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Thread: Quick Question for the Pros!!

  1. #1
    Curious Guest
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    Default Quick Question for the Pros!!

    Hey Everyone,

    I need yall's help. I'm from Texas and am a full time college student. I was a waitress for the majority of last year.

    I decided to dance back in September to make some instant cash. I only danced 3 or 4 nights total. I never really looked into how I'm supposed to report this. Is the club going to tell the IRS that I worked there and it is my responsibility to claim my money? I don't even remember how much I made nor do I have any physical copy. I do not want to get in trouble with the IRS...

    Any advice for a beginner??

    Thanks,
    Kaitlyn

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    God/dess Emily's Avatar
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    Default Re:Quick Question for the Pros!!

    It depends on the club. If they reported you, you would have gotten a 1099. Since I'm assuming you haven't, you're on your own to report the income. I would say estimate what you made on your taxes.

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    God/dess GoldCoastGirl's Avatar
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    Default Re:Quick Question for the Pros!!

    I agree with Emily ... if the club hasn't issued you anything to say that they are going to report what you earned to the IRS (you could always ask the club)... then just class it as 'cash in hand' work.

    Depends how much you remember you earned ... sometimes if it isn't a really big amount (less than $400) and since you only worked 3-4 nights in total.. I personally wont report it. Only because it won't really impact you in re: taxes.

    Then again, you could 'cover your arse' and report it none-the-less.



    enter: E3167322D9 for your 10% discount

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    God/dess montythegeek's Avatar
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    Default Re:Quick Question for the Pros!!

    Say you made a grand. The taxes on that are going to be small since your overall income is low and mostly spent on educational expenses.

    What does an extra 1000 on your tax return buy you if you report it? 1. Peace of mind if 2 years from now the tax man audits the club and "then" they says you earned income. 2 It boosts your demonstrable income if you apply for credit.
    3. You get all the wonderful things self-government provides for(LOL)

    4. You get the knowledge that you are being shat upon like all the rest of us.

    Pay the money even if you got no 1099 and there are no potential bad consequences lurking down the road.

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    Banned Melonie's Avatar
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    Default Re:Quick Question for the Pros!!

    Peace of mind if 2 years from now the tax man audits the club and "then" they says you earned income
    This is always the risk dancers take if they fail to report their incomes. Clubs get audited all the time. Funny how that seems to happen soon after the clubowner is caught buying off city councilmen or arranging after-hours sex parties with pro sports celebrities, or starts a high profile appeal of a new city anti-dance club ordinance, or makes the front page news with a club bust, isn't it !

    Somewhere in the club's records will be an employment application showing a dancer's real name and social security number. Somewhere else in the club's records will be a schedule showing how many nights a dancer worked, a cash register tape showing end of night club payouts to dancers for private dances etc. If the dancer in the club's records hasn't previously reported that she worked for this club and earned some amount of money there, the IRS can use the club's records to try and prove tax evasion. On the other hand, if the dancer HAS reported that she worked for this club and earned some amount of money there, even if it isn't exactly an accurate amount, then being charged with tax evasion is out of the question and it boils down to a negotiation with the IRS over a few extra tax dollars.

    I would recommend that you report your "best guess" of how much you earned at this club on Schedule C of your tax return just to cover butt. Plus, as Geek points out, that extra $1000 in reported income will have other positive effects such as helping you qualify for future loans.

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