View Full Version : Camming And Taxes
StephanieXS
01-20-2013, 01:10 AM
wow, thanks, melonie!
CinnimonKiss
01-20-2013, 10:26 AM
Anyone recieve their 1099 from Streamate yet??
Melonie
01-21-2013, 11:47 AM
^^^ since StreaMates is a non-US company, I really wouldn't expect to see 1099's from them in your snail mail until the first or second week of March.
sweetgapeach
01-21-2013, 05:09 PM
^^Yeah I looked up the thread from last year (Streamate issuing 1099's page five or so) and it was around the fifth of March when we all started to receive them. But it was the first year, so maybe it will get faster.
Melonie
01-22-2013, 03:50 AM
maybe, but the IRS regs gives StreaMates and any other issuers of 1099's until the end of february to send them out !!! Add time for snail mail and you wind up actually receiving 1099's during the first or second week of march
Sexy Shana
01-22-2013, 07:52 AM
Does writing off items on your taxes actually alleviate any of this (part of your rent, supplies, etc) to a noticeable degree?
For Income Tax, yes! But rent? No, if U use your BR for camming, as a write off has to be an exclusive space just used for business, if U have another BR that U use as your studio, it works.
I deduct most of my toys, lube, most lingerie, partial internet access, web cam, computer(partial) and some others.
The deal is that the expenses have to be for things that are not worn or used elsewhere, so make it partial. Some bras and panties but not all......common sense is key.
A guy can deduct steel toe shoes for his job but not sneakers or dress shoes. So...a cam model can deduct most spike heels that are not readily worn outside.....
SarahTime
01-22-2013, 12:21 PM
^^^ since StreaMates is a non-US company, I really wouldn't expect to see 1099's from them in your snail mail until the first or second week of March.
Streamate actually operates out of Seattle, WA. That's where all the checks come from, a bank in Seattle, and that's where all their offices are located. When I spoke on the phone to Liz one time she said everything is done in Seattle, even their servers are there. The only thing non US based is the actual business registration. So it probably won't be QUITE as long as March.
Last year was the first year so I believe they were sent out a bit later. But I remember getting mine pretty close to end of Jan, early Feb I thought?
MiaraRiley
01-25-2013, 02:13 PM
I'm in Southern USA, and just wanted to update that i've gotten my 1099 from MFC today.
xxtinamariexx
01-30-2013, 08:27 AM
Due date for certain statements sent to recipients. The due Contents Page date for furnishing statements to recipients for Forms 1099-B,
1099-S, and 1099-MISC (if amounts are reported in Boxes 8 or 14 is February 15. This also applies to statements furnished as
part of a consolidated reporting statement. according to http://www.irs.gov/pub/irs-pdf/i1099gi.pdf
SarahTime
01-31-2013, 10:57 AM
Got 1099s from MFC and Cams.com (Streamray) today.
Hoping Streamate is not far behind...
goddessc
02-02-2013, 09:46 PM
Ladies, some advice...
Last year I got a 1099-Misc from clips4sale and I had a W2 from my "vanilla" job. Since this was my first time dealing with a 1099 I figured I better go see a professional. I went to Liberty Tax and paid some dumbshit $315 for a half hour of his time to do my taxes! When I asked him about making quarterly estimated payments for next year HE HAD NO IDEA WHAT I WAS TALKING ABOUT. How do these people get hired?
My point is.... Don't be afraid to do your own taxes! 1099's and itemized deductions are not that difficult! Those tax preparation commercials on TV make it seem like we are mindless retards!
I discovered a website FreeTaxUSA.com. It's incredibly simple, and accurate. It costs nothing to file your federal taxes and like $10 to file your state taxes. They even help you estimate your quarterly payments and you can print out vouchers for the year.
Some things I learned from doing my taxes this year:
-You can deduct the interest you paid on your student loans (and make sure to see if you qualify for the American Opportunity Credit if you paid tuition in 2012)
-You can deduct the cost of your tax preparation fees
-Make sure to see if you qualify for the EIC (earned income credit)
-If you have a question about itemized deductions or any tax related question the IRS offers online chat help M-F http://www.irs.gov/uac/Chat-Access
-Don't be afraid of quarterly payments! You won't be penalized the first year you owe more than $1000 in federal taxes. But if you expect to owe more than $1000 again in 2013 then you need to start paying quarterly (Form 1040-ES). The next quarterly payment is due in April so you have a couple months to figure out what your estimated payments should be.
-You can use your 2011 Taxes as a guide to see if you're doing things right
-You can play around with the numbers you entered on freetaxUSA to understand different scenarios that might take place next year. For example I wanted to know how much tax I would owe on my self-employment income (1099) if I made more money at my "vanilla" job. Just make sure you change all the entries back to the correct numbers before you submit your taxes!
I hope this helps some ladies and please correct me if I'm not accurate!
xxtinamariexx
02-02-2013, 10:14 PM
Got my 1099 from SM on saturday :)
CinnimonKiss
02-05-2013, 09:20 AM
Got mine from SM yesterday !
charise
02-07-2013, 10:58 AM
I still haven't got mine from sm wtf!!
Vela Valentine
02-07-2013, 09:51 PM
I got mine from SM, but I'm wondering, does anyone know when we get them from clips4sale?
qwerty24
02-13-2013, 09:43 PM
Canadian ladies, what do you do? What papers would you bring in? since we doing get 1099.
I was thinking about using H&R block, cause I heard other chickas use it...
Melonie
02-16-2013, 05:47 AM
I went to Liberty Tax and paid some dumbshit $315 for a half hour of his time to do my taxes! When I asked him about making quarterly estimated payments for next year HE HAD NO IDEA WHAT I WAS TALKING ABOUT. How do these people get hired?
I was thinking about using H&R block
Again, in both the US and Canada, there is a huge difference between the relevant tax laws and filing requirements to prepare a tax return for an 'employee', versus preparing a tax return for an unincorporated business. Where the 'big box' tax prep companies are concerned, 99% of the tax returns they wind up preparing are for 'employees' ... and low to middle income 'employees' at that. As such, the tax prep people working for these companies seldom if ever actually deal with unincorporated business tax returns. This leaves them unfamiliar with many aspects of business taxes ( i.e. quarterly estimated taxes to name but one example ), and totally unfamiliar with business expense tax deductions that are specific to certain types of businesses ( i.e. trying to deduct the cost of breast implants as a business expense ).
I agree with GoddessC that if it comes to a choice of using a 'big box' tax prep company, versus doing your own tax return, you're better off choosing the latter. There are lots of tax prep programs available that do a very good job dealing with small business tax returns. And the Dollar Den is full of threads about camgirl and dancer tax particulars. However, for your first year of business operation at least, engaging a CPA who has experience with small businesses can be a very worthwhile investment ... because not only will your tax return be properly prepared, but the CPA can also guide you in regard to the 'smartest' way to organize your business and personal finances in order to pay the minimum amount of taxes next year !!!
GlamourRouge
02-16-2013, 06:44 PM
Lori the Tax Domme just put a book out on taxes for those of you who want to purchase it and do your taxes yourself (or just to educate yourself). It just came out, so it should be up-to-date: $30
amberose
02-17-2013, 06:07 PM
Just wondering if anyone's finished filing their taxes yet and claimed their camming/video clothing or makeup as write offs. I've heard about the new "keeping up appearances" thing and am wondering how it's been playing out so far. I wonder if clothes and makeup could count as entertainment props, as opposed to simply keeping up appearances? Like, practically speaking I don't see the difference between buying a skimpy outfit for cam or using sex toys for cam or other video props. This would also include wigs and things not normally worn...but I dunno how they determine "ordinary" in this scenario.
I'll report back when I get more info and file mine...
Melonie
02-18-2013, 03:07 PM
^^^ basically, department store makeup or Victoria's secret skimpy outfits already fail the 'housewife test' for business expense tax deductions. However, the IRS code also refers to expenses which are 'ordinary and necessary' to the operation of a business being legitimate business expense tax deductions. Obviously, the 'housewife test' and the 'ordinary and necessary' criteria can and do conflict.
The recent IRS ruling regarding celebrities no longer being able to deduct personal appearance related items strengthens the 'housewife test' criteria and weakens the 'ordinary and necessary' criteria. And that IRS 'housewife test' basically boils down to a position that anything that 'housewives' ( i.e. people who do not operate a business ) regularly spend money on ( with obviously no legitimate business reason for doing so ) is, by definition, mostly for 'personal' benefit ... and as such cannot be legitimately deducted as a business expense. Do some number of housewives spend money on dep't store makeup, Victoria's secret skimpy outfits, wigs, sex toys, gym memberships, hair and nail salons, tanning salons, etc. ??? Yes they do.
StephanieXS
02-19-2013, 09:35 AM
Alright, so, basically, regardless of the fact that my parents told me I was on my own 2 YEARS AGO, their tax advisor told them they still needed to claim me as a dependent because it would benefit them more than it would benefit me. I have a few questions, though.
1) I didn't give them any actual W-2s or 1099, I just told her my total income, could the tax advisor still get a copy of my W-2s somehow and inform them of what I do?
2) Is it even still possible for them to claim me as an independent since I 'own my own business' or might they get audited?
Melonie
02-19-2013, 11:14 AM
^^^ before I can answer I have to ask three IRS based questions ...
- are you under the age of 24 ?
- are you a college student ?
- is your own total income ( W2 + 1099 + other ) a tiny amount compared to your parents' incomes ?
Also, with today's automated 3rd party reporting, it would be a relatively simple matter for an account who has been provided with your name and SS# to locate and download copies of your W2 if a well-known payroll service ( like ADP ) was used by your 'employer'. Downloading 1099's is likely to be more difficult unless the accountant was provided with the name of the payer.
StephanieXS
02-19-2013, 11:59 AM
The answer to all those questions is yes. My parents offered to pay me back for the money that I'll end up owing but when I told them the amount their tax advisor told them that I must be lying and now they're demanding that I allow her to do my taxes for me.
Melonie
02-19-2013, 02:13 PM
^^^ well, unfortunately, short of bringing a court action and subsequent judge's ruling to 'emancipate' you, because you are a college student and under the age of 24 then by IRS definition you are still a dependent of your parents - regardless of relative income levels, regardless of whether you still reside with your parents versus your own apartment etc. And even if you were to pony up the attorney's fees for an 'emancipation' filing, there is no way such a ruling would happen before the IRS april 15th deadline for 2012 tax return filings. So you're 'stuck' with dependent status for this year at least.
In terms of your own taxes, not being able to claim yourself as a dependent on your own tax return is likely to result in you having to pay a 15.3% social security / medicare tax on every dollar you earned from camming in 2012 ... plus having to pay another ~15% federal income tax on both your straight job and camming income ... plus an additional few percent in state income tax on both your straight job and camming income if you live in a state which ievees its own income tax. So if you earned say $40,000 in 2012 between your straight job and your camming work, and employee tax withholding was done by your near minimum wage straight job payroll system without your straight job employer knowing that you also had outside income, you're probably talking about having to come up with something on the order of $10,000 between now and April 15th to satisfy your tax obligations. Had you been able to claim yourself as a dependent on your own tax return, the tax bill would probably have only been about $5,000 ... which might have in turn been further lowered down to $2,500 had you also been able to claim the tuition tax credit for yourself ( but as a dependent, that $2,500 American Opportunity tax credit will go to your parents ). I'm not so subtly hinting around that if you have several years to go before you reach age 24, investing in an 'emancipation' filing might lower your tax bill far more over the intervening years than the attorney's fees will cost !
Additionally, your 2012 income counts toward the 'total household income' figure which your parents must report on your upcoming 2013 FAFSA student grant application. Adding your pre-tax income level to your parents' income level may very well reduce the amount of student grant money you will be eligible for in the fall 2013 and future college semesters. Again, an 'emancipation' ruling would remove your parents' income from future year FAFSA grant eligibility / amount calculations.
And since FAFSA, college bursars offices, the IRS, and your state tax agency all share information ... plus the fact that your parents' income and your own income must be factored into FAFSA eligibility ... plus the fact that the American Opportunity tuition tax credit is involved ... any 'inconsistencies' between your own tax return and your parents' tax return listing you as their dependent are virtually guaranteed to get both you and your parents audited. This is the reason that it makes a lot of sense to have a single accountant prepare both your own and your parents' tax return.
And don't forget to take all of your receipts for deductible business expenses related to your camming activities to the accountant ... as those CAN reduce your tax liability.
CummingCouple
02-21-2013, 01:13 AM
I hate saving receipts because of the BPA in thermal paper, but it has to be done if you want deductions. Sigh.
xxtinamariexx
02-21-2013, 03:46 AM
I hate saving receipts because of the BPA in thermal paper, but it has to be done if you want deductions. Sigh.
Not sure what is in the paper, but I love pulling out a receipt and barely being able to read it because it has all faded away :( I have quite a few of them for my husbands business that have done that
justadorable
02-21-2013, 05:22 AM
ok i dont think this has been covered but do you claim giftcards as income or the things you get with them are they deductable?
twistedprincess
02-21-2013, 06:55 AM
Giftcards are just that: GIFTS! You do not have to claim gift income as it is up to the giver to claim it if they give you more than $10,000.
However, IF you're audited and get a bitchy auditor they may see the giftcards as payment is they find them and make you claim them.
Really it is up to you. If you want to be extra safe, claim them. If you believe that you can fully argue that they are gifts and not payment, then don't claim them.
CummingCouple
02-27-2013, 08:59 PM
Not sure what is in the paper, but I love pulling out a receipt and barely being able to read it because it has all faded away :( I have quite a few of them for my husbands business that have done that
Bisphenol A BPA it causes abortions in high levels and its all over money too...
Bisphenol A BPA it causes abortions in high levels and its all over money too...
Obligatory, "Studies have indicated, not definitively proven blah blah blah." It is also been linked to cancer development and all other sorts of other fun stuff. Thermal paper (and copyless) also has other sort-of-tested-chemicals. Not trying to alarm, but better safe than sorry! Handle them as little as possible, wash your hands after. ;)
spiceylady
03-01-2013, 12:16 AM
Man this thread on taxes really makes you think if you really want to start a career in caming but then again being jobless with bills to pay makes you really think too. Glad this thread is here to read.
limecoconut
03-01-2013, 01:22 PM
Not sure if this is the right place to post this, but I have a tax question:
I owe a few thousand to the IRS from 2009-11. I am on a payment plan. I have been saving money for paying in this April. I will have pretty much exactly what I owe from years past. My question is,
*Should I use this money and pay off the old debts, then get on a payment plan for 2012 taxes while staying up to date on quarterly payments?
*Or should I pay 2012 in full and stay on the current payment plan?
Which one is going to save me money in late penalty fees? Thanks.
Melonie
03-02-2013, 09:45 PM
^^^ there are two components to your equation. The first is interest charges and penalties already assessed by the IRS on past-due taxes. The second is new penalties and new interest charges that have yet to be assessed if you allow April 15th to pass without paying taxes due on your 2012 income, and without paying estimated taxes due on your Jan-Mar 2013 income. Paying the 2012 taxes and 1Q 2013 estimated taxes on time will eliminate additional penalties. However, in terms of total dollars in interest charges, since the IRS adjusts interest rates on all past-due tax payments at regular intervals, it doesn't make any difference whether X total dollars owed to the IRS are for 2012 or for previous years' unpaid taxes.
My clearly non-expert opinion would be to stay current on both the April 15th payment due for taxes due on 2012 earnings PLUS estimated taxes due on Jan-Mar 2013 earnings ( which is due on the same date ) ... as well as making all future quarterly estimated tax payments on time. This will avoid future IRS assessment of additional underwithholding penalties. If you can do this, in addition to making your 'IRS payment plan' payments on unpaid taxes due on past years' income, eventually you'll 'dig out from under'.
annabellz
03-03-2013, 08:44 AM
For limecoconut- I agree with Melonie-
It seems like youre asking if you should switch your payment plan from 2009-11 to a payment plan for 2012. I dont see how that would save you money. As she explained the interest charges are calculated the same- (it doesnt matter how old the debt is) You already paid the penalty for being late on the 09-11 debt. You havent paid a late penalty for 12. Why pay another one now? I believe they also charge you to set up payment arrangements do they not? So youd have to pay for that as well. So its going to cost you more to switch.
Another thing to consider- which I doubt it will come to, is that the IRS has a clause that they can only collect on a debt for 10 years. So theoretically, they will only be able to collect on your 09 tax debt until 2019. (thats why they probably gave you arrangements where youll have it paid off before then) If you trade in arrangements for a debt in 12, it will be able to be collected until 2022. (but if for some reason circumstances change and God forbid you lose your job or become disabled or hospitalized for years and you break the arrangements and dont pay- for your 2009 debt, in 2019 they will cease collection efforts as its passed the statue of limitations)
amberose
03-03-2013, 01:04 PM
I'm confused as to what I should list as my occupation/business type on my taxes. I totally don't mind putting "Web model and content producer", but I'm mostly afraid that if I need to show a potential landlord my taxes as proof of income that I could be denied on those grounds or be denied if it suggests that I work from home. Even if I put something vague like "internet sales", it would still imply that I work from home, and I don't think that "mode" is inclusive enough. Suggestions?
Melonie
03-03-2013, 03:37 PM
for US and Canadian taxes at least, the only thing that actually matters in that regard is your NAICS 'occupation code' ... 711510 ... which applies to 'independent writers, artists and performers'. Whatever verbage that you yourself want to list in the 'occupation' blank is up to you i.e. 'internet sales rep' or 'video producer' or whatever !!!
amberose
03-03-2013, 03:52 PM
But do you think that using a title like "internet sales" could be an issue if showing a leasing office proof of income via taxes? I'm wary now knowing that it may be against the rules for a lot of apartments. Like, do they even see that portion when you show them your taxes?
I know pay stubs could also work but I've heard some places like to see taxes filed.
Melonie
03-04-2013, 04:10 PM
^^^ well, ANY sort of job which involves 'independent contractor' business earnings, as opposed to an employee paycheck, now faces stricter 'Income Verification' regulations. Because 'independent contractor' business earnings are self-reported, with a variable amount of 3rd party documentation available to independently support those self-reported earnings, the only 100% acceptable official proof of income these days is the income reported on past years' tax returns. This is a direct outgrowth of the new financial regulations imposed after the 'subprime' real estate debacle ... where buyers were previously allowed to simply state some amount of income when applying for credit / loans / mortgages, and where in far too many cases the stated amount of income was much greater than the actual amount of income available to make those monthly lease, loan and/or mortgage payments.
If the apartment you're seeking a lease on is managed by a 'corporate landlord', odds are almost certain that if you are not an employee ( with regular weekly pay stubs ) but a self-employed business operator that the 'corporate landlord' is going to want to see past years' tax returns for that business.
GraceLuv
03-08-2013, 12:26 AM
Man this thread on taxes really makes you think if you really want to start a career in caming but then again being jobless with bills to pay makes you really think too. Glad this thread is here to read.
A very wealthy friend of mine once told me that worrying about paying taxes is a waste of time. If you make enough money to pay a lot in taxes, then you still made a lot of money. I'm more worried about an audit than anything else. Not that I have anything to hide, but I don't want to sit down across from some auditor who may treat me like a whore.
It was hard enough going through the immigration process while occasionally being treated like garbage by power-tripping jerk. My advice, over-pay just a little as insurance. It may seem like extortion, but... its kind of the nature of the beast where taxes are concerned.
MiaraRiley
03-08-2013, 11:24 PM
Questions about chaturbate. I've already posted a new thread about this just in case.
1. I have yet to receive my 1099 from them, but i'm going to go ahead and file anyways since i've kept records of my earnings. My question is: for those who have filed for them previously (with turbotax), what did you put in the fields for "Who paid you?" and "Payer's Employer ID #"?
2. Do you have to file your hourly contest winnings?
3. Just a general tax question: How do I figure my quarterly estimated payments, and how do I pay that through turbotax? This is my first time filing taxes as an independent contractor/cam girl. :/
Sorry if any of these questions have been asked before or are just utterly stupid. I just want to make sure I get this right so i'm not audited.
Melonie
03-09-2013, 09:10 AM
^^^ When I have had to list independent contractor earnings that were not accompanied by a 1099, I simply listed the amounts as other receipts on Schedule C.
Technically speaking, winnings of any kind ( lottery, contest ) must be reported as taxable income
In regard to filing estimated taxes, you can use the forms option in TurboTax and go straight to form 1040-ES. As to determining the proper amount to pay, that could be anywhere between 15% and 33% depending on your own personal situation ( single vs married, children, rent versus own ), your expected total annual income level for 2013, etc. If you're just getting rolling, 25% is probably a safe figure for the 1st quarter payment due April 15th ... i.e. add up all of the money you received between the first of January and the end of March, multiply by 0.25, write the check, print the 1040ES first quarter voucher, and snail mail it to the IRS. If your particular state has it's own income tax you'll have to do the same thing with the state estimated tax form.
The IRS is finally rolling out an online payment option for estimated taxes ... see . However, so far at least, I don't believe that TurboTax or any of the other tax prep programs have 'integrated' the ability to make online estimated tax payments into their programs.
CourtneyRaine
03-10-2013, 12:42 AM
Does anyone know about moving abroad while camming for a U.S. based company, and how taxes would work with that situation?
Specifically: I am planning on moving to Tijuana, Mexico before the year is up. Instead of getting the FM-3 temporary residence visa most likely I'll only have an FM-T tourist visa, because the requirements are less stringent. I'll still apply for temporary residence but if I am denied, I have no problem with entering Mexico on a tourist visa and just going back to the States and re-entering on another tourist visa every 180 days. If this latter situation happens I will technically not be a resident of Mexico, and if I'm gone for a year with no U.S. address I also won't be a U.S. resident for the year which I'll have to file taxes. So officially I guess it would look like I reside nowhere...
After living for a year in Mexico on a tourist visa and working for a U.S. based cam site that does issue 1099s... How would I file my taxes? Do I even have to file with the IRS and if so, how would I explain my lack of residency? Do I have to file in Mexico as well and then get a foreign income exclusion from the IRS to offest that (so I'm not paying taxes twice)? But if I am technically not a "legal resident" in Mexico, how would I even file there? Could I even get away with just NOT filing anywhere at all?
According to this (http://www.360financialliteracy.org/Topics/Taxes/Paying-Taxes/Do-I-have-to-pay-U.S.-taxes-when-I-work-abroad) you can minimize what you owe in U.S. income tax if you qualify for the foreign income exclusion. But, to qualify, "your salary must be paid by a company or agency in your country of residence or by a U.S. company operating in that country." I'm not going to have a country of residence for the entire fiscal year of 2014?!
Melonie
03-10-2013, 08:31 AM
since you are not being paid by a Mexican company, you won't need to report your 'foreign' income to the Mexican authorities. This is a very good thing if you are present in Mexico on a tourist visa which does not include a legal right to work within Mexico !
However, resident or not, as a US citizen you will still be required to report and pay US taxes on earnings from anywhere in the world. If you can prove that you have NOT resided within US borders for 330+ days during the year, you will qualify for the 'foreign income exclusion'. But if you have spent 36 or more days of the calendar year within US borders, you'll wind up paying the same US income taxes you would have if you resided within US borders for the entire year. Since more than 36 days have passed in 2013, you've already lost the 'foreign income exclusion' possibility for the rest of this year.
Living way south of the border I face this situation myself, which makes for VERY limited opportunities to return to the states for visits. But on the flip side, having your first $106,000 per year of income totally exempt from US federal income taxes via the 'foreign income exclusion' can add $30k-$35k-$40k+ to your 'discretionary' after tax income ... and even more if you reside in a high tax rate US state !!!
CourtneyRaine
03-10-2013, 10:04 AM
Thank you Melonie, I was hoping you'd reply and share your knowledge!!!!
So basically it sounds like I'll have an advantage living outside of the States even though I'll still have to file with the IRS. That is a huge relief. But, how woould I prove to the IRS that I've spent less than 36 days in America? It's irrelevant this year but I plan on leaving at the end of 2013 and pretty much spending all of 2014 in Mexico. If I do come back to the States it will be for brief visits (meaning, occasional weekends) and I'll be crossing the border back and forth either by vehicle or on foot so there won't be any travel proof of where exactly I am at any given time. Would a letter from my landlord in Mexico stating I've resided there for all of 2014 be sufficient proof for the IRS to qualify for the foreign income exclusion, or do I need to have any other supporting documents? Just trying to get all of my ducks in a row in advance so I don't screw anything up and pay for it down the line.
As far as managing my money in Mexico... I do not plan on opening up a Mexican bank account. I receive all of my camming money on either a Payoneer card or CMB paycard. I currently bank with HSBC and they do have a branch in Tijuana so I will be able to make deposits to and withdrawals from my existing U.S. checking account but I plan on keeping my bank acivity low and relying mostly on withdrawing money from my cards from ATMs and paying cash for everything I can. this won't really allow me to hide from the IRS since the cam sites I'm on do issue 1099s so they'll know my exact income anyway. Just wondering what's the best way to keep a low profile.
LoraDoll
03-10-2013, 06:41 PM
I just get trouble with the tax, righ now.
If there is any lady, who bought an own home, and work only on cam.. maybe, she could help me, and tell me a little about how she did it.
In my country, i can't buy anything, only if i can show up on paper, how i get my money, how much in a month, am i pay all the taxes... etc etc.
I rent a flat since i m 16... now i m 25. And never had an own home, this is my only dream right now.
Slowly i ll have the money for it, but i cant buy, becouse taxes.
Melonie
03-11-2013, 05:38 AM
But, how woould I prove to the IRS that I've spent less than 36 days in America? It's irrelevant this year but I plan on leaving at the end of 2013 and pretty much spending all of 2014 in Mexico. If I do come back to the States it will be for brief visits (meaning, occasional weekends) and I'll be crossing the border back and forth either by vehicle or on foot so there won't be any travel proof of where exactly I am at any given time.
Based on my own ( unpleasant ) experiences, if a significant amount of income is involved, the IRS is likely to disallow the 'foreign income exclusion' first and force YOU to prove how many days you did or did NOT spend within US borders before the exclusion is restored. Ultimately, I was able to do this via submitting a copy of my passport stamps for the year. I doubt that any non 'official' info source i.e. a Mexican landlord, is going to be of any help in this regard. Also, the IRS counts partial days within the USA as full days ... i.e. if you travel to SoCal on a friday night and return to Tijuana on a sunday night, to the IRS that counts as three days not two !!!
i can't buy anything, only if i can show up on paper, how i get my money, how much in a month, am i pay all the taxes... etc etc.
I'm not sure what country you live in, but this isn't unique anymore. As the US, eurozone countries etc. develop worse and worse budget problems, the gov'ts have been enacting more and more laws and treaties which all boil down to 'forcing' individuals and businesses to report to the gov't how much money they have earned ... which also means having to pay all applicable taxes on that money.
In the USA, where home mortgages are concerned, it is now necessary for any would-be home buyer to prove to the lender that they have a 'verifiable' income which is sufficiently large to allow that home buyer to make future monthly mortgage payments while also being able to afford food, utilities, property taxes etc. And where self-employed would-be home buyers are concerned, the only 100% acceptable document for income 'verification' is a copy of past years' tax returns.
Thus while it's technically possible for a US dancer to work in a club that does not report payments to dancers to the IRS ... and also technically possible for a US dancer to never report one dollar of her dancing earnings to the IRS ( and thus never pay one dollar of taxes on that dancing earnings ) ... it is NOT possible for that dancer to use her untaxed cash earnings for a down payment on a house, or for that matter to purchase a car or anything at all which costs more than $3000 / $10,000.
Trying to spend more than $3000 / $10,000 on anything will result in the generation of a 'cash transaction' report to the IRS. When that 'cash transaction' report is receivedm IRS computers will try to look up past years' tax return filings by the same person to attempt to determine where that money came from. If there is no previous tax return, the IRS will presume that the person is attempting to evade taxes and investigate further.
I imagine that other countries are now following along similar lines.
MiaraRiley
03-13-2013, 07:40 AM
Anyone have Chaturbate's EIN #?
Ariella
03-17-2013, 12:28 AM
I've skimmed through this thread and it looks like it's all about US citizens and tax, well I'm Australian and I have no idea what to do with paying taxes, I've always had payroll at my work handle that stuff for me. Are there any other Aussie models on here that can shed some light on this? Do we have to fill out forms as an independent contractor or get an ABN or something? Totally confused.. on MFC it only has a form for US taxes and that doesn't apply to me.
astridorbital
03-26-2013, 11:40 AM
Do you girls put away like 30% of each of your checks into a savings account for taxes or do you just wait until tax time comes and try to pay it?
Melonie
03-26-2013, 12:22 PM
^^^ for the most part, law abiding dancers and camgirls set aside 15-25-35% of their incomes for taxes ( depending on their total income, marital status, dependent status etc ), and file estimated tax vouchers plus write estimated tax payment checks to the IRS and their state tax agencies every 3 months.