I have a question!? as many suggestions as possible (:

I would be more than willing to have a one-on-one consulting session with you to discuss some guidelines for being a small business owner and legal/tax implications.

My going rate is $185/hr.

yored, when you file an income tax return, when you sign it, there is a box for you to put "Your occupation". you dont have to state whether or not you have a license to perform that occupation.

the IRS might use your occupation as part of a quality check on your return. if you put stockbroker and your income is only $10K, they might look deeper. similarly, if you put "retired" and reported $1M, i'd think they would look deeper.

like bartipero wrote "All they care about is they get estimated tax payments quarterly and the money and your tax return annually when due."

the tax forms and codes can be rather complicated if you're self-employed. at a minimum, you have to decide if you are a "Sole Proprietorship" [schedule C] or an employee of a separate corporation. depending on the type of company you set up, there are all kinds of deductions, credits, and retirement plans available to you. plus, you have to send in estimated payments, file tax returns, etc, etc, etc. not for the faint of heart.

best advice - ask in the powder room how other providers handle their taxes and if they have anyone they recommend. or talk w/ a tax accountant. just dont tell them everything about you :^)

btw, i only charge $100/hr :^) :^) :^) [sorry bluejack70, it's a dog eat dog world out here]


the issue of a license for an occupation is a completely separate thing.
it's mainly determined by the city or state you live in or the US govt. if you want to advertise as an accountant, you might need a license. similarly for plumber, doctor, EMT, etc. some cities require licenses for adult oriented businesses and entertainers.

but if you want to put "entertainer" or "consultant" for IRS occupation, that's cool.

Pm, you are taking the "quid" outta the quid pro quo!!!

Lol

You would blue lol silly boys....I'm gonna have to find this powder room you're speaking of LOL

Also check out the business and legality forums on the national board. I think you may just be asking the wrong question. Having an escort license and knowing the legal way for an escort to file taxes are two seperate things.

Sorry, didn't intend for it to be ii know it's kind of an up in the air topic lol...ii just was curious as to what everyone thought on the matter. Originally Posted by yored89

In Ancient Rome prostitution was legal and licenses were issued. The tax collected was enormous.

Do you want to may more taxes than the average person. I think not.

You own your body, it does not belong to someone else, or the government. I see a lot of ladies in their showcase say no AA men. That is their option today, with a license they would be required to serve anyone.

JR

So if you're a small business owner...don't you need a license for that also? If you have a dependent that you file on do you continue to file on them if you weren't to bother with the irs stuff? Do you need receipts for business transactions and are clients really gonna care about them? I think ii need to call a tax place lol Originally Posted by yored89

Look at the schedule C for self employed small business. You can use it to declare gross income minus expenses (including car mileage which you have to keep a log book for business and personal) and the net income which your tax is calculated on.

An easy thing to do and document the income you show. The only thing the IRS cares about is getting a piece of the action (pun intended). Keep a set of books (or two sets if you want to hide a little bit - but why when you can expense so much).

JR

In Ancient Rome prostitution was legal and licenses were issued. The tax collected was enormous.

Do you want to may more taxes than the average person. I think not.

You own your body, it does not belong to someone else, or the government. I see a lot of ladies in their showcase say no AA men. That is their option today, with a license they would be required to serve anyone.

JR Originally Posted by JRLawrence

Not so
You just can't say I won't serve you because....and give a reason that is NOT protected by law
IE you can list a protected class such as:
-disabled,
female
race
vet status
religion
sexuality
http://en.wikipedia.org/wiki/Protected_class
you can say, no I won't serve you because I don't like your name and that is perfectly legal

I laughed out loud when I read

That is their option today, Originally Posted by JRLawrence

because Im not sure when it wasn't an option, 1600-1800s?(ie slavery)?

if you want to advertise as an accountant, you might need a license. similarly for plumber, doctor, EMT, etc. some cities require licenses for adult oriented businesses and entertainers.

but if you want to put "entertainer" or "consultant" for IRS occupation, that's cool. Originally Posted by pmdelites

I'd pick something so if she ever decides to get more buisness by getting some surgery done at some point, she write off the surgery as a medical deduction for her job as an entertainer/dancer or even a waitress--shes "24", so I'm not saying she needs it at all, but later on she might think some DDs will get her more men, as some of the other Ladies have done.

how much do providers make year?

I really appreciate the advice guys thank you

I would say life coach would be a good fit From what I gather they get exorbitant fees and I never heard of any official training program. Then you could just hand out fortune cookies.

Also check out the business and legality forums on the national board. I think you may just be asking the wrong question. Having an escort license and knowing the legal way for an escort to file taxes are two seperate things. Originally Posted by Gemma34

Absolutely true... licenses are generally issued by a municipality for health and safety reasons, and are another way you get charged with a crime (operating without a license) or creates another way to get you (think - marijuana tax stamp laws... gotta have a stamp to sell green... but who gets a stamp??? not many beyond collecters of tax stamps).

Taxes are collected at every level of government. You not only have to think of Federal Taxes, but states as well... do you travel? That's income in different states...

As for suggestion you call yourself something else. Money laundering is bad news these days.

Be well, and be safe. If you don't have an attorney on retainer to answer these types of things, find one in your area. The powder room would have plenty of suggestions there!

Happy Friday!

Not so

you can say, no I won't serve you because I don't like your name and that is perfectly legal
Originally Posted by bigcockpussylicker

What?

I remember the 1050's and the little sign in the corner cafe that said: "we reserve the right to refuse service to anyone". You saw them everywhere.

Do you see them today? No! Because it is illegal to refuse service for anyone for hotels, cafe or other business that offer services to the public.

I have told a couple of lawyers that their cost for my expert services would be $8,000 up front cash, and that checks were not acceptable. I didn't want their business, or wait several years to be paid while the case lingered in the court system.

Did I discriminate? No, my services are only open to a limited clientele. I don't have to accept new clients.

JR

You can still refuse service to anyone as long as the reason is not discriminatory.

Thus made me think of a sign I just saw- "Men: No shirt, no service. Women: No shirt, free drinks."

What?

I remember the 1050's and the little sign in the corner cafe that said: "we reserve the right to refuse service to anyone". You saw them everywhere.

Do you see them today? No! Because it is illegal to refuse service for anyone for hotels, cafe or other business that offer services to the public. Originally Posted by JRLawrence

incorrect

You can still refuse service to anyone as long as the reason is not discriminatory. Originally Posted by BigMikeinKC

correct,that's whY I said you can tell someone you won't serve them because they smell, NOT because of a protected status"
: as I said

Not so
You just can't say I won't serve you because....and give a reason that is NOT protected by law
IE you can list a protected class such as:
-disabled,
female
race
vet status
religion
sexuality
http://en.wikipedia.org/wiki/Protected_class
you can say, no I won't serve you because I don't like your name and that is perfectly legal
Originally Posted by bigcockpussylicker