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Anthem Strategy and Advisory by DPW
Anthem Strategy and Advisory by DPW

NIL Athlete

PRESS RELEASE: Anthem Strategists and Dam Nation NIL Tax Partnership

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Anthem Partners with Dam Nation to Deliver Specialized Tax and Advisory Services for Student-Athletes as of August 1,2023 Corvallis, OR – Anthem, a nationally recognized CPA firm and advisory leader, is proud to announce its strategic partnership with Dam Nation Collective, the preferred collective of Oregon State Athletics. This collaboration will provide Oregon State University (OSU) […]

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The Complex World of College Sports Revenue Sharing

Article, Featured /

College sports have long been a major source of revenue for universities, with programs like football and basketball generating billions of dollars annually. However, the topic of revenue sharing among college athletes is gaining momentum as the NCAA faces increasing pressure to compensate student-athletes for their contributions. Revenue sharing in college sports is a multifaceted

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College Athletes and NIL Income: Understanding Your Tax Obligations

Article /

The Supreme Court’s decision allowing college athletes to earn income from their Name, Image, and Likeness (NIL) has opened up valuable opportunities for student-athletes. However, alongside these opportunities comes the responsibility of understanding tax obligations tied to NIL income. Here’s what you need to know: 1. NIL Income is Taxable Whether you’re paid in cash, free products, or

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Differences Between a W-2 and 1099 for NIL Athletes

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As a Name, Image, and Likeness (NIL) athlete, understanding how you’re paid—and taxed—is crucial. Whether you receive a W-2 or 1099 significantly impacts your taxes and financial responsibilities. Here’s a breakdown of the differences: What is a W-2? A W-2 is issued if you’re classified as an employee of the organization paying you. What is a 1099? A 1099-NEC is issued if you’re classified as

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NIL Athletes: Should I Work with an Agent or CPA?

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As NIL (Name, Image, and Likeness) opportunities grow, college athletes face important decisions about managing their earnings, ensuring compliance, and planning for the future. Two common options for guidance are working with an agent or consulting an NIL-specialized CPA. Both can add value, but each comes with unique risks and benefits. Here’s a breakdown to

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How Can NIL Athletes Make Estimated Quarterly Payments?

Article /

As an athlete receiving Name, Image, and Likeness (NIL) deals, managing your newfound income is crucial– and especially, keeping the most of it in your pocket as possible. One essential aspect of this financial management involves making estimated quarterly tax payments, which can help lower your tax bill when the time comes. Understanding Estimated Quarterly

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Do Transfer Athletes Really Earn More NIL Income?

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The short answer is yes, but the entire answer is a little less straightforward. Statistically, transfer athletes earn more total NIL income compared to their non-transfer counterparts. However, these total amounts don’t account for the increased expenses that transfer athletes often neglect. Transferring schools with the promise of larger NIL deals have been a growing

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NIL Athletes: What can I Take as an Expense?

Article /

As a Name, Image, and Likeness (NIL) player, you have a unique opportunity to monetize your personal brand through endorsements, sponsorships, and other deals. However, with great opportunities come great responsibilities, particularly when it comes to managing your taxes and avoiding surprise bills or penalties. One key aspect of tax planning is understanding what expenses

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Why is Financial Literacy Important as an NIL Athlete?

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In the new era of Name, Image, and Likeness (NIL) deals, athletes are presented with numerous opportunities to monetize their personal brand. However, this also introduces the need for strong financial literacy to navigate these opportunities effectively. Key Benefits of Financial Literacy: Decreased Confusion and Frustration Reduced Surprise Tax Bills Final Thoughts Financial literacy is

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