As Name, Image, and Likeness (NIL) deals become increasingly common across collegiate athletics, attorneys face a complex and evolving landscape of tax implications and compliance challenges. This presentation will provide a practical overview of key tax issues surrounding NIL compensation, including classification of income, reporting obligations, and risks related to misclassification and noncompliance. Attendees will gain insights into recent IRS guidance, case law developments, and best practices for advising stakeholders—from universities and athletic departments to corporate sponsors and athletes. Designed specifically for legal teams, this session will equip counsel with the tools needed to mitigate risk and navigate NIL tax matters with confidence.