Disclaimers and Advice on using this section.
While we're all familiar enough with each other and/or the kinds of questions that are frequently asked in this Forum to know better, references to being "paid under the table," "guessing about earnings," and "at least declaring enough to cover what was deposited in bank" could easily be taken the wrong way by someone like the IRS, and wrongfully interpreted as an indication of a desire to avoid paying proper amounts of taxes due instead of a desire to learn how to make sure the proper amount of taxes due will be paid. And that being the case, it'd be in your best interest, as well as the best interests of everyone else here, for you to take the time to carefully edit your posts before placing on board to insure no such ambiguity exists in any of the phrases you've used or statements you've made.
Please bear in mind that not only is this board public, but for all intents and purposes there's no such thing as "anonymity" on the internet - so, as a general rule, making statements IN WRITING that could easily be misinterpreted or, worse yet (as is the case with certain other threads), properly construed to indicate illegal behavior, is a BAD IDEA.::)
Re: For Future Reference...
I'm making this thread stick to the top, in hopes that every new person will read it and understand it !
I'll also add a few disclaimers here ...
#1 - unless someone specifically posts credentials to the contrary, everybody making responses to questions asked on this board is an "amateur'. Therefore any responses should be considered to be non-authoritative layman's personal opinions. If you want/need authoritative advice make an appointment with a CPA and/or an attorney.
#2 - all responses on this board (should) try to point out the actual IRS rules in regard to reporting income and paying taxes. The intent of any responders (should) try to shed some light on an area of widespread shadows i.e. correctly reporting income and correctly paying taxes in the strip club/exotic dancing environment. However, if specific questions are asked, specific answers (should be) are appropriate.
Re: For Future Reference...
Gang, it's obvious from Pryce's deletion of the thread which originally prompted me to stick this thread to the top, that there is 'official disapproval' of the practice of posting responses which could be construed by some to be suggesting means of tax evasion to the original posters.
It's one thing to post a specific answer to a specific question raised by the original poster, even if that specific question might have possible tax evasion as an underlying theme. In such a case the original poster is merely seeking specific information, and any responses are unlikely to affect any course of action the original poster might choose to take with or without a response providing additional facts in regard to an idea the original poster already formulated by themselves.
However, it is quite another thing to post a response which could be construed as SUGGESTING a potentially illegal course of action to the original poster which they hadn't already thought of themselves ! In this case it is arguable that any course of action the original poster might choose to take was based on the response rather than an original idea they formulated by themselves, such that the original poster would not have taken that course of action had the response not been made in the first place to prompt/suggest it.
I was trying to be more subtle in making this point, but "CLANG" !
Re: For Future Reference...
All members of this site should know that our user records can be subpeonad by a court - though I have never heard of the IRS coming in and doing so. It is known that many dancer's do not report their income or only report some of it. I have no problem with others trying to help them rectify the problem but suggesting illegal activity can be dangerous for all parties involved. I know there are many legal tips and tricks - those are fine to share.
As Melonie pointed out, most advice here is from "amateurs". Some know what they're talking about - other's do not. If you have a serious problem, it would be best to consult a professional.
Re: For Future Reference...
I posted a note about fraudulent conveyance in another thread. Readers here may be interested to learn about the concept so as to avoid promoting it inadvertantly.
http://www.stripperweb.com/forum/sho...ewpost&t=43840
Re: For Future Reference...
Surely the books will refer to tax avoidance which is legal, and includes practices such as claiming for dress allowances and travel expenses. Tax evasion by taking money "under the table" and then failing to declare it is illegal, and is a totally different matter.
Re: For Future Reference...
i had a friend get nailed for back taxes...
because she didnt have proper records, the court "estimated" what she could have earned... OMG! in vegas maybe!
my point is:
playing games with your money can and does REFLECT BADLY UPON THE INDUSTRY.... and that haunts all of us!
lets be somewhat careful about everything we say both online and off line and try to remember that WE ARE RESPONSIBLE for the image we create
the shady image of the industry hurts our business, legislates us out of business, and generally causes all of us a lot of headaches....
Re: For Future Reference...
Hire an accountant. Great investment. Tax write offs are the best.
Disclaimers re Investments
It has been pointed out that some readers of this BBS may be putting an unjustified degree of faith in some of the opinions posted here. Newbies and veterans alike should be aware that ...
1. Unless specifically posted to the contrary, all opinions posted on this BBS are 'amateur' in nature, and should not be taken as authoritative investment advice.
2. ALL INVESTMENTS INVOLVE RISK of one type or another !!!! Put another way, there is no such thing as a completely safe investment.
3. Before a person even begins to think about diverting money into investments, they should first cover their financial 'basics', such as...
- tax obligations paid
- enough money saved in a readily accessible account to handle emergencies
- personal debt situation under control
4. If you are in need of authoritative investment advice, consult an accredited financial advisor.
Re: Disclaimers re Investments
I totally agree MBA and All And yep my baby sister is an attorney
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