Frequently Asked Questions

• What is NIL income? – NIL stands for Name, Image, and Likeness. If you’re paid by a brand, that’s taxable income.
• What forms will I receive? – Likely a 1099-NEC or W-2, depending on the payer.
• What if I got paid on Venmo or Cash App? – It's still income. You must report it even if you didn’t get a form.