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BTW, I was wondering when this topic would surface :D
-Josh |
Thanks Josh, that was a very helpful post.
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He keeps me out of trouble |
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-Josh |
My tax guy suggested also deducting my cell phone as a business phone. I purchased a GPS devise last year as well for getting to games and put that in as a deduction for expenses.
Lots of officials in the area do not record any income from games for taxes. I would not be to worried about those of us that may do it incorrectly. We can always point the finger to those who don't do it at all. I have listed my income and expenses for taxes 7 years now. It seems to work. |
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Isn't all this money reportable on federal taxes as part of your total income, and also on the social security schedule F (??)where you have to pay the full 15% social security and medicare part?? Also isn't this reportable on state taxes and local taxes including having to fill out quarterly income tax papers that go with this income since you are essentially an independent contractor for your services?
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I've had some seriously veteran officials who do mostly park district, kid travel games, etc. actually say they'll stop doing games for a certain entity for a while if they're approaching a $600 threshhold for the year (at least I think that was the figure he used).
Seemed to imply one only had to declare if he or she made more than $600 in a given year. Does this sound familiar? |
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So stay short of $600, no 1099, no declaration, no worries? Something tells me that's assuming too much but what do the men and women (who no doubt would like to preserve as much of their sweated out equity from this business as possible) have to say?
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Ran across an interesting "article" the other day while I was putting together an improved spreadsheet for my taxes (for next year).
http://nuaumpiresusa.org/libitems/NUA_Tax.pdf I agree with most every deduction on there but the following two: "Meals between games of doubleheaders" and "Meals between work and evening game". Does anyone agree or disagree with these two deductions? -Josh |
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