Jomo Posted July 13, 2017 Posted July 13, 2017 I provide a service but not an escort here Gotcha I tried to 1099 my trainer. My c p a wouldn't let me. I'm an s corp, so I try to write off as much as possible I have written off escort dinners and other fun excursions, tho
MaxMuscle9x6 Posted July 13, 2017 Posted July 13, 2017 WOW - my response It really surprises me that they can work so much one day (4*2 = 8 hours only for work, preparation not included) I said on average, not all.
MaxMuscle9x6 Posted July 13, 2017 Posted July 13, 2017 @MaxMuscle9x6: Your post concerns me. The only safe response I can make is that I hope your spouse is properly reporting income. I guess I should thank you for your concern, but for what i am not clear on. Also my husband left the business several years ago and we live quite well with my earnings.........which are 100% taxable and impossible to hide from the IRS.
+ not2rowdy Posted July 13, 2017 Posted July 13, 2017 If memory serves me correctly it seems that in a previous thread on income and taxes someone mentioned they worked (or previously worked) for the IRS. I was reading the between the lines of what you posted about someone else (your spouse). Maybe a bit too much personal info there.
+ quoththeraven Posted July 13, 2017 Posted July 13, 2017 Im not so sure youre correct in interpretation of attitude. I'm comfortable that most IRS agents dont care what you call it. But this country is changing. There are conservative, fundamentalist forces at play..... and a level of top-down policy imposition on agencies not seen in decades. Stated differently, I wouldnt be at all surprised to learn that the current conservative administration has agencies on the lookout for evidence of criminal behavior that, if thwarted, helps in demonstrating to their base that they're acting in support of their values. Because of President Nixon, there are restrictions on what the IRS can share, with whom, and why. Non-compliance with those restrictions is criminal and subject to prosecution. I don't know what's happened recently, but there have been prosecutions because of unauthorized disclosures and unauthorized uses of tax information. (To be clear, I'm referring to the same Section 6103 as @Kevin Slater. And a long time ago in a galaxy far away, I worked for the Office of Chief Counsel to the IRS, but I haven't worked there since 1987.)
KennF Posted July 13, 2017 Posted July 13, 2017 Here are some occupations that may assist you: 13-1011 Agents and Business Managers of Artists, Performers, and Athletes 21-1093 Assistants, Human Service 27-1019 Artists, All Other 27-2031 Dance Artists 27-2099 Entertainers and Performers, All Other 39-9000 Other Personal Care and Service Workers 39-9021 Companions, Elderly 39-9021 Aides, Personal Care 39-9031 Fitness Trainers and Aerobics Instructors 39-9090 Miscellaneous Personal Care and Service Workers 39-9099 Personal Care and Service Workers, All Other 41-3099 Business Services Sales Representatives 41-9011 Demonstrators and Product Promoters 41-9012 Models Since most of this is going to be reported as business (either an LLC, partnership, or sole-proprietorship) or as a Schedule C personal business (where W2's are not relevant), the 1099's are not at issue. It is more of a problem when you have income less than the 1099-MSC's reported by the payers. Then it is likely to trigger an audit flag.
MaxMuscle9x6 Posted July 13, 2017 Posted July 13, 2017 If memory serves me correctly it seems that in a previous thread on income and taxes someone mentioned they worked (or previously worked) for the IRS. I was reading the between the lines of what you posted about someone else (your spouse). Maybe a bit too much personal info there. Thx not2rowdy and good point. Unless someone knows my real identity on here, I would think the risk is minimal.
+ BenjaminNicholas Posted July 13, 2017 Posted July 13, 2017 Don't fuck with the IRS. They win 99.9% of the time. Except if you're Scientology... Then they roll over like a needy puppy
+ Tarte Gogo Posted July 22, 2017 Posted July 22, 2017 Norway: The country where no salaries are secret: http://www.bbc.co.uk/news/magazine-40669239
Cyd_StVincent Posted July 22, 2017 Posted July 22, 2017 Well I have a general idea. And while I understand the "it depends" qualifier, let's try it this way Variable inputs: City: New York Avg hourly fee: 300/In call Avg client time : 2 hours Avg # of clients per day: 4 # of days worked/week 6 # of weeks worked/year: 42 Total tax free Cash earned: 604,800 How much do,they keep: depends on spending habits and remember, they cannot invest it, deposit it in a bank, etc if they don't want to report it to the IRS. You can agree or disagree with the variable inputs, but I met and married an escort and the numbers aren't far off. I'm gonna go out on a limb here and say this sounds far from the norm - for starters the hourly fee is only 300 in NYC for very high end escorts. Also, I don't know any escorts that are with clients an average of 8 hours a day 6 days a week, including cis women who work at brothels. Your husband must have been a unique fellow. As someone who knows hundreds of escorts all over the gender spectrum I'm gonna say I know very few who bank more than 100K a year and most are quite significantly less.
MaxMuscle9x6 Posted July 23, 2017 Posted July 23, 2017 I'm gonna go out on a limb here and say this sounds far from the norm - for starters the hourly fee is only 300 in NYC for very high end escorts. Also, I don't know any escorts that are with clients an average of 8 hours a day 6 days a week, including cis women who work at brothels. Your husband must have been a unique fellow. As someone who knows hundreds of escorts all over the gender spectrum I'm gonna say I know very few who bank more than 100K a year and most are quite significantly less. That's why at the very top it says "Variable Inputs". They will vary based on every person.
Cyd_StVincent Posted July 25, 2017 Posted July 25, 2017 That's why at the very top it says "Variable Inputs". They will vary based on every person. I understand - I guess I just don't want clients to think most escorts are making 600,000 dollars a year, I think it's important for them to understand that. There is a lot of mystique about millionaire porn stars and escorts who live on diet of fine cheese and trips to Italy and tbh its still generally a middle class/working class pay scale job.
+ Kufrol Posted July 25, 2017 Posted July 25, 2017 I understand - I guess I just don't want clients to think most escorts are making 600,000 dollars a year, I think it's important for them to understand that. There is a lot of mystique about millionaire porn stars and escorts who live on diet of fine cheese and trips to Italy and tbh its still generally a middle class/working class pay scale job. Also, from what I understand, it often becomes a feast or famine schedule. Clients are mercurial, seasonal, and are often fickle. Unless one can establish and maintain a rainy day fund. replenishing it when it gets drained, escorts don't always have the most steady stream of income.
+ glutes Posted July 25, 2017 Posted July 25, 2017 http://blog.sfgate.com/morford/files/2015/02/funny-candy-heart.jpg
njr47 Posted September 28, 2017 Posted September 28, 2017 Was that Norway? I think they have laws in Norway where your tax return is public, whoever you are. The tax return of every citizen in Norway is not only a public record, but can also usually be found online. Until the internet took over, one of the most profitable magazines in Norway annually published the tax returns (ergo income, plus inherited monies) for the 100 or so richest people in Norway. Concepts of privacy never seemed to be important for Norwegians when it came to tax information.
jjkrkwood Posted September 28, 2017 Posted September 28, 2017 This question keeps resurfacing, and I still think it's INTRUSUVE.....
+ quoththeraven Posted September 28, 2017 Posted September 28, 2017 I think it's a result of natural curiosity. Information is a good thing because it diminishes unrealistic expectations and envy.
+ Tarte Gogo Posted September 28, 2017 Posted September 28, 2017 This question keeps resurfacing, and I still think it's INTRUSUVE..... I feel somehow like you (although probably less as I was not raised in America) but certainly you should feel completely free to ignore the question and don't answer, that is totally fine.
+ BenjaminNicholas Posted September 28, 2017 Posted September 28, 2017 This question keeps resurfacing, and I still think it's INTRUSUVE..... It keeps resurfacing from various screen names in a short amount of time. That's a little suspect to me.
TruthBTold Posted September 28, 2017 Posted September 28, 2017 In a way your income tax payment is a duty you owe the government and it should be transparent that you performed that duty as you should have. I think it is the same thing as there generally is a transparent way to to find out whether citizens pay that which is due for licenses, etc..
ChristianCronin Posted September 28, 2017 Posted September 28, 2017 I don't really see the apprehension to discussing pay. Maybe I'm weird. For me, it depends! I do personal training and freelance piano jobs and whatever I make from escorting is savings/investment. The purpose of that statement is to say that nobody is breaking down my door to make an appointment, nor am I able to see a million clients anyway. At the absolute most, I'll see two or three clients a week. Sometimes it's one in a week and I'm okay with that. I estimate that I make $15-$20K a year from escorting. Maybe I should raise my prices....
jjkrkwood Posted September 28, 2017 Posted September 28, 2017 It keeps resurfacing from various screen names in a short amount of time. That's a little suspect to me. Well there's a troublemaker in every bunch.... People always thought it was ME !
+ quoththeraven Posted September 29, 2017 Posted September 29, 2017 There is no good way to work toward narrowing income inequality without transparency and greater knowledge of what people earn. A lack of transparency also helps mask unlawful discrimination in pay. If your pay is equitable, it shouldn't be a problem for others where you work to know in what range it falls. And there are already those whose pay is public knowledge by law.
+ freecahill1965 Posted September 30, 2017 Posted September 30, 2017 If that someone you know were not taken, I would be asking him to marry me. I always wanted a husband who makes more money than I do. I would take a husband or a wife I am not that picky.
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