It's the law: Athletic officials need a license to call

[3SPORT]

My father in law told me about this happening in San Diego, CA.

Check this story out.

SignOnSanDiego.com > Sports > High Schools -- It's the law: Athletic officials need a license to call

[26 Year Gap]

How about licensing fans who think they are officials?

[co2ice]

Is'nt it amazing how difficult times on cities brings down the heavy hand of government, This is ridiculous, however I would'nt put it passed my city or even my state to try............

[BillyMac]

"Officials make anywhere from $46 (girls varsity water polo)".

Do you have to know how to swim to officiate? I'm not a great swimmer. I'm not drowning for $46.

[Mark Padgett]

Actually, it doesn't bother me at all. I have an S-corp and all my referee income is paid to the corporation. I pay a state corporations tax and a city home occupation permit fee. It's well worth it. If you have quite a bit of referee income, I suggest you speak with your tax professional.

[fullor30]

Originally Posted by co2ice

Is'nt it amazing how difficult times on cities brings down the heavy hand of government, This is ridiculous, however I would'nt put it passed my city or even my state to try............

Get use to more government.

[w_sohl]

Originally Posted by BillyMac

"Officials make anywhere from $46 (girls varsity water polo)".

Do you have to know how to swim to officiate? I'm not a great swimmer. I'm not drowning for $46.

Don't officiate it but know people who do. You walk along the edge of the pool.

Didn't you watch any Water Polo in the Olympics?

[BillyMac]

Originally Posted by w_sohl

Didn't you watch any Water Polo in the Olympics?

A friend of mine is a big supporter of the ASPCA, the Humane Society, and PETA, and asked me not to watch water polo. He claims that too many horses drown during these contests.

[BillyMac]

Originally Posted by 3SPORT

Athletic officials need a license to call.

If I lived in Southern California, I would be the first in line to get that license to increase my chance of getting a double-0 license number. It wouldn't have to be 007, any double-o number would do. That would give me a license to kill. Would that be cool, or what? During the pregame officials/coaches/captain conference I would get to introduce myself as "Mac, BillyMac".

[26 Year Gap]

Originally Posted by w_sohl

Don't officiate it but know people who do. You walk along the edge of the pool.

Didn't you watch any Water Polo in the Olympics?

Billy is afraid someone will push him in after a 'no-call'.

[JugglingReferee]

Originally Posted by 26 Year Gap

Billy is afraid someone will push him in after a 'no-call'.

That would have to be a flagrant technical foul.

Unless he deserved it, of course!

[bob jenkins]

Originally Posted by Mark Padgett

Actually, it doesn't bother me at all. I have an S-corp and all my referee income is paid to the corporation. I pay a state corporations tax and a city home occupation permit fee. It's well worth it. If you have quite a bit of referee income, I suggest you speak with your tax professional.

Can you provide some more details? What income can you defer / expenses can you take under the S-Corp that you can't take on schedule C?

[Skarecrow]

I have had a S Corp for years, and really the only real benefit I find is maybe some protection via the corporation from personal losses should there be a suit of any kind....I have to pay employer's share of W-2 taxes, Withholdings, Medicare, FICA...all of the normal....as a Schedule C, you have to pay your SE taxes....my accountant tells me there is a substantial savings to the S Corp, but I really haven't seen it....I THINK!

You need a good interview with your tax man to decide what to do...I keep thinking of going back to the Schedule C, but I do like it that he does my books....

[jdw3018]

Originally Posted by Skarecrow

I have had a S Corp for years, and really the only real benefit I find is maybe some protection via the corporation from personal losses should there be a suit of any kind....I have to pay employer's share of W-2 taxes, Withholdings, Medicare, FICA...all of the normal....as a Schedule C, you have to pay your SE taxes....my accountant tells me there is a substantial savings to the S Corp, but I really haven't seen it....I THINK!

You need a good interview with your tax man to decide what to do...I keep thinking of going back to the Schedule C, but I do like it that he does my books....

With an S-Corp you have to pay yourself a salary, and the taxes on that is no different than the taxes for a sole proprietorship (I mean, they're different, but they add up to the same amount in bottom line terms to you).

However, with an S-Corp you don't have to take your entire income as salary, and any income taken at the end of the year beyond that salary is treated as a dividend and taxed as such. That's where the savings come in.

In my opinion, to take advantage of the S-Corp (which includes additional fees and is a more complicated filing process) you have to have a decent amount of income. But it definitely pays to consult your accountant.

[bob jenkins]

Originally Posted by jdw3018

With an S-Corp you have to pay yourself a salary, and the taxes on that is no different than the taxes for a sole proprietorship (I mean, they're different, but they add up to the same amount in bottom line terms to you).

However, with an S-Corp you don't have to take your entire income as salary, and any income taken at the end of the year beyond that salary is treated as a dividend and taxed as such. That's where the savings come in.

In my opinion, to take advantage of the S-Corp (which includes additional fees and is a more complicated filing process) you have to have a decent amount of income. But it definitely pays to consult your accountant.

But, dividends are taxed at the same rate as earned income, I think.