Hi everyone!!! I am a new member and this is my first post. I've been reading the forums and have found them very rich with information, especially regarding financial issues.
So here's my situation and here are my questions for now... (I'm sure I will have many more to come!)
This year will be my first year filing taxes independently because it was my first year out of college. I'm living in Los Angeles now, but went to school and worked as a dancer off an on briefly for "emergency" purposes in South Florida. I recently started dancing again in addition to my other jobs for extra money here in LA. Half of my taxes will already be as an employee and half of them as an independent contractor. I have several different forms of income from several different places. Since I will already be paying taxes (have already filed estimated for other jobs this year and will continue to do so), I'd like to avoid paying taxes on my dancing. I am considered an independent contractor at the club I work at and they did not have me fill out tax forms. I do plan on making (or at least it's my goal to be making) around $10,000 by the end of this year from dancing. I know a lot of people get away with not claiming all of their income, so I am trying to figure out how to successfully avoid paying taxes for my dancing. As I said before, I already will be paying taxes for other jobs.
In another thread from a few months back, Melonie spoke about money orders. Melonie, where did you get your information about the IRS being notified if a money order is written for over $1,000 as well as being notified if more than one money order is purchased at the same financial institution on the same day? I am just hoping for a few good money resources to look at.... where do you get all of your knowledge?!?! The idea of spending cash and money orders on utility bills, rent ($900), etc. is enticing if it will help me avoid depositing money into my account that is traceable. In turn, can you Melonie, or anyone else who does this, tell me more about how and why you use cash and money orders as a frequent method of payment? Is it to pay less taxes due to claiming a lower annual income?
I don't like being a dishonest person, but if there are ways of me avoiding so many taxes, I'd like to take advantage of them if the risk isn't too high. Ideally, I'd rather just skip paying for the dancing income portion all together, but I wonder about the risk factor.
Who else has been faced with this issue?
One last question: What is the difference between a cashiers check and money order and why chose a money order over a cashiers check as a method of payment?
Any insight into these matters would be greatly appreciated.
P.S. This is an awesome site!!!!![]()


Reply With Quote


Bookmarks