tabu tiki night - now it can be told! - Other Events

A aquarj Tiki Socialite SF bay area, CA Joined: Apr 02, 2002 Posts: 1125	A aquarj Posted posted on Thu, Aug 4, 2005 1:01 PM Hey JT, This might not be exactly what you wanna hear, but even if you have to report the "income" you eventually got out of them, you can also report your expenses as deductions against that income. It's a pain to have to fill out the extra tax form stuff, but hopefully the income numbers would actually work out to be more accurate as far as what you ended up with after expenses. Course dragging their feet with payment and all that is totally inexcusable though. But it's actually pretty normal for them to treat you as a contractor. They're gonna want to deduct their payment to you as an expense on their books too. The IRS deserves all our thanks for these extra pleasures. -Randy

Hey JT,
This might not be exactly what you wanna hear, but even if you have to report the "income" you eventually got out of them, you can also report your expenses as deductions against that income. It's a pain to have to fill out the extra tax form stuff, but hopefully the income numbers would actually work out to be more accurate as far as what you ended up with after expenses.

Course dragging their feet with payment and all that is totally inexcusable though. But it's actually pretty normal for them to treat you as a contractor. They're gonna want to deduct their payment to you as an expense on their books too. The IRS deserves all our thanks for these extra pleasures.

-Randy

Post #177347 by aquarj on Thu, Aug 4, 2005 1:01 PM