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jdmara Tue Apr 07, 2009 02:35pm

BTW, I was wondering when this topic would surface :D

-Josh

bbcof83 Tue Apr 07, 2009 02:54pm

Thanks Josh, that was a very helpful post.

Mark Padgett Tue Apr 07, 2009 03:19pm

Quote:

Originally Posted by jdmara (Post 594662)
As someone stated perviously

Freudian slip? :D

FBullock Tue Apr 07, 2009 03:29pm

Quote:

Originally Posted by bbcof83 (Post 594644)
OK, thanks for the input guys. So I only have to claim my net income, meaning my revenue minus my expenses? What is the mileage rate given by the IRS? Also, can anyone confirm it's ok to claim camp expenses (fees, hotels, mileage, etc)?

I'm not a CPA (but I did stay at a Holiday Inn Express) but my accountant deducts all those things. There are some special rules on meals and what you can deduct, if you stayed overnight, etc. I keep a log sheet in my planner and transfer it to an Excel spreadsheet and e-mail it to my account. He likes that because he can sort it, etc. and the number total them selves. It also helps that my account was the H on my Div III football crew for about 5 years.

He keeps me out of trouble

mbyron Tue Apr 07, 2009 04:12pm

Quote:

Originally Posted by Mark T. DeNucci, Sr. (Post 594647)
mbyron:

How did you carry over a loss on a Schedule C from one year to the next? That is a new one to me.

MTD, Sr.

Hmm, I might be thinking of local tax, which is freshest in my mind. Never mind that part... :o

jdmara Tue Apr 07, 2009 05:00pm

Quote:

Originally Posted by Mark Padgett (Post 594672)
Freudian slip? :D

Wow...That was...Good catch

-Josh

EIA REF Thu Apr 09, 2009 12:46pm

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.

Camron Rust Thu Apr 09, 2009 06:16pm

Quote:

Originally Posted by EIA REF (Post 594992)
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.

You can certainly do that, but the IRS will expect you to be writing a check with the other 9 fingers.

tballump Thu Apr 09, 2009 07:22pm

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?

Amesman Thu Apr 09, 2009 10:23pm

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?

just another ref Fri Apr 10, 2009 02:28am

Quote:

Originally Posted by Amesman (Post 595064)
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?

You get $600 from one place, they send you a 1099.

Amesman Fri Apr 10, 2009 07:28am

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?

Raymond Fri Apr 10, 2009 07:44am

Quote:

Originally Posted by Amesman (Post 595104)
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?

It's still reportable. I used to work for a Rec assigner who gave you a 1099 if you made $600 working for him. But he always reminded those of us who didn't get one that is was still our responsibility to claim the income.

mbyron Fri Apr 10, 2009 08:04am

Quote:

Originally Posted by Amesman (Post 595104)
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?

Do they cheat on the field, too?

jdmara Mon Apr 20, 2009 02:01pm

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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