Quote:
Originally Posted by Camron Rust
Why does a 1099 stink? You owe the taxes on your income even if you don't get a 1099. Or are you saying you cheat on your taxes whenever you don't get a 1099?
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You know that's exactly what he's saying. I wonder what percentage of officials don't bother claiming this income on their taxes.
I don't get a 1099 from more than a handful of places (where I'm poaid centrally and make over $600 a year), but I keep track very carefully of all my officiating income and faithfully fill out my Schedule C every year. By the time I factor in allowable deductions, I barely make anything. But if I ever get audited, I have everything documented.