News & Brews Sports Biz: The Taxing Truth: Navigating NIL Collectives

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In the latest News and Brews Sports Biz podcast, hosts Shane Metzler, Brendan McKitrick and Ken Kurdziel explore the financial intricacies of name, image, and likeness (NIL) collectives and their tax implications with special guest Erin Spiwak, a tax partner at James Moore. They delve into topics such as income and expenses, tax-exempt status changes, and state and local tax discovery. They also share their brews of choice, as per the show’s tradition. Stay tuned for more enlightening discussions, and cheers to knowledge!

Welcome (0:11)

Tax Obligations: Income and Expenses of Collectives (0:46)

Recent Changes in Tax-Exempt Status Classification (4:13)

State and Local Tax Discovery (11:19)

Tax Planning and Preparation (13:02)

Key Points and Advice Moving Forward (14:58)

Brews of the Month (16:01)

Wrap up (17:54)

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