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  #1 (permalink)  
Old Tue Apr 07, 2009, 07:06am
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I think you can deduct massages.
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  #2 (permalink)  
Old Tue Apr 07, 2009, 08:32am
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Quote:
Originally Posted by Indianaref View Post
I think you can deduct massages.

But only if it does NOT have a happy ending, .

MTD, Sr.
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  #3 (permalink)  
Old Tue Apr 07, 2009, 08:53am
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Originally Posted by Mark T. DeNucci, Sr. View Post
But only if it does NOT have a happy ending, .

MTD, Sr.
But only if she is wear a blue dress.
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  #4 (permalink)  
Old Tue Apr 07, 2009, 11:43am
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Quote:
Originally Posted by Indianaref View Post
I think you can deduct massages.
That's why I got Bambi a federal tax ID number.

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  #5 (permalink)  
Old Tue Apr 07, 2009, 11:55am
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I am pretty new to all of this. First post, have been reading for a few months.

So next year I need to claim the income on my taxes from each different school/district? Even though I only made like $1000 from games in 2009? Could the IRS audit me for this if I don't? How would the IRS even know if I made less than a couple hundred bucks at any given school and the school didn't report it?
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  #6 (permalink)  
Old Tue Apr 07, 2009, 12:35pm
Ref Ump Welsch
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The schools report everything, so it's a safe bet to report any income, especially if you filled out any paperwork, i.e. payment voucher, contract, or W-9.
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Old Tue Apr 07, 2009, 12:36pm
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Originally Posted by bbcof83 View Post
I am pretty new to all of this. First post, have been reading for a few months.

So next year I need to claim the income on my taxes from each different school/district? Even though I only made like $1000 from games in 2009? Could the IRS audit me for this if I don't? How would the IRS even know if I made less than a couple hundred bucks at any given school and the school didn't report it?
Yes, yes and yes. As to your final question, do you really want to take the chance of winding up at Gitmo?
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  #8 (permalink)  
Old Tue Apr 07, 2009, 12:51pm
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Originally Posted by bbcof83 View Post
How would the IRS even know if I made less than a couple hundred bucks at any given school and the school didn't report it?
That's not really the question. The question is: are you OK with losing your license and never officiating again after you're convicted of felony tax evasion?

I made $8K+ officiating last year, reported all of it, and reported net income of $487 (after expenses). In 2007 I had a $900 loss, which carried over, so I'm paying no tax on my 2008 income.

If I were, the tax on that couldn't be more than $200, no matter what my bracket. If I were college-aged, the tax would probably be $0-$100. Fewer than 4 game fees, big whoop.

The risk/benefit ratio for not paying is very bad, IMO.
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  #9 (permalink)  
Old Tue Apr 07, 2009, 12:57pm
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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)?
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  #10 (permalink)  
Old Tue Apr 07, 2009, 02:34pm
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Quote:
Originally Posted by bbcof83 View Post
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)?
Post #19 Tax write offs The schedule C form is what needs to be filled out. Most tax programs do a fairly good job of walking you through it however. It must be noted (unless otherwise stated) that we are not tax accountants and we can't be held labile for audits here on the forum The easiest way I found it to be done is take it to a tax professional the first year. Then every year thereafter I just use that year's as a template on how to fill out the form. MTD Sr. did a great breakdown of everything in the link from last year (Thanks Mark)

As someone stated perviously, you must include ALL game fees as income. To my knowledge (or at least here in Iowa) all school report EVERY expense. They do that because they are audited every year. So if I wanted to know how much I made from a particular school, I can go on their public records website and find out through their spreadsheet. It's not worth it to get audited.

Here are the records I keep on my palm pilot (used a paper calendar before I got my palm): Contest information (site, schools, partner), round trip mileage, amount paid (contest and mileage fees), Paid or not paid, and other expenses. I also keep camp fees, hotel fees, food for overnight stays, insurance fees, licensing fees, etc as well on my palm pilot. These can all be included (see your local tax preparer for clarification). Periodically, I go through my calendar and make a handy spreadsheet for everything. Then when tax time comes around I have it all in one place.

My $0.02.

-Josh
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  #11 (permalink)  
Old Tue Apr 07, 2009, 02:35pm
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BTW, I was wondering when this topic would surface

-Josh
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  #12 (permalink)  
Old Tue Apr 07, 2009, 02:54pm
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Thanks Josh, that was a very helpful post.
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  #13 (permalink)  
Old Tue Apr 07, 2009, 03:19pm
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Originally Posted by jdmara View Post
As someone stated perviously
Freudian slip?
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  #14 (permalink)  
Old Tue Apr 07, 2009, 03:29pm
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Originally Posted by bbcof83 View Post
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
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  #15 (permalink)  
Old Tue Apr 07, 2009, 01:02pm
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Originally Posted by mbyron View Post
That's not really the question. The question is: are you OK with losing your license and never officiating again after you're convicted of felony tax evasion?

I made $8K+ officiating last year, reported all of it, and reported net income of $487 (after expenses). In 2007 I had a $900 loss, which carried over, so I'm paying no tax on my 2008 income.

If I were, the tax on that couldn't be more than $200, no matter what my bracket. If I were college-aged, the tax would probably be $0-$100. Fewer than 4 game fees, big whoop.

The risk/benefit ratio for not paying is very bad, IMO.

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.
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Wood Co. (Bowling Green, Ohio) Bkb. Off. Assn.
Ohio Assn. of Basketball Officials
International Assn. of Approved Bkb. Officials
Ohio High School Athletic Association
Toledo, Ohio
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