I haven't kept up with this. I need to see who's who and etc.Great pick-up. Doing well in-state and there are 3-4 big ones left on the board.
I haven't kept up with this. I need to see who's who and etc.Great pick-up. Doing well in-state and there are 3-4 big ones left on the board.
Morgan and Crowell are rumored to be a package deal, we all know how well those things usually go. anyway. Morgan is trending Bama's way.I haven't kept up with this. I need to see who's who and etc.
good motor and can develop into a solid contributor in a year or so.
2026 Top Football Recruits in AlabamaI haven't kept up with this. I need to see who's who and etc.
Did not know that but Crowell is trending our way also. Hopefully they both come on board.Morgan and Crowell are rumored to be a package deal, we all know how well those things usually go. anyway. Morgan is trending Bama's way.
I have seen Crowell compared to Bijon Robinson. He would be the best Bama recruit at running back in a while. We have had a bit of a dip since Najee left after 2020 and we lost Brian Robinson after 2021.Morgan and Crowell are rumored to be a package deal, we all know how well those things usually go. anyway. Morgan is trending Bama's way.
Wiltfong has crystal balled both to Bama fwiw.Morgan and Crowell are rumored to be a package deal, we all know how well those things usually go. anyway. Morgan is trending Bama's way.
Haynes and young were at the top of their group. Ak Dear was the number 2 rb I think.I have seen Crowell compared to Bijon Robinson. He would be the best Bama recruit at running back in a while. We have had a bit of a dip since Najee left after 2020 and we lost Brian Robinson after 2021.
I should have been more specific. I am saying what I think Crowell will become. Haynes and Young have been very disappointing. If Crowell is Bijon Robinson, he blows all of our running backs not named Derrick Henry, Marc Ingram, Eddie Lacey, Trent Richardson, Najee Harris, etc. out of the water.Haynes and young were at the top of their group. Ak Dear was the number 2 rb I think.
Recently?Wiltfong has crystal balled both to Bama fwiw.
I think you can say that about Haynes but Young has not had his chance yet. We will see this year. I have seen Crowell's sophomore highlights and he is the real deal.I should have been more specific. I am saying what I think Crowell will become. Haynes and Young have been very disappointing. If Crowell is Bijon Robinson, he blows all of our running backs not named Derrick Henry, Marc Ingram, Eddie Lacey, Trent Richardson, Najee Harris, etc. out of the water.
I’m not a tax specialist. But there’s no way the IRS won’t get its hands on its share. Generally speaking, you can delay the pound of flesh, but you can’t avoid it altogether.So is anybody on here a tax specialist? I don't know if California has a way to disallow these things, but I believe if, prior to receiving your first NIL or NFL contract, you set up a LLC taxed as an S Corp and a separate charity/foundation, You could conceivably never pay a dime in taxes.
Take a very small salary (or disbursements) from your charity into which all your earnings go and then pay all your friends "appearance fees" at your football camps and they do the same for you, which go back into the LLC and / or charity. Borrow money at low interest to live on. What am I missing?
I appreciate the answer but I would like weigh-in from a billionaire tax advisor. Not that these guys are close to being billionaires, but you get my drift.I’m not a tax specialist. But there’s no way the IRS won’t get its hands on its share. Generally speaking, you can delay the pound of flesh, but you can’t avoid it altogether.
In the circumstances you cite, my guess would be either that the “loans” disbursed for “living expenses” would constitute taxable income.
That’s what happens if you try to borrow money and secure the loan with assets held in an IRA.
Alternatively, the S-Corp would have a bunch of revenue, but no expenses, and the S-Corp’s shareholders would owe tax on that.
Another possibility would be disallowing the S-Corp’s deduction for charitable contributions to a “ charity “ whose activities are governed by the owners of the S-Corp.
The IRS will eventually get its money. The only exception I know of is the step-up in basis that heirs get when the original owner does.
Frankly, very impressed with this staff in general regarding its recruiting acumen. That was Nick's secret sauce and that lesson is certainly not lost on our new coach at all.Our corner back recruitment is really impressive especially when you consider the GOAT has retired and that was his speciality.
Your friends will have to pay taxes on these fees. And you will need to pay taxes on the fees that you will receive from your friends. These fees can’t just "go back to charity”, since they have to be taxed first. That is assuming that fees are being paid to you and not to LLC/S Corp.So is anybody on here a tax specialist? I don't know if California has a way to disallow these things, but I believe if, prior to receiving your first NIL or NFL contract, you set up a LLC taxed as an S Corp and a separate charity/foundation, You could conceivably never pay a dime in taxes.
Take a very small salary (or disbursements) from your charity into which all your earnings go and then pay all your friends "appearance fees" at your football camps and they do the same for you, which go back into the LLC and / or charity. Borrow money at low interest to live on. What am I missing?
Couldn't they just give a church "love offering" to my foundation in lieu of direct compensation? Or just a donation to my charity from their charity? or to my LLC?Your friends will have to pay taxes on these fees. And you will need to pay taxes on the fees that you will receive from your friends. These fees can’t just "go back to charity”, since they have to be taxed first. That is assuming that fees are being paid to you and not to LLC/S Corp.
Bottom line - anytime money are paid directly to you, it is a taxable event (minus deductions that they could claim for business expenses).