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Thread: Are tip outs a business expense

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    Default Are tip outs a business expense

    So my follow up question to my last thread: how do you write these off as business expenses, every one you tip out?

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    God/dess arielbriel's Avatar
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    Default Re: Are tip outs a business expense

    You would technically have to get receipts every night from the person you tipped out. Yes, it is a business expense and should be deducted.

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    Moderator Optimist's Avatar
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    Default Re: Are tip outs a business expense

    My Nevada clubs gave me receipts willingly but other club refuse and work to destroy evidence of what they demand from the dancers. They know they are committing a crime. But yes, you can deduct those fees on your taxes.
    “What a caterpillar calls the end of the world we call a butterfly.” - ECKHART TOLLE

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    God/dess Zofia's Avatar
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    Default Re: Are tip outs a business expense

    As stated above, tip outs are technically an expense. However, most people refuse to give the necessary ID for actually deducting them as expenses. The way I handle tip outs is I don't count them as income. I count only what the dancer leaves the club with as income. The complete dominion rule, if you must know.

    HTH
    Z

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