Posted December 27, 2013 Can someone point me in right direction with taxes? I'm not sure if this is taboo but if it can be explained to me in the forum great if not pm would be helpful. It being almost tax season I thought it might be a good idea. Anyways happy late hanukkah!?! 0 Share this post Link to post Share on other sites
Posted December 27, 2013 Never would have guessed or even believed that you were a provider. 0 Share this post Link to post Share on other sites
Posted December 27, 2013 It's not that complicated, calculate the money you collected, deduct your qualified expenses, pay your taxes. 0 Share this post Link to post Share on other sites
Posted December 27, 2013 Wait, what?! I'm totally confused here... When I first read the op's post, I thought he was trying to be funny/sarcastic. Let me get this straight... macho is an escort (I'm assuming male with a name like "macho") and he's asking for info on how to pay taxes on his earnings... am I correct? I have so many questions, I don't even know where to begin. But I guess I'll start with the most pertinent... WHY would you even bother to pay taxes on your earnings from escorting??? Correct me if I'm wrong here, but escorting is equally illegal for the male providers as it is for the female providers, is it not? So, why are you bothering to pay income tax on a...*ahem*... "non-legitimate" business? Which raises another question here... do all the other escorts (male or female) actually pay income tax on their earnings as well? On the one hand, I guess it should be admired that you're still willing to give Uncle Sam his piece of the pie. But on the other hand, it seems very odd (and contradictory) that you'd meticulously obey one law (paying taxes) while at the same time, breaking another (escorting). I guess I just always assumed that escorts pocketed 100% of their earnings from their escorting ventures. Just goes to show that you learn something new ever day. 0 Share this post Link to post Share on other sites
Posted December 27, 2013 okay macho, i'll bite (so to speak) nng may have been onto something tho - assuming you mean how can you treat your 'therapeutic treatment and associated expenses' as tax write-offs? a new york smarty-pants shyster has the definitive answer for you. hope it doesn't hit too close to home: http://www.holytaco.com/old-man-thinks-whores-are-a-tax-write-off-2/ 0 Share this post Link to post Share on other sites
Posted December 27, 2013 This is too funny... when I first read macho's post, I totally misinterpreted what he was asking. I thought he was implying that he was a male provider and was asking the forum how to report his earnings from escorting. I was thinking, "WTF?!". But then I read urfan's response and finally understood the context of the original post... I'm an idiot. Thanks for helping to shed light on the topic, urfan 0 Share this post Link to post Share on other sites
Posted December 27, 2013 Yep I'm a provider (Male). So far I've made in income this year is 2 sticks of gum and a used gift card from the outback with a balance of $13.23 remaining. I'm not looking to write off my therapeutic expenses, but I really am looking for good advice on doing escorts taxes right. I have received so really good pm thanks again. 0 Share this post Link to post Share on other sites
Posted December 27, 2013 A trip to the islands and around the world is a deductible travel expense. Dining at the Y goes under Food/Beverage/Entertainment. Yer welcome. 0 Share this post Link to post Share on other sites
Posted December 27, 2013 A trip to the islands and around the world is a deductible travel expense. Dining at the Y goes under Food/Beverage/Entertainment. Yer welcome. +1 0 Share this post Link to post Share on other sites
Posted December 27, 2013 Escorting is legal. Not paying your taxes can put you in trouble. Remember DP/DS incident or All Capone? 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Escorting is legal. Not paying your taxes can put you in trouble. Remember DP/DS incident or All Capone? This may be veering off topic somewhat (and if it is, my apologies to the board and the moderators) but during the spring/summer months, I work a part-time seasonal job. Last season, I worked with this jackass who insisted that there is no law requiring Americans to pay federal income tax. He told me that he hasn't paid his taxes for the past 10 years. I hate that guy... he's a d-bag and I wouldn't mind seeing his arrogant ass get thrown in jail for tax evasion. But, he did pique my curiosity and I looked into it. To the best of my knowledge (according to a 'google' search)... there is technically no law requiring anybody to pay federal income tax. Is anybody else aware of this? Am I missing something here? there's gotta be a catch, right? 0 Share this post Link to post Share on other sites
Posted December 28, 2013 To the best of my knowledge (according to a 'google' search)... there is technically no law requiring anybody to pay federal income tax. Is anybody else aware of this? Am I missing something here? there's gotta be a catch, right? Google Wesley Snipes 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Google Wesley Snipes Yeah, I know he got busted for tax evasion. But I just visited like 7 different sites/forums that say legally there really is no law requiring Americans to pay federal income tax. There is no actual black & white law in the books that can be quoted or referenced stating that paying federal income tax is legally required. But Wesley Snipes (among others) got nailed. That's why I'm asking if there is something I'm missing or overlooking here.... Either way, I'm still paying my taxes just as I do each and every year. I'm just asking... 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Sex for money = illegal Escorting=not it all depends on what the irs actually cares to look in to. And if ur making large amounts of money and putting it in a bank without paying taxes on it it will screw u in the long run. 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Yeah, I know he got busted for tax evasion. But I just visited like 7 different sites/forums that say legally there really is no law requiring Americans to pay federal income tax. There is no actual black & white law in the books that can be quoted or referenced stating that paying federal income tax is legally required. But Wesley Snipes (among others) got nailed. That's why I'm asking if there is something I'm missing or overlooking here.... Either way, I'm still paying my taxes just as I do each and every year. I'm just asking... How about 26 USC Section 1, 61, 63, 6012, 6151 and 6072? http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/JustNoLaw.htm 0 Share this post Link to post Share on other sites
Posted December 28, 2013 How about 26 USC Section 1, 61, 63, 6012, 6151 and 6072? http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/JustNoLaw.htm Thank you, jpardee! This finally puts that question to rest for me once and for all. It's just too bad I no longer have contact with that ass-hat I worked with last season, or else I'd shove this in his smarmy, douchey face! 0 Share this post Link to post Share on other sites
Posted December 28, 2013 NaughtyNiceGuy is right on target here. The worst thing you can possibly do is not pay your taxes. Many escorts understand this and list their occupation as "consultant" or "massage therapist" or the like. They calculate their income minus their expenses and pay their taxes. The reach of the Federal Government is much longer than the local cops. Pay your taxes. And while you're at it, open up a retirement account. Treat your business as a business and eliminate that part of your worries. And yes, I was a tax accountant in a former life. Vic 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Yeah, I know he got busted for tax evasion. But I just visited like 7 different sites/forums that say legally there really is no law requiring Americans to pay federal income tax. There is no actual black & white law in the books that can be quoted or referenced stating that paying federal income tax is legally required. But Wesley Snipes (among others) got nailed. That's why I'm asking if there is something I'm missing or overlooking here.... Either way, I'm still paying my taxes just as I do each and every year. I'm just asking... Maybe the trick is to get people for not filing rather thannot paying? I have heard that too and did the same research because I was curious and found the same answer, which was none really. As for the OP I think asking for this type advice is no different than medical advice and is probably best coming from a honest to goodness paid professional. 0 Share this post Link to post Share on other sites
Posted December 28, 2013 Is there a paper trail for your earnings? For whatever "legal" means you have earned income, just follow the tax table on irs.gov.....otherwise, don't call attention to yourself. This from a general counsel. 0 Share this post Link to post Share on other sites
Posted December 29, 2013 . . . . and don't get caught up in a Taxpayer Compliance Measurement Program (TCMP). audit and have a life style that exceeds your reported earnings 0 Share this post Link to post Share on other sites
Posted December 29, 2013 Whew, had me worried there. 0 Share this post Link to post Share on other sites
Posted January 2, 2014 and another thing can one you ladies at least give me a hint about how I can find someone that can do my taxes. 0 Share this post Link to post Share on other sites
Posted January 2, 2014 and another thing can one you ladies at least give me a hint about how I can find someone that can do my taxes. Are they your taxes or the taxes of a provider?? These questions are very odd. I sincerely hope that you not doing this on behalf of a lady that can read these posts. 0 Share this post Link to post Share on other sites
Posted January 2, 2014 . . . . and don't get caught up in a Taxpayer Compliance Measurement Program (TCMP). audit and have a life style that exceeds your reported earnings Bingo! I know of a cash business operator who lost everything and went to jail over his lifestyle versus his reported income. IRS did a revenue audit and he was toast. 0 Share this post Link to post Share on other sites
Posted January 2, 2014 Assuming that the subject is income taxes, the requirement to pay income taxes is imposed on ALL income of US citizens regardless of the source of the income, or the location where such income was derived. There are innumerable Court cases supporting the obligation to pay income taxes, and there are several Supreme Court decisions which hold the "Constitutional" arguments made by Snipes (among others) to be INVALID. The manner in which the income was earned IS NOT material, and there are numerous IRS/Court determinations where income earned from illegal enterprises has been taxed (think Al Capone to start with). In theory, the determination of taxable income, and the related taxes owed, is simple - determine the amount of gross revenue derived from "business" activities and subtract all "ordinary and necessary expenses" to determine taxable income. The net "income" in excess of "expenses" is multiplied by the appropriate tax rate to determine the taxes due. We should all remember that the IRS does have the ability to "impute" income (based upon such things as one's lifestyle) should your income not be reported as required. Please consult with your own tax advisor for assistance with your own particular situation. 0 Share this post Link to post Share on other sites
Posted January 3, 2014 I always go with my trusty turbotax. 0 Share this post Link to post Share on other sites
Posted January 3, 2014 Are they your taxes or the taxes of a provider?? These questions are very odd. I sincerely hope that you not doing this on behalf of a lady that can read these posts. If we refer to post 7 of this thread, Yep I'm a provider (Male). So far I've made in income this year is 2 sticks of gum and a used gift card from the outback with a balance of $13.23 remaining. I'm not looking to write off my therapeutic expenses, but I really am looking for good advice on doing escorts taxes right. I have received so really good pm thanks again. I had to re read the thread again. 0 Share this post Link to post Share on other sites
Posted January 5, 2014 Are they your taxes or the taxes of a provider?? These questions are very odd. I sincerely hope that you not doing this on behalf of a lady that can read these posts. How do you figure Ms. Kitten that these couldn't be my taxes? That's very fem-nazi to think males can't be providers too. Either way though this is good info for us providers to protect are selves. Or at least help people to be more aware about it. 0 Share this post Link to post Share on other sites
Posted January 5, 2014 How do you figure Ms. Kitten that these couldn't be my taxes? That's very fem-nazi to think males can't be providers too. Either way though this is good info for us providers to protect are selves. Or at least help people to be more aware about it. Presumptuous and defensive much? I asked a question, I know you saw the question marks, you quoted me. I never said men could not be providers but if this is in fact true for you why ask such convoluted and vague questions?? If you really want to do this right why not just start with the most obvious, a professional. I somehow doubt that you can claim sticks of gum as income, so good luck! Fem Nazi out! 0 Share this post Link to post Share on other sites
Posted January 6, 2014 Presumptuous and defensive much? I asked a question, I know you saw the question marks, you quoted me. I never said men could not be providers but if this is in fact true for you why ask such convoluted and vague questions?? If you really want to do this right why not just start with the most obvious, a professional. I somehow doubt that you can claim sticks of gum as income, so good luck! Fem Nazi out! I don't even know what convoluted means so ha. Nice try Ms. Kitten. And for future reference you can claim sticks of gum. It's called Trident Layers. (Sorry for shilling). That's what I'm going pay my CPA with. 0 Share this post Link to post Share on other sites
