Differences Between a W-2 and 1099 for NIL Athletes
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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