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Thread: should i do taxes

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    should i do taxes

    I have been dancing now for 7 years. I finish school just to make my family happy. I like dancing. I have a job but it’s only parttime because I feel like I make more money in the club. At my job I only gross 1500 a month but I make that dancing 5 hours 4 days a week when the club is slow. So I really do not want a full time job, cause then I’m not going to have the energy to dance at night. Any way point is I have no kids so I didn’t think it would be a good idea for me to do taxes as a dancer, self employed, but everything I want I can’t prove income. Like to buy a house or new car. I make the money but I can’t prove it. If I do taxes would I have to pay a lot back each year because I do not have any kids and how do I file taxes as a stripper?

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    God/dess VenusGoddess's Avatar
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    Default Re: should i do taxes

    There is a ton of information about all of your questions on this forum. Please do a search...and yes, you should pay taxes...regardless of your parental status or marital status.

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    Default Re: should i do taxes

    Not meaning to be tongue in cheek, but if you are regularly earning $1500+$6000 per month = $90,000 gross income per year for the past 7 years, I'm surprised that something hasn't turned up already which resulted in an IRS audit. Obviously the IRS could choose to prosecute if you are reporting $18,000 in official income and not reporting $72,000 !

    Since Texas doesn't have a state income tax, a wild guess at the effective federal income tax rate for a single person without dependents who earns $90k a year would be 25% ... with an additional 15% due for (self-employed) Social Security and Medicare tax, meaning that the IRS will be expecting to see estimated tax checks from you in the size range of about $9,000 every three months.

    I agree with Venus that you really should use the search function with keywords like 'estimated tax' and 'IRS' and read through some older threads. If the IRS were ever to perform a routine audit based on their computers finding some 'red flag' based on your bank account interest, investments, retirement fund, car title or loan etc., it's highly likely that they would audit back at least 3 years ... and send you a bill for $100,000 in unpaid taxes for that 3 year period.

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    God/dess VenusGoddess's Avatar
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    Default Re: should i do taxes

    ^ Of course, that amount would include an "estimated tax payment" along with interest and penalties.

    And, just because you only have 3 years to file and get a return, doesn't mean that the IRS cannot go back more than that. They've been known to audit up to at least 10 years.

    Cover your ass. Pay your taxes.

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    Default Re: should i do taxes

    Quote Originally Posted by Melonie
    Not meaning to be tongue in cheek, but if you are regularly earning $1500+$6000 per month = $90,000 gross income per year for the past 7 years
    maybe i need to read more carefully but i think she is saying she makes =$1500 x 12 = $18,000 a year which may construe no taxes in which case she should be definitely filing.

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    Default Re: should i do taxes


    this isn't an ethical question...or deciding if you should go blonde. This is a big deal.

    It's like deciding whether or not you should pay your rent. You could not pay and get away with if for a little while, but eventually you'll get screwed real bad.

    just remember....the IRS is smarter than you (sorry, but if you think not having kids takes you out of their radar, you must underestimate how sophisticated their tools are)and no matter how sneaky you think you are, you are leaving bread crumbs everywhere.

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    God/dess Emily's Avatar
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    Default Re: should i do taxes

    Quote Originally Posted by space_Cadet_28
    maybe i need to read more carefully but i think she is saying she makes =$1500 x 12 = $18,000 a year which may construe no taxes in which case she should be definitely filing.
    she said $1500 in a bad month. I can't believe a dancer would make that every month, especially one that works 20 hours a week.

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    Default Re: should i do taxes

    Ah... as has been already stated. You shouldn't have to ask this question as you should already know the answer: YES. It is irrelevant how much you actually earn, your martial status, no. of dependants etc etc.... PAY UP !!!

    It really gets me the sheer no. of "dancers" who think they are so damn smart to avoid paying tax... even here in Australia! PAY YOUR DAMN TAX!


    enter: E3167322D9 for your 10% discount

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    God/dess VenusGoddess's Avatar
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    Default Re: should i do taxes

    Yeah, I got it to mean that she makes $1500/month with the regular job and does about that much in one week of dancing...

    Which makes for a lot of back taxes and interest and penalties.

    You may want to contact a qualified tax professional and negotiate on those back taxes for the last 7 years and then file every year forthwith from now on. Negotiating your back taxes/penalties/interest is certainly better than getting a full audit complete with Anal Lube and mouth bit.

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    Default Re: should i do taxes

    maybe i need to read more carefully but i think she is saying she makes =$1500 x 12 = $18,000 a year which may construe no taxes in which case she should be definitely filing.
    Assuming that 'texas' is to be taken at her word, she stated that she earns $1500 * 12 at a part-time straight job (which is assumed to be automatically reported as W2 income with taxes withheld by her employer) PLUS $1500 * 52 in self-employed independent contractor income from dancing which she has so far chosen not to report.

    Venus has given good advice that, in a situation like this, it might be very prudent to retain a 'tax negotiator' in an attempt to eliminate a worst case scenario of the IRS expecting something like 1/2 million dollars worth of back taxes plus penalties plus interest on seven years worth of unreported dancing income.

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    Default Re: should i do taxes

    yeah. sorry my mistake. i need to pay more attn. in 30 minutes plenty of correcting. wow.

    needless to say talk to an accountant who deals with irs.

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    Default Re: should i do taxes

    Thanks I was just asking because I’m from Texas I only danced there for 3months when I was 18 but I live in Virginia. Here (If anyone dance here near Hampton) you know the owners do not keep your information they just ask to see your id and you can work most clubs here you can come and leave anytime you want, you just have to pay tip out we do not have a schedule in the club and most of them (the one or two I go to and most around here) do not pay you (house dancers). I do report my part time job reach I have to because I did a w2 to work. I ask the owner and the others girls in the club and they told me since the clubs do not report dancers because we are not on their payroll not to worry about it. The dancers that do taxes told me the only reason they do it is to prove income for things they want to purchase and I been using my part-time job for that but now I want to buy a home and I need to prove more income. Thanks anyway. I didn’t know if I should or not. Cause some of the girls told me I would pay a arm and leg and I only dance 3days a week (fri,sat,sun), guess i will

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    Default Re: should i do taxes

    Quote Originally Posted by texas
    Thanks I was just asking because I’m from Texas I only danced there for 3months when I was 18 but I live in Virginia. Here (If anyone dance here near Hampton) you know the owners do not keep your information they just ask to see your id and you can work most clubs here you can come and leave anytime you want, you just have to pay tip out we do not have a schedule in the club and most of them (the one or two I go to and most around here) do not pay you (house dancers). I do report my part time job reach I have to because I did a w2 to work. I ask the owner and the others girls in the club and they told me since the clubs do not report dancers because we are not on their payroll not to worry about it. The dancers that do taxes told me the only reason they do it is to prove income for things they want to purchase and I been using my part-time job for that but now I want to buy a home and I need to prove more income. Thanks anyway. I didn’t know if I should or not. Cause some of the girls told me I would pay a arm and leg and I only dance 3days a week (fri,sat,sun), guess i will
    Most clubs are like the one you described where you are an independent contractor (not a W2 employee). But just because your employer doesn't take out money, it doesn't mean you are off the hook. It just means you have to do it yourself.

    Just remember....even though there is no record of you EARNING the money. there is record of you SPENDING the money.

    Don't listen to dancers that tell you that you don't have to pay taxes. Look at them. I bet these same girls don't have a mortgage, money in the bank and retirement funds. They probably drive (if they drive at all) a beater or a car that a customer put in his name for them. They might one day wake up and realize that they should be saving, but that would mean being legitimate and paying taxes.....but they can't afford the back taxes so they are trapped. These are the girls that will leave dancing with NOTHING. Do you want to be like that?

    Nobody wants to pay taxes. But at the end of the day, if I have $1000....this is what I can do with it.

    --Not report it and pay for a designer handbag with matching shoes. In 20 years I won't want it.
    --pay tax on it, take that $600, put it in the bank. Earn interest on it and in about 15-20 years years, have it grown to $2000....when I really need it.

    it's ironic because the reason dancers don't pay taxes is because they think it'll cost a lot of money. it costs more NOT to pay taxes! The women on this thread that are telling you to pay taxes (including me) are those who are or will be happy to retire from dancing because they will have a nice nest egg.

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    Default Re: should i do taxes

    texas, you may also want to use the search function with keywords IRS and reporting. Yes there are many many clubs who will not automatically report your income. However, there are all sorts of automatic reporting requirements in place on the spending side - banks automatically report interest earned to the IRS, brokers report stock transactions, retirement fund earnings get automatically reported, car title or property deed registrations get reported, any cash expenditure over $3000 is likely to be reported (and anything over $10,000 will absolutely be reported) ... even buying $1000 worth of money orders from the same place on the same day will be reported. With the computing power the IRS now has, it automatically adds up all of these reported amounts, back calculates how much money you must have put into a bank / brokerage / retirement account to be earning the amount of interest reported, looks up the average cost of living for your zip code area, and estimates a total amount of money you have probably spent last year. It then looks up the tax return you filed to see whether or not the amount of after-tax income you supposedly had left after paying your taxes on the amount of income you officially reported is in the same financial ballpark as the IRS spending estimate. If there is a big discrepancy, aaaooogah, stand by for an audit.

    FYI, two dancers were recently busted in New York because they went out and purchased new cars ... the New York DMV reported to the IRS that a person named X with social security number Y had just registered a vehicle which stickers for $24,000, with financing by loan company Z. The IRS then made a routine request for further info from loan company Z and discovered that the person named X had put down 20% and was making a $700 a month car payment. The IRS then looked up the New York zip code in their database and found that average rents run $1200 a month and average food and utilities run $600 a month. The IRS guesstimated that person X must have an after tax income of at least $30,000 per year in order to be able to afford these things, and with federal tax, state tax, and local tax rates being what they are person X must have had a pre-tax gross income at least in the $50,000 range.

    When the IRS computer compared person X's tax return and found a $25,000 reported gross income instead of $50,000, up went the red flags. The IRS then sent out requests for financial details under person X's name and social security number to all major banks, brokerages, credit card companies, local utility companies - the IRS also undoubtedly pulled a credit report and asked for financial details from all financial institutions listed - the IRS also undoubtedly contacted the NY state tax people and requested whatever info they had on person X's state tax returns - and dumped a summarized report of all of this info in the lap of an auditor.
    Last edited by Melonie; 08-10-2006 at 03:09 PM.

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    Default Re: should i do taxes

    fuck the gov't thats why I chose ths job. nothing beats under the table money. Maybe I sound very ignorant and young- but I just don't want to pay AT ALL.

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    Default Re: should i do taxes

    ^ It's really your choice. But, just know that most people who make "consistent" under the table money will be caught and the penalties to not paying taxes are much worse than just paying the taxes to start with.

    Just because you don't report your earnings and you pay cash for everything...doesn't mean that a nice little audit won't uncover your "under the table" earnings.

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    Default Re: should i do taxes

    Quote Originally Posted by KennedyWinters
    fuck the gov't thats why I chose ths job. nothing beats under the table money. Maybe I sound very ignorant and young- but I just don't want to pay AT ALL.
    yeah, because I like paying

    You do sound ignorant and young. Just be glad you're pretty. When you're ignorant and old, you'll have to rely on babysitting, cleaning houses, etc. If you're lucky and you never get caught by the IRS, you will have to have shitty under the table money all your life because you will have nothing saved and you'll be running from the IRS.

    Dancing is too hard on me to have nothing to show for it at the end. But that's me.

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    Default Re: should i do taxes

    Yeah...Em, is right. If you never want to own a house or a car that you cannot afford without your "under the table" money, then more power to you. However, if you have credit cards...rent...bank accounts...

    It's only a matter of time. No one LIKES to pay taxes...but, the alternative is spending time spooning with some nasty bitch in a jail cell in addition to paying fines/penalties/interest out the nose or just paying your share of the taxes and forgetting about it.

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    Default Re: should i do taxes

    Quote Originally Posted by KennedyWinters
    fuck the gov't thats why I chose ths job. nothing beats under the table money. Maybe I sound very ignorant and young- but I just don't want to pay AT ALL.

    Yup, you do sound ignorant and young. Listen to what everyone else has said, it costs more not to pay!

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    Default Re: should i do taxes

    Quote Originally Posted by Emily
    ... you are leaving bread crumbs everywhere.

    Assuming, for the sake of argument, you're really good at covering your tracks and "bread crumbs" are all you've ever left behind (and, given instant transgression, would tend to suspect such is not the case!), matters not now... 'cause your posts here are more on the order of magnitude of doing something along the lines of mailing the IRS a signed confession and betting U.S. Postal Service will lose it!
    "That's your answer Old Man? I guess you're a Hard Case too...."
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    Default Re: should i do taxes

    Someday you WILL get busted.
    Someday you WILL want credit.
    Someday you WILL need to become part of the system for healthcare or what have you.
    Someday you might have an awesome business idea... but your past fucks you.

    Your only other option is to plan on living outside the US in some low key place with boxes of US currency you smuggled out of the country (and you will have to smuggle it because they count currency crossing the border too!) and hope the local warlord doesn't rob your ass. Why? Because unless it is the Caymans or Switzerland you can't put it in the bank cuz THEY will make it available to the IRS too!!!

    Willy Nelson had multiple tricky and cunning lawyers and they still managed to nail his ass to the wall.

    If a multi-millionaire with a stable of lawyers and financial managers can get fined ... just imagine how out of your league you are when it comes to messing with these people! You are going mono-a-mono with literally a world superpower!

    Pay your taxes and then send some money to tax reform political action groups AND GET ACTIVE IN TAX REFORM!

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    Default Re: should i do taxes

    Quote Originally Posted by GnBeret
    'cause your posts here are more on the order of magnitude of doing something along the lines of mailing the IRS a signed confession and betting U.S. Postal Service will lose it!
    I doubt it. The number of views I'm guessing means around 25 people have read this thread. I doubt anyone cares enough to report. I just checked, google does not seem to search through this forum. so the IRS if it routinely searches web for people proclaiming guilt I would doubt they would find this. if she was already being investigated well there may be other better clues than this forum, but going through her entire web history seems like a less efficient way .......

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    Default Re: should i do taxes

    the views only counts logged in users checking, not guests. and there are ways to view sites without leaving notice on a counter of any sort that you accessed the site.

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    Default Re: should i do taxes

    that said, a lot of people still buy houses with cash and no taxpaying history. but at the same time, a lot of such purchases get seized. you just never hear about it on the news because those people aren't famous, just cash-industry workers of various sorts who thought it would all be cool and nobody would notice.

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    Default Re: should i do taxes

    Nobody ever understands complicated lingo when they ask questions like these. So...


    Yes.


    Look like a woman
    Think like a man
    Act like a lady
    Work like a dog

    - My Great Grandmother Bessie's Recipe for Success

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