what do i file taxes as? how would i file taxes on this money i make? Originally Posted by Alexxxiana AzulThe IRS doesn't need to know nor care how you made your money. You're self employed in the leisure industry (or leave the occupation field blank that's fine too).
The IRS doesn't need to know nor care how you made your money. You're self employed in the leisure industry (or leave the occupation field blank that's fine too).
Follow the same guidelines any other self employed person follows and you'll be fine.
Hire a CPA to assist you and be forthcoming with them that you're an escort. Escorting is not illegal and they will advise you on how to file and, more importantly, how to be fastidious with record keeping so you can deduct expenses and make it through an audit should one occur.
Don't try to take yourself off the grid and not file taxes, that's incredibly short sighted and foolish. Originally Posted by SpiceItUp
Spice it up is correct. A lot of ladies use the word "stripper" when Identifying their place of employment. They don't care what you do as long as they get their money.Not true.
Juliette Originally Posted by Gfe Juliette
The question was as follows:
what do i file taxes as? how would i file taxes on this money i make?
This was the response that I agreed to:
The IRS doesn't need to know nor care how you made your money. You're self employed in the leisure industry (or leave the occupation field blank that's fine too).
Follow the same guidelines any other self employed person follows and you'll be fine.
I never said you would not get audited nor how it will affect your DIF score because that is not what she asked about (re-read her question). I simply stated that a lot of ladies put their occupation as a stripper. As long as they are paying the correct amount of taxes that is due just as anyone else with a "real job," they won't have anything to worry about if they do get audited. Will they? As with any job you have, there is a chance you will be audited and your DIF score can change. However; that has nothing to do with the question that was asked.
Your choice of occupation does make a difference as it will affect your tax return's DIF score, how your return gets selected for audit, and what items of income or deductions are deemed worthy of audit scrutiny. Originally Posted by Gfe Juliette