Quote:
Originally Posted by SD Referee
Do you think the IRS is one bit worried about some guys not paying taxes on their reffing money? I have first hand experience in the business and guys like us are not even on their radar. They are worried about big money people and people that have multiple income categories and expense categories that they use to fudge numbers.
You can talk about morals all you want, audit exposure, integrity, and the like. The bottom line is that, yes, the money is income and is supposed to be reported but a bigger number of refs don't report it than do.
Questioning somebody's ability or integrity as an official in correlation to what they do with their taxes is an extreme position to take. Are you reporting every dime of income that you take in during the year? I still haven't heard from those of you that win at fantasy sports. That is supposed to be reported too. Are you guys doing that?
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My city treasurer most definitely cares about income from officiating and other independent contracting jobs. I have the letters to prove it.
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