So here I am, 24 hours before the deadline, getting started on my taxes....
I've searched the forums up and down, but wasn't able to find the answer, so I thought I'd ask:
WHERE do you write off the house fees?
I mean, yeah, I know, schedule C, but under what? "Commissions and Fees" (that's what i did last year)? "Taxes and Licenses"? "Legal and Professional Services"? "Rent or Lease/other"? "Office Expense"? Or specify them separately under Part V - Other Expenses? Also, the tipouts to the house moms/make-up artists/DJs are mandatory, do I lump them in with house fees or put them under "Professional Services" or something?
Also, another question. The clubs I've worked at report all funny money on the 1099's. Technically, my provable expenses are more than what I've got reported. Would those knowledgeable about such things recommend:
a) Not deducting all of my provable expenses, but just enough to bring my tax burden down close to $0 (or a couple of hundred and pay that to appease the IRS) - this is what I did last year;
or
b) deduct everything I can and report making money above what was reported on the 1099's? How would I go about doing that? What form(s) would I use? I've seen people mention they use TurboTax, I have TT Deluxe at my disposal, if anyone's got any TT-spesific tips
I understand that with plan B I'm showing that I make more money, which can be good for loans and stuff. On the other hand, I live a fairly modest lifestyle which can be supported by income under plan A, and I'm kinda apprehensive about actually _admitting_ to the IRS that I made more than reported. I seems that kind of thing would have implications beyond this last tax year, and would cast doubt on all previous returns.
Any ideas? Suggestions?
Please help!
TIA
-Vera


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