Katie Davis Included in On3 Article About NIL
James Moore partner Katie Davis was included in a recent article by On3 regarding what 2022 will bring when it comes to name, image and likeness. The article quoted 13 industry experts and veterans from across the country and in a variety of disciplines.
Katie’s input addressed the often-neglected tax implications of NIL:
“There’s going to be a lot of surprised athletes come April 15, 2022, when taxes are due. Non-cash NIL deals in particular pose challenges for athletes who may not have the cash to pay in. There will be scrutiny by the IRS and various state departments of revenue as they pay closer attention to these deals and deciding who gets a piece of the pie. Paying taxes isn’t a reason to avoid an NIL deal. I believe more schools and athletes will pay closer attention to quality education and other resources to help athletes navigate taxes in the coming years.”