Crimson.gold

Need Advice on Proving income

37 posts in this topic

Hi if anyone out there has any advice on how to prove income. I would sure appreciate it. I rent my house. The house is for sale. N when I get a new landlord, I need to prove my income on paper n can not do so. N that could create a problom. 

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Well if you claimed your income and paid Taxes like most of us you would have it on paper

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Some ladies in CERTAIN professions cannot claim their income. Which can be problematic though.

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1 hour ago, a_happycamper_12 said:

Some ladies in CERTAIN professions cannot claim their income. Which can be problematic though.

They cannot acknowledge the true source of their income, but they should find a way to claim a significant portion of their income and file tax returns.  Don't forget - income tax evasion is what brought down Al Capone, and more recently Denver Sugar (I think that was the name of the agency). It's also, as I recall, one of the charges leveled against RagTop of SoWet. It's often one they(LE) can make stick because they can obtain spending records with no visible source of income.  I do agree it can be a problem; get creative 😄

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"Independent Consultant" or "Independent Contractor" is a great catch all.  Really, it probably is worth talking to a tax consultant for an hour, explain the situation, I'm sure they can show you exactly how to do things for best effect.  Not one of the folks who just fill out the tax forms for you unfortunately, but a real tax lawyer.

And yeah.  The tax people can collect at the point of a gun too.

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We absolutely can claim our income...Uncle Sam could care less how we made their money,  they just want their cut of it.  So just like any other person who is self employed, we can track our income and expenses and file taxes.  There are escort / adult industry friendly tax preparers out there for us.

So yup, tax returns are actually the easiest way...everyone accepts it in any situation where you need to prove your income.

When I first moved into my apartment i had just started and the only proof I had was my PayPal transactions...whenever I got money, Id get one of those greendot cards so I could deposit it into my Paypal.  I just had to print up the income report for 3 months from PayPal and my apartment complex accepted that no problem. I didnt have a local bank acct at the time to use that, but of course, bank statements would work too.

I guess all that helps more for in the future than for right now...though...if you have a good amont of money in your savings or a healthy checking account, showing them your bank statements may be the way to go.

Another possibility would be to offer 2 or 3 months rent upfront as a show of good faith that you will be able to pay your rent.  That would probably work better with a private homeowner.

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3 hours ago, a_happycamper_12 said:

Some ladies in CERTAIN professions cannot claim their income. Which can be problematic though.

But I remember a lot of the ladies years ago saying on this board that they pay taxes, I say bs !

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@Crimson.gold Have you asked what sort of proof they accept? I don't rent a house but I know at my apartment complex they'll accept a few of different methods to verify income. Bank statements, tax returns, pay stubs or a letter from your "self employer". Bank statements are the easiest way to go.

 

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18 minutes ago, stevie-2249 said:

But I remember a lot of the ladies years ago saying on this board that they pay taxes, I say bs !

Stevie, I would suggest that you not go there.  This is from a friend.

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ok fine I won't, I'm just wondering why the new landlord wants proof? If she paid on time every month then why does it matter to him? Landlords are always wanting good tenants who pay on time  and who won't destroy the house.

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1 hour ago, Bit Banger said:

They cannot acknowledge the true source of their income, but they should find a way to claim a significant portion of their income and file tax returns.  Don't forget - income tax evasion is what brought down Al Capone, and more recently Denver Sugar (I think that was the name of the agency). It's also, as I recall, one of the charges leveled against RagTop of SoWet. It's often one they(LE) can make stick because they can obtain spending records with no visible source of income.  I do agree it can be a problem; get creative 😄

Should is a four letter word. Tax evasion was all that could be found on Al Capone. Websites make ten times the money and usually accept CC which is a nice paper trail.

Look every one of us would like a little more legitimacy but it's hard and next to impossible for some. Unless you have actual advice "should" is just insulting. Most providers are survivalist workers, living hand to mouth and struggling to get rent paid in a crap market. How do you suggest that a provider save %30 of her income when she's only making $80 a pop?

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Concoct a business, invent the lowest acceptable income, then fill out a tax return or two to copy and show them. Nothing says you have to send those returns IN!

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3 hours ago, stevie-2249 said:

But I remember a lot of the ladies years ago saying on this board that they pay taxes, I say bs !

You would be wrong, most do pay taxes on at least a portion of their income.  Many just list profession as "masseuse," or similar.  One of my ATFs is paying taxes on a large portion of her income simply because she wants to buy a home in the near future.  Any generality you voice about the vast variety of ladies is going to be wrong, every one is a different person with a different situation, most have other jobs, and I think most pay at least some level of taxes.

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7 hours ago, a_happycamper_12 said:

Some ladies in CERTAIN professions cannot claim their income. Which can be problematic though.

There are other things providers can do to prove income.

Get a Business Trade Name the Secretary of State and operate a Sole Proprietorship. Obviously, don't say what your main occupation is (I own a Cleaning Company :-)), pick something plausible.  Open a checking account with that Trade Name. Deposit your provider money in that account and write yourself paychecks. 

You have paper income, you are paying taxes and not raising any Red Flags with the IRS.

Honestly, the majority of providers operate without paying taxes, etc. Maybe I am paranoid, but I think not claiming your income in this business and paying taxes is adding insult to injury (we are already taking chances being in this profession). 

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2 hours ago, Wendy Whitney said:

There are other things providers can do to prove income.

Get a Business Trade Name the Secretary of State and operate a Sole Proprietorship. Obviously, don't say what your main occupation is (I own a Cleaning Company :-)), pick something plausible.  Open a checking account with that Trade Name. Deposit your provider money in that account and write yourself paychecks. 

You have paper income, you are paying taxes and not raising any Red Flags with the IRS.

Honestly, the majority of providers operate without paying taxes, etc. Maybe I am paranoid, but I think not claiming your income in this business and paying taxes is adding insult to injury (we are already taking chances being in this profession). 

I need to edit my post. I meant if you are not claiming your income and not paying taxes is a red flag. Talk to text doesn't always work well. 

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3 hours ago, Admiral C said:

Concoct a business, invent the lowest acceptable income, then fill out a tax return or two to copy and show them. Nothing says you have to send those returns IN!

Only thing about that is...providing a filled out return only works if you had it done by a professional...which means it was filed. If its a self prepared form, oft times they'll require a copy from the IRS. I just had to do that when I tried to use my tax return as proof of income for something..the guy looked at me sideways and was like..uhh..you did your own taxes? Im going to need proof from the IRS then. Thankfully, I was able to request the form and provide it. Maybe they wont ask, but if they are clever, they will.

Just a little side note on taxes btw...its a pain, yeah..but if someone ever wants to do something like...buy a car or own a house or anything major in their lives to step up in the world you will need to have some sort of proof that you can afford it and not a loan risk. Unless you are sitting on money and can afford to just buy cars and houses cash in full.  But then if you do, you will pay taxes on the purchase which will set off a red flag and the IRS will look at you sideways and want to know where that all that money came from. 

Not to get any kind of way but..this society is kind of bent on the rich get richer and the poor get poorer. The more money you have, the more you can afford, the better your interest rates and opportunities to have nicer things and a better quality of life. On the inverse, the less you have and the more you need, the higher your interest rates and little to no opportunities to even have mediocre things, that youll need to pay more money you dont have to fix and repair.  Why purposely put yourself in a position where you have no money, or nothing to prove you have any and end up having to struggle more than you need to because of it?

I dont want to look back and have nothing to show for my time in the adult industry. Ill admit...its only recently I even started taking that seriously..the older I get, the more importance Im putting into financial freedom and getting things together so that I dont have to worry.  Then again...my grandmother was over 100 when she passed away and she was a firecracker...so I have at least another 60 years to go before I have to worry about retiring and spending some time just enjoying my golden years.  LoL *ahem*

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5 hours ago, Lucy Kitten said:

Should is a four letter word. Tax evasion was ... Unless you have actual advice "should" is just insulting. ...

Right 😏 How insulting!

I noticed you providing lots of ideas, too. And talk about bringing rates into threads...

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It amuses me how clients think that because us ladies are doing this that we can't be honest in paying our taxes! I do pay my taxes and I show every dime of my hard-earned money through a business. I have set up a business name with a EIN, and I make sure I pay the proper amount to Uncle Sam every year. I even tithe, and donate.

I have lots of ladies ask me how to claim their money legally and I help them out the best I can because we all have to pay for a home, food, bills, car, etc. too. Also, credit is becoming a must these days so tracking income/debt ratio is huge.

Lucy is right, it does get harder and harder with the inflation in this city.

xoxo,

Samantha Sheppard

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14 hours ago, stevie-2249 said:

Well if you claimed your income and paid Taxes like most of us you would have it on paper

I guess a lot of ASP's claim their income huh!?;)

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Exactly. I didn't say I didn't claim my taxes. I just wanna know how to get a landlord to keep renting to me

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1 hour ago, SultryKitten said:

It amuses me how clients think that because us ladies are doing this that we can't be honest in paying our taxes! I do pay my taxes and I show every dime of my hard-earned money through a business. I have set up a business name with a EIN, and I make sure I pay the proper amount to Uncle Sam every year. ...

^^ That ^^ says you have verifiable income. If the OP were doing this - easy peasy .   

The assumption of not paying taxes is not limited to escorting, but rather applies to any cash business. It's also common among those receiving Social Security or other benefits, where too much income effects said benefits.

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28 minutes ago, Bit Banger said:

^^ That ^^ says you have verifiable income. If the OP were doing this - easy peasy .   

The assumption of not paying taxes is not limited to escorting, but rather applies to any cash business. It's also common among those receiving Social Security or other benefits, where too much income effects said benefits.

That is true about the social security or other benefits, and I understand and empathize with women that have to hide it. I do warn them to be careful how they spend extra income so they don't lose said benefits either because they do notice if things don't add up. The IRS watches these people closer because there are those that abuse the system.

It really comes down to making sure the IRS gets your money...that is all they want, and they really don't care how they get it as long as they do.

I could lie about income and hide it, but I feel weird doing that and I really don't feel like being audited so I do my due deligence.

Honestly, this is not a reliable business as it is strictly commission so showing so many months could be bad if you had a bad month, and need to show consistent payments. To rent a place, you usually have to show 3x rent in income or they won't approve you. If you can't, your only other option is to have someone that makes that amount sign with you and that is pretty risky. The last few years have been even tougher as anything besides apartments tend to want twice the security deposit, as well as, the rent. I know as I had to contend with this when I moved back to Denver. It is a nightmare! I got lucky, and I also have the income as I made sure to be prepared for such doozies.

Budgeting is a must no matter your circumstance in this business.

xoxo,

Samantha Sheppard 

Edited by SultryKitten
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4 hours ago, Crimson.gold said:

Exactly. I didn't say I didn't claim my taxes. I just wanna know how to get a landlord to keep renting to me

I faked pay stubs at my place. I had a friend with an LLC and a tax ID and they were my "employer". They best proof of income for people in our position is to use bank statements. Make regular deposits so you can show you're making money. When you're dealing with a landlord they really don't care where your cash comes from as long as you have it.

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7 hours ago, Bit Banger said:

Right 😏 How insulting!

I noticed you providing lots of ideas, too. And talk about bringing rates into threads...

I did provide ideas. This is just another example of why ladies need their own space. You guys make it about taxes and totally disregard actual experience and misunderstand the advice that's actually needed.

I brought rates into thread to prove a point, I didn't ask anyone to lower theirs. I know you can see the difference, even though I know how much you like asking for discounts ;) . Suggesting that someone just do their taxes is flip. It's not helpful and it lacks understanding of your average sex worker experience. Which is hand to mouth trying to make all their bills on time.

When I have a government that accepts what I do I will pay taxes. Until then Uncle Sam can suck it. You can establish a business and pay but you're still funneling dirty money. You can file your taxes as zero, you can live off "gifts" and not pay taxes. And what are we living off of of not gifts?

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9 minutes ago, Lucy Kitten said:

And what are we living off of of not gifts?

I wonder? Can I deduct the gifts I gave last year? There was more than one :rolleyes:

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Ladies there is no shame in not paying your taxes. Why these guys even care is beyond me. You're not evading taxes if your income isn't legal. You're not evading taxes when the government thinks that this isn't a real job.

Kudos to the ladies who do but to the ladies who don't, don't feel bad. It's not easy, it's scary and we don't always have the money. And remember there are ways to do things like renting without filing taxes. If your planning on doing this for the long haul paying taxes is a good idea but if you can't you can't.

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1 hour ago, Lucy Kitten said:

You're not evading taxes if your income isn't legal. You're not evading taxes when the government thinks that this isn't a real job.

lol  wanna bet?  the irs doesn't give two shits what the source of the income is, all they care is that they get their share.  my brother worked as an irs auditor and he told me you could literally write "drug dealer" as your occupation and it wouldn't raise any flags as long as your numbers were reasonable.

I don't care if you ladies pay taxes or not, but if you aren't, you are absolutely breaking the law.  sorry

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I just asked a question..  we are adults. I never mentioned taxes. There's a lot of things in life that we break the law with. No one mentioned a darn thing bout paying taxes or not paying them. The issue is i need to prove income n i wanted to know how other PROVIDERS do it. Thanks for all who supported me. N Grow up to the others who have to tell us ladies how to live our life. 

Edited by Crimson.gold
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