Thread: The IRS And You
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Old Thu Oct 25, 2007, 04:51pm
lawump lawump is offline
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Join Date: Aug 2005
Location: Columbia, SC
Posts: 605
Sure...if you don't get a 1099 (because you only made $590) you can go ahead and not report it and you'll be fine...unless you're randomly selected for an audit...or your association is...then you'll be in trouble. The odds of being randomly selected for an audit are low...but why risk it? Especially when you CAN claim deductions, etc. for your "business".

Yes, I report EVERY dollar I make every year. I keep a log listing every game I contract to work, whether I actually worked the game and how much I was paid. Likewise, I also keep track of my expenses (read: receipts).

I'm not a TAX attorney, but, failure to report income is a crime than CAN and DOES result in jail time...in addition to fines, high interest rates on amounts owed, etc.

If you don't believe me...ask some NBA refs from the beginning of the decade.

Frankly, a sports officials' honesty should be beyond question. Failing to report income is dishonest behavior. I'm not surprised that many fail to report income they earn from officiating...but despite my lack of surprise it still saddens me.
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