Being Honest About Earning?
Hey everyone- I've only been dancing for about 4 months, so I need as much info and advice as possible. When you report your earnings to the tax people, do you report it all? Or do you only report a certain percent of it? For example, could i report that I only work 4 days a week and only make $150 a day? this would give me $28,000 a year. I know theres no way for them to know what you are REALLY making. As long as you make it sound believeable, can you get away with only claiming a portion of it?? What amount sounds believeable??:O ALSO is it worth it to deduct my house fees, clothing, tanning, gym ect? AND whats the deal with sticking all your money in the bank? I have several grand in my dresser drawer next to my bed fearing that the IRS will look into my savings or checking account. Where can I stow my money safely where the IRS wont be searching? I put a couple hundred in my checking account on occasion to pay off a few bills. AND LASTLY-what if i want to get a loan for a car that costs $30,000...will i need to claim that i make alot?? PLEASE let me know what to do to play it safe. I'd really hate to owe them more than what i've saved (and i save almost all of it)!!!!
thank you!!!!!!!! god bless the person who reads this all and relpies!;D
Re: Being Honest About Earning?
I just replied to the thread you started 6 minutes ago...
Here tis from the other thread
Be careful that your monthly expenses arent higher than your earnings. If you are claiming $28K a year your monthly bills need to be around $1600 a month which will be close to your net after taxes. If you are claiming $28k a year and your rent is $1500 a month + car payment + food + insurance +++ and get audited youre gonna be screwed.
Re: Being Honest About Earning?
thanks i just read it, yea i thought about that. i guess id have to add up everything i spend in a month n make sure its all reasonable.
Re: Being Honest About Earning?
What is the point, seriously and honestly, of storing money you can never ever spend?
That's like planting food you can never eat.
Re: Being Honest About Earning?
Quote:
Originally Posted by
candyxox
Hey everyone- I've only been dancing for about 4 months, so I need as much info and advice as possible. When you report your earnings to the tax people, do you report it all? Or do you only report a certain percent of it? For example, could i report that I only work 4 days a week and only make $150 a day? this would give me $28,000 a year. I know theres no way for them to know what you are REALLY making. As long as you make it sound believeable, can you get away with only claiming a portion of it?? What amount sounds believeable??:O ALSO is it worth it to deduct my house fees, clothing, tanning, gym ect? AND whats the deal with sticking all your money in the bank? I have several grand in my dresser drawer next to my bed fearing that the IRS will look into my savings or checking account. Where can I stow my money safely where the IRS wont be searching? I put a couple hundred in my checking account on occasion to pay off a few bills. AND LASTLY-what if i want to get a loan for a car that costs $30,000...will i need to claim that i make alot?? PLEASE let me know what to do to play it safe. I'd really hate to owe them more than what i've saved (and i save almost all of it)!!!!
thank you!!!!!!!! god bless the person who reads this all and relpies!;D
What the fuck is the point? Seriously? What is it that you hope to accomplish by hiding your money, falsifying your taxes, and generally being shady?
I mean... you are going to encounter a million obstacles if you do this. You are only going to be screwing yourself out of all the good that stripper money can bring. And I'm going to guess that it is only a matter of time before you fuck up and end up in a heap of trouble.
Read this over.... http://www.enotes.com/everyday-law-e...ia/tax-evasion .... then file your taxes..... properly.
Tax evasion ain't cute.
Re: Being Honest About Earning?
um asking for advice on how to commit tax evasion on a public forum isnt really the best way to go about this
Re: Being Honest About Earning?
Yes, seriously. Please evade taxes in private. Lol..
No but really, men who commit white collar crimes like tax evasion are kinda hot.
Re: Being Honest About Earning?
Not to mention if you ever want to buy a house, car, get CCs, anything - you want as much income as possible. Tax evasion is a BAD idea.