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Thread: What to bring to my tax appointment

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    Default What to bring to my tax appointment

    So I have my appointment with a tax guy the house mom at my work directed me to this Saturday. This is my first time doing my taxes as a dancer (did TurboTax past 2 years for a "straight" job.)

    The tax forms I received are two 1099s from clubs and a W2 from a straight job.

    Not sure what to bring, other than the obvious (tax forms, myself...)

    I have some receipts saved. Some girls I work with told me that they managed to deduct house (?) and tip outs...but I'm not sure that sounds right?

    If anyone has any suggestions to make my first time doing this easier, let me know I'm a little nervous, but I'm not expecting to have to pay too much (since I started putting aside money and have a lot saved up...)

    Just don't want to get there and have anything vital missing!

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    Banned Melonie's Avatar
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    Default Re: What to bring to my tax appointment

    take receipts for anything dancing related which you spent money on !!!

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    Default Re: What to bring to my tax appointment

    Just to let you all know my appointment went great and I broke close to even because my accountant was awesome and knew how to deduct a lot (including house fees since my club can give us records of what we paid which is great!) Sooo relieved and wondering why I was so stressed out about this for months haha.

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    Banned Melonie's Avatar
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    Default Re: What to bring to my tax appointment

    ^^^ glad to hear this ! Indeed, 'new' dancers and camgirls ponying up the money to retain an accountant for their first year's tax filing is typically a very 'worthwhile' investment.

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    Veteran Member NakedNicole's Avatar
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    Default Re: What to bring to my tax appointment

    I Just paid money at HnR block the other day. My club didn't give me any forms. I brought in my I.D, my credit/debit cards, social security card. I order Alot of dance outfits and shoes off of Amazon.com so I was able to go on there and get a print out of all my orders between feb2014 and dec2014. I then printed it out and highlighted any order that was dance related. I also went to my banks website and printed out all my transactions from between feb-dec and again highlighted anything for the work.

    Things I wrote off :
    Part of my monthly cell phone bill.
    my godaddy.com website.
    The Internet cost on my brighthouse bill.
    Outfits and shoes.
    my house fee,dj tip, and security tips. (I kept track of how many days I danced and what I made each night.) I put down that house was $30 dj was $20 and security was $10. She multiplied that by the 110 days I worked and wrote off that amount.)
    I also moved to work at a new club so I wrote off my moving expences.
    I believe she also wrote of my milage to drive to the club.
    Even after the deductions I had to pay the IRS $5,135 that day. They can pay it to them at the tax place for you through your checking account.
    And it also cost me $375 to file my taxes at HnR. I think she said it cost me more because she had to put me as a "business" since I didn't have tax forms or something.
    Anyways paying out almost 6k in a day for taxes wasn't the most fun, but I guess I can try to buy a house now.

    Good luck, hope this helped some.

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    Featured Member Naida's Avatar
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    Default Re: What to bring to my tax appointment

    How are you ladies writing off tips to staff (DJ/security)? I was under the impression that tips over a certain amount for the year (and they add up fast if you work as frequently as I do) needed some kind of documentation like 1099.
    Exotic dancing is like any other job.
    If you work in an office, you wear dress shoes and a suit.
    If you work in a restaraunt, you wear skid resistant shoes and a uniform.
    If you work in a strip club, you wear 7" stilettos and lycra g-strings.

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    Banned Melonie's Avatar
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    Default Re: What to bring to my tax appointment

    I was under the impression that tips over a certain amount for the year (and they add up fast if you work as frequently as I do) needed some kind of documentation like 1099.
    Technically speaking, payments from a dancer to a ( non club employee ) DJ, bouncer etc. DOES require a 1099 to be issued by that dancer ( if total annual payments exceed $600 ) to qualify as a business expense tax deduction. Without the 1099 being issued, that money will technically be considered as a non tax deductible gratuity payment. However, issuance of a 1099 will require that the dancer obtain the real name, real address, and real Social Security number of each DJ, bouncer etc. and would also technically require that the total annual amounts paid to each different DJ, bouncer etc. be separately accounted for.

    I always avoided this potential complication by only accounting for the 'net' amount of dancing earnings I actually walked out of the club with at the end of the night. That removed the potential questions and complications of separately accounting for house fees, tipouts, club 'splits' of my private dance money etc. However, using 'net' accounting of nightly club earnings technically doesn't follow the 'letter of the law'. But in the absence of receipts being issued by the club and the DJ, bouncers etc., it's arguably the best 'real world' option ... well, with one exception.

    That exception is the ( typically rare ) situation where the amount of money the dancer is being paid via a club paycheck or a club 'end of night' payout exceeds the amount of money the dancer walks out of the club with at the end of the night. In such situations, it's possible that an end of year 1099 issued by the club to the dancer will report an amount of earnings which exceeds her 'net' earnings ... which would 'wave red flags' with the IRS if the dancer's tax return didn't report an amount of earnings which is greater than the 1099 amount reported by the club. In this situation, the dancer has to separately report the club paycheck or 'end of night' payouts as income ( to explain the 1099 amount ), and 'take her chances' attempting to separately list ( undocumented ) house fee and tipout payments as business expenses.
    Last edited by Melonie; 05-04-2015 at 03:47 AM.

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    Default Re: What to bring to my tax appointment

    I didn't have to give my tax lady any other info. I just told her how much I tipped everyone out each night, she entered that into the computer under my expenses and deducted that number. I didn't have to give phone numbers or address of the bouncers, dj, etc.

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    Default Re: What to bring to my tax appointment

    I just told her how much I tipped everyone out each night, she entered that into the computer under my expenses and deducted that number. I didn't have to give phone numbers or address of the bouncers, dj, etc.
    Hopefully you won't be audited, because without issuing 1099's ( which you would have needed the names and SS#'s to issue ), and without having receipts from the bouncers and DJ for payments you made to them, you can't 'prove' these expenses to an IRS auditor who questions the legitimacy of your deduction.

    The advantage of using 'net' accounting is that there won't be a separate line item business expense tax deduction for DJ and bouncer tipouts for the IRS auditor to question.

    I should add, though, that the IRS is big on 'consistency'. Thus if you have already filed tax returns itemizing tipout payments in past years, changing to 'net' accounting would be likely to draw more attention than continuing to itemize tipout payments as a line item business expense on future tax returns.
    Last edited by Melonie; 05-04-2015 at 10:24 AM.

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    Default Re: What to bring to my tax appointment

    Can receipts function in place of 1099's?
    Exotic dancing is like any other job.
    If you work in an office, you wear dress shoes and a suit.
    If you work in a restaraunt, you wear skid resistant shoes and a uniform.
    If you work in a strip club, you wear 7" stilettos and lycra g-strings.

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    Default Re: What to bring to my tax appointment

    Quote Originally Posted by Naida View Post
    Can receipts function in place of 1099's?
    Maybe. If the receipt is for an electronic payment or a payment by check, or a payment to a corporation, they yes, a receipt replaces a 1099misc. If the payment is to an individual and the gross amount you paid him/her over the tax year is less than $600, then yes a receipt is the appropriate replacement for a 1099misc. If the payment was personal and not an ordinary and necessary business expense, then no 1099 or receipt is required. But, if the payment was in cash and to a person, unincorporated business, LLC, or partnership, and it was for ordinary and necessary business expenses greater than the total of $600 during the tax year, then a receipt is not a substitute, a 1099misc is required. Fortunately, the penalty for not filing a 1099 is fairly small, it starts at $30 per form, up to $100 per form, depending on how late you are. There is also a $500,000 cap in the penalty, per tax year.

    HTH
    Z

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