Quote:
Originally Posted by bbcof83
How would the IRS even know if I made less than a couple hundred bucks at any given school and the school didn't report it?
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That's not really the question. The question is: are you OK with losing your license and never officiating again after you're convicted of felony tax evasion?
I made $8K+ officiating last year, reported all of it, and reported net income of $487 (after expenses). In 2007 I had a $900 loss, which carried over, so I'm paying no tax on my 2008 income.
If I were, the tax on that couldn't be more than $200, no matter what my bracket. If I were college-aged, the tax would probably be $0-$100. Fewer than 4 game fees, big whoop.
The risk/benefit ratio for not paying is very bad, IMO.