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Message: [QUOTE="Kolumbo, post: 5128869, member: 4613"] Yes, the IRS is going to be scrutinizing this and other issues. I'm interested to know how much athletes are getting from NIL at all the schools to see the trend by conference and by year. Most players probably won't even make out all that well after expenses and taxes, and will probably record losses. Let's say you're a highly paid quarterback. You may want to buy expensive gifts for your OL and other team members. Those may be deductible expenses for QB LLC which would then need to issue 1099s to them. You buy a car for transportation and you have all the other necessary business expenses small business owners have. They'd all be better off being employees for simplicity sake. [/QUOTE]