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]

[+ 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.

[+ 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!!