|
Officiating and Making Money
Perhaps you should consult a tax attorney or business consultant. As an "Independent Contractor", you can be in business for yourself and ultimately deduct any "losses" from income from other sources . . . thus avoiding paying taxes on that other income. Assuming you make at least $30,000 from other sources, your "officiating business" can actually end up saving you the equivalent of what taxes you owe.
You don't have that "luxury" if you treat umpiring as a hobby.
Jerry
|