Much has been covered about NIL and college athletes, but one topic we don't hear much about is---taxes. If you make over $600 in a year from NIL, an athlete should receive a 1099. However, the categories of how athletes are being paid vary---from cash, to Venmo, to crypto to NFTs. How does this work? And what about athletes that are starting their own microbusinesses, like Caitlyn Clark (Iowa), who launched a popcorn business and Caleb Love (UNC) who started an ice cream enterprise? How should they plan ahead for the inevitable tax bill?

And asking athletes to organize their finances and file during the height of tax season (and March Madness) can add to the frustration.

Lisa Greene-Lewis is a CPA and tax expert for TurboTax. Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcasts to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. Visit her blog here.⁠