why would NIL not be taxable income?

---

It didn't used to be. That's the real reason Saban retired.

I've wondered if tuition, housing, food, etc is treated as a benefit in kind, i.e., taxable income.

33 said:

---

I've wondered if tuition, housing, food, etc is treated as a benefit in kind, i.e., taxable income.

---

https://www.irs.gov/taxtopics/tc421

Quote:

---

Their money goes 10-12% further in Texas

---

I looked into moving back to Texas summer 2023. It's lots more expensive than Missouri. The cost of housing (renting or buying) in Texas has more or less doubled in the 11 years I've been gone.

NIL theoretically not related to the individuals playing, but wondering if these guys have to file state taxes in all the states they play. For example, before each game, they need to tweet out everyone should eat their Wheaties. If they do that from various states and it is a requirement of their contract, could the State get a portion of that income from "working" in that state.

Not sure how the states handle the social media influencers "working" from different locations.

Can we move this to the tax preparation forum. Seriously why on earth would anybody care about this who is not receiving NIL money?

When you have to croot against schools in no-state-income tax states…

Still, can’t imagine this being popular among the electorate, which isn’t getting a tax break. https://t.co/yroljG9FBT

— Andy Staples (@Andy_Staples) February 4, 2025

rootube said:

---

Can we move this to the tax preparation forum?

---

Worst forum ever. Or at least tied with Old Rivalries.

1099 issued for funds received? Colleges already send out forms for scholarship or other benefits recipients. Same stuff.

These kids will be introduced to world of tax and CPAs. Most will be filing state income tax returns in 3-5 states.

Most of them will be getting screwed by not filing. Universities should have a tax department dedicated to this, if they don't already.

Which players receive NIL in multiple states?

The vast majority will file their taxes. Very few will get into the tax trouble so many are strangely hoping for

**** the IRS.