What can escorts and masseurs write-off?

[marylander1940]

What can escorts and masseurs write-off?

[marylander1940]

On 12/3/2023 at 2:35 PM, Daniel84 said:

I actually deposit all of my money I make into my business accounts and pay taxes. I have tons of write-offs so I don't have to pay that much. I spent on hotels over 25k last year. 

I also have a Roth IRA and stocks ect. 

I love Brazil hence why my husband is Brazilian:-)

You've inspired another thread!

[SirBillybob]

This seems to be a sizeable eligible deduction. Inflation everywhere, right?

Edited December 6, 2023 by SirBillybob

[Guest]

[Simon Suraci]

2 hours ago, SirBillybob said:

Inflation everywhere, right?

^Haha, maybe this was a joke, but seriously the $100 price is due to scarcity since this 20+yr old book is likely out of print, only available second hand. Very few new copies would be stored in attics, basements and warehouses somewhere.

First off, do not take this as tax advice from me. Consult a professional. This is just some notes from my experience.

Escorts - basically nothing. Unless your business is based in rural Nevada where it’s legal, or maybe a few other  jurisdictions elsewhere in the US. Others help me on this point…I know we’ve discussed where it’s legal in other threads.

Since a lot of our incum (typo, but I’m leaving it!) is cash, we can pay many of our expenses tax free with cash directly or by converting cash to another payment method. You have to get creative with some purchases that otherwise would be digital only. Credit cards aren’t the answer to that problem because large sums of money flowing through your bank get flagged and may get your accounts frozen. You want to report a good chunk (if not all of your income) and pay taxes on it to prove income and not raise red flags. Paying unreported cash is the equivalent of a tax break for business expenses if you choose to use that advantage.

Escort expenses are not reportable because many of us work officially on paper as “models”, “coaches”, “actors”, “entertainers/writers/etc category”. You can’t claim your sexy underwear unless it’s a costume for a specific photo shoot or film or what have you - all of which you would have to document in the case of an audit. Gym memberships, cosmetics, clothing, lube, toys, condoms, advertising online (for RentMen etc), and the like are all considered personal expenses, even if they are related to your “official” job and/or escorting. You have to prove how specifically a particular purchase was directly related to a business expense under a legal job category that aligns with the category you claim on your taxes. So no, you can claim almost nothing.

…Maybe as a fans site content creator there is some more wiggle room for toys, lighting, etc but it gets murky. Consult your tax professional.

Maybe your “office” and related expenses like utilities, if you have a dedicated space for your legal on paper business. Or a portion of your home if you work in the same place you live.

Some escorts claim some other entirely unrelated tax code category. That’s all assuming they have done it the proper way, by registering your own business and having a dedicated business account, etc. A lot of guys, especially the youngins are not that sophisticated or knowledgeable, so they do it on the side hoping not to get caught up in legal or tax difficulties. Maybe they only report their day job income.

Law enforcement may care, but the IRS doesn’t care if you escort. They just want their share of the money you willingly or unwillingly report. Fans sites report your earnings, for example and you have to pay taxes on that. Same with digital payment processors. You can report some or all of your own cash earnings - or not.

Venmo and other payment processors report unusual or heavy activity if it’s not registered as a business account. It looks like business activity, so it catches up to you. That all gets reported to the IRS. You have to use a business account and report it. In the past several years the rules changed a lot so escorts who continue with the same business as usual will have a rude awakening when Uncle Sam starts asking questions and asking for his share.

___________

Masseurs can write off quite a few things if they are legally certified/licensed in their jurisdiction and claim their income under the correct IRS tax code category. License/certification requirements vary by state. California, for example, requires nothing, but individual cities in CA have requirements ranging from lax to very strict. Most states require either a certification or license to practice massage.

Many masseurs are not “official” in their jurisdictions, either on the business side of things or being certified, or both. In that case, you have to report another tax category.

Masseurs with everything in order can write off stuff like: equipment, supplies, space rental (or portion of home), continuing education, travel, accommodations, advertising, any regular generic business expenses from stamps to website design…

lots of stuff you can write off as a masseur if you set it up the right way.

[+ BobPS]

A good accountant is worth what he/she charges. 

[SirBillybob]

51 minutes ago, Simon Suraci said:

^Haha, maybe this was a joke, but seriously the $100 price is due to scarcity since this 20+yr old book is likely out of print, only available second hand.

Tee hee, of course the tattless antiquity aspect was not lost on me. That said, in a pinch I’ll accept first or second hand.

[SirBillybob]

42 minutes ago, BobPS said:

A good accountant is worth what he/she charges. 

I went about 10 years ignorant of what eligible expenses I was missing out on claiming, but then had a good tax accountant for two decades. She got me extremely organized and we only met annually for about an hour at tax season, billing me only for that time. 

[SirBillybob]

4 hours ago, Vin_Marco said:

Some would add Superpowers to the list but in your case that jig is up. 

Edited December 7, 2023 by SirBillybob

[Beancounter]

It is absolutely deductible but you’ll need a receipt to back up your deduction. 

[+ BenjaminNicholas]

16 hours ago, SirBillybob said:

This seems to be a sizeable eligible deduction. Inflation everywhere, right?

Although now dated in parts, Aaron's book should be required reading for every working guy.

And it's expensive, as Simon mentioned, because it's no longer in print and copies are hard to find.

Consider it like a first-edition Gatsby for hookers  

I have several copies floating around my bookshelves.  

[pubic_assistance]

21 hours ago, Simon Suraci said:

Masseurs with everything in order can write off stuff like: equipment, supplies, space rental (or portion of home), continuing education, travel, accommodations, advertising, any regular generic business expenses from stamps to website design…

Seems to me getting accreditation as a masseur, whether you work as an ACTUAL masseur or as a sex-worker is a good pathway to financial responsibility.

[marylander1940]

7 minutes ago, pubic_assistance said:

Seems to me getting accreditation as a masseur, whether you work as an ACTUAL masseur or as a sex-worker is a good pathway to financial responsibility.

Great point!

I also know a now retired escort who claimed his income was because of being a personal trainer and always getting paid in cash. 

Thank God he never got audited...

[pubic_assistance]

Just now, marylander1940 said:

Thank God he never got audited...

To my knowledge, an "audit" doesn't pry too deeply into your business as long all your record-keeping is spotless.

[Simon Suraci]

Auditing is concerned with what you’re trying to save in taxes and/or fraud or laundering. If you can’t substantiate your write-offs, you’re in trouble.

There’s nothing wrong with getting paid mostly or entirely in cash as long as you report it on the appropriate form.

[SirBillybob]

9 hours ago, BenjaminNicholas said:

Although now dated in parts, Aaron's book should be required reading for every working guy.

And it's expensive, as Simon mentioned, because it's no longer in print and copies are hard to find.

Consider it like a first-edition Gatsby for hookers  

I have several copies floating around my bookshelves.  

May we all have a similarly great portfolio in our hands. 

[marylander1940]

1 hour ago, BonVivant said:

The IRS has a different opinion. 

 

1 hour ago, Vegas_Millennial said:

I guess it would depend on if their income is exempt from Social Security per their type of visa (for example, agricultural worker or university research assistant), and if you pay them while they are on the job (bent over in the field as an agricultural worker, or meeting a client in their dorm at the University). 😆

All the providers say the always pay their taxes, and we take their word as valid.

 

[KrisParr]

eBay has one for $113.95;  whatever became of Aaron?

[BonVivant]

On 1/28/2024 at 3:46 PM, marylander1940 said:

 

All the providers say the always pay their taxes, and we take their word as valid.

 

Cause we ain’t the Tax Man. None of our bizness. 
 

Abolish the IRS!!