If you work sports year round, or if you have another job where you are an independent contractor, ask your tax professional about incorporating. All my referee income is run through my family-owned S corp. It really is an advantage. I have a CPA do my personal and business taxes each year so I have to keep accurate records. I keep a fairly simple set of Excel spreadsheets and it's not a hassle at all.
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Yom HaShoah
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