I am wondering what to say I do on my tax forms as I dont want to say, entertainer or dancer so it isn't obvious to future employers that I danced in the past but I am not sure then what do you say you do? Any ideas ladies?
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I am wondering what to say I do on my tax forms as I dont want to say, entertainer or dancer so it isn't obvious to future employers that I danced in the past but I am not sure then what do you say you do? Any ideas ladies?
NAICS code is 711510 ... 'independent artists, writers and performers'
I said nanny. Probably could get me in trouble, but at least im reporting taxes!
I used my hair business on my taxes as my company for the entertainment taxes. But you can put that you're an entertainer if you don't have another company in place.
Independent artist or writer? Would that be possible to use?
I was thinking of saying "promotional model." Would independent artist/performer be better?
^^^ you need to pick an occupation that matches a NAICS code ...
Independent Performer sounds good. Or if you work a regular job on the side, then you won't need to make up a name because it's all filed together.
^^^ the IRS will know if the particular club, or webcam host, issues 1099 reports of 'cash' payments made to a person with your name and Social Security number. Generally speaking, any club that accepts customer credit cards will issue 1099 reports to the IRS for 'cash' payments the club made to dancers that originally stemmed from customer credit card charges. If they don't issue 1099's then the club has to claim and pay taxes on the money it subsequently paid out to the dancer.
Also, any 'corporate' chain club ... which has stockholders and/or a high enough corporate profile to force club accounting to follow generally accepted accounting principles ... is going to issue 1099'.
And, as of 2014, the Affordable Care Act (supposedly) forces ALL US businesses to issue 1099's for cash payments made to the same person which total more than $600 per year. Thus ( supposedly ) even small privately owned clubs will now be required to issue 1099's for payouts made to dancers.
So if a dancer don't do VIP or funny money, you wont get issue a 1099, since you didn't receive a payment from the club, and all your money came from floor dances.
^^^ if you receive 100% of your money directly from the hands of strip club customers in the form of 'cash', and none of your money from the club itself, then there aren't any payments made by the strip club to the dancer for the club to report via 1099.
But if the club collects VIP money from the customer, and in turn pays out a portion of that VIP money to the dancer who did the VIP ... or if the club collects private dance money from customers, and later pays out a portion of that private dance money to the dancer who performed the private dance ... or if the club collects money from the customer to purchase 'funny money', and in turn pays out cash to the dancer in exchange for turning in 'funny money' received from the customer ... then there IS a payment made between the club and the dancer which new ACA regulations require the club to report to the IRS via issuance of a 1099 form at the end of the year.
I've always put independent performer, as well. When I go to the bank, the elderly lady thinks I'm an aspiring actress. I couldn't break her heart with the truth. :)
So there you go ladies. If you want to go a bit off the radar, so it would be less likely to show up in your work or credit history. Work at a club where you make most money off floor dances that customers hand real money directly to you. The downside is that, these clubs, where you make the most money off floor dances tends to take a big portion of the VIP money.
But if you care a lot, about your club history showing up, it might be a good idea to stay off VIP, or clubs that use funny money, or take a portion of your floor dance money. You will considerably make less, but it might be worth it, if you're looking to get a straight job after.
Hello ladies,
I'm wondering if anybody here has put something more "creative" for their occupation instead of "entertainer".
I worked for abroad for several years as a teacher and freelance tutor and feel more comfortable putting down "tutor" for future employment purposes. But at the same time I worry because other than my giant, old stack of tutoring books, I have no proof of my being a tutor. How much does the IRS really care that your job is what you say it is? Are they going to ever ask for proof?
Also, would a freelance tutor be 711510 Independent Artists, Writers, and Performers or 611691 Exam Preparation and Tutoring? I'm thinking 611691 but there's no mention of whether that job is through an agency or independent.
Thanks!
I asked my accountant before if I could put something like tutor and he said it's not a good idea because for tutoring, your ''clients'' could claim in their taxes the amount they had spent on tutoring with you...
^^^ messing with NAICS codes can also potentially be construed as 'fraud' by the IRS.
The IRS is developing specializations among auditors and agents. Each NAICS code has its own tax implications and thus the auditors and agents are supposed to know and understand the industry better. This "should" make it easier for strippers, and doctors, for that matter when it comes to audits. Under specialization, a stripper should not be seeing an auditor who normally audits oil and gas producers. The auditor should understand the costumes, makeup and other expenses we have. Likewise, an oil and gas producer should not be educating an auditor who spends her time mostly in the entertainment industry. So please use 711510.
Z
Thanks, ladies. All very good points. I wonder if it makes a difference if I hang on to one or two tutoring clients? Although it's still fraud, I suppose, to claim my sex work money as tutoring money. I had no idea that my tutoring clients could claim me on their taxes.
Also, I currently do bodywork and pro-domming through houses and don't have any write offs through that. My only write off is going to be my big fat student loan for the qualified interest.
^^^ well, by the letter of the law, hanging on to tutoring clients would force you to file two separate Schedule C's for two separate and unrelated business activities, each listing the appropriate NAICS code. This will increase the probability that you may be audited.
If I file as something else, like bartender, and don't claim and deductions, does that work?
^^^ Independent artists, writers and performers ... you can pick any occupation you want as long as it falls under that heading ( which bartender does not ). However, if and when you are audited, you'll be expected to explain to the auditor exactly what you do. Making a first impression on the IRS auditor that you are a 'liar' is NOT a good way to start an audit.
^^^ Indeed. I'll emphasize what I posted earlier. All 'self employed' persons are viewed with a degree of suspicion by the IRS because, in many cases, financial information is 'self generated' without a corroborating 3rd party 'paper trail'. This makes it relatively simple for a 'self employed' person to under-report their actual income in an attempt to avoid paying all taxes due. As such, the IRS pays a great deal of attention to how 'credible' the self employed person they are auditing appears to be.
Starting things out being caught in a blatant 'lie' regarding the actual nature of the self employed person's business activities is guaranteed to cause the IRS auditor to view everything else the self employed person says / provides in the way of documentation with a high degree of suspicion !!!