Tax deductions?

Is the cost of a boob job tax deductible?
Would a teddy from Victoria Secret be considered a business uniform?
Of course condoms and lube would be an ordinary and necessary business expense for the production of income.
How do you report tip income?

Thincking of a career change?

..... Of course condoms and lube would be an ordinary and necessary business expense for the production of income. Originally Posted by Bestman200600

Deductions are not allowed for income that is illegal. Unfortunately, revenue generated from services that require condoms and lube is not legal. Remember, all of the escorts here charge for time, nothing that requires condoms or lube.

KY Wrestling is not illegal.

Party "balloons" aren't either. How is the IRS going to determine the usage of "jokes"?

Deductions are not allowed for income that is illegal. Unfortunately, revenue generated from services that require condoms and lube is not legal. Remember, all of the escorts here charge for time, nothing that requires condoms or lube. Originally Posted by Lust4xxxLife

Bingo!

So what would the tax break be for a sugar baby?

If you own a business, what you do is get one of your vendors to put her on the payroll as an independent contractor. The vendor pays her and invoices your company for her time. She has to get a 1099 at the end of the year, but maybe you can inflate her rate to make up for the tax bite.

Don't ask how I know about this.

I have been claiming my little friend down there as a dependant for years....I mean he does have a mind of his own and cost me a small fortune in providers.

:-)

So what would the tax break be for a sugar baby? Originally Posted by AndyWylde

Those can be claimed as a dependent...oh....wait...maybe that's for a real baby...damn...I need to call my accountant and do an amended return

Yes, business supplies and home office deduction.