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  #1 (permalink)  
Old Fri Jan 20, 2012, 08:44pm
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It's The Most Wonderful Time Of The Year, Not ...

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Originally Posted by amusedofficial View Post
Getting paid.
Hey? When do the tax questions start? I bought a new black belt this year.
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Old Fri Jan 20, 2012, 11:13pm
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Originally Posted by BillyMac View Post
I bought a new black belt this year.
Forget the taxes, go buy yourself some Sansabelts!
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Old Sat Jan 21, 2012, 12:28am
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For GHSA games, we have to wait until the season ends. We bill each school, they pay us, and we distribute checks at an end of year banquet. 1099, yes, which stinks, but I prefer one lump payment because I don't just blow the money week by week. One nice big check to use for summer vacation.... I use rec league games for "mad money"....but I rarely even do these anymore. Too many hotheads and headaches.
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Old Sat Jan 21, 2012, 01:52am
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Originally Posted by refiator View Post
For GHSA games, we have to wait until the season ends. We bill each school, they pay us, and we distribute checks at an end of year banquet. 1099, yes, which stinks, but I prefer one lump payment because I don't just blow the money week by week. One nice big check to use for summer vacation.... I use rec league games for "mad money"....but I rarely even do these anymore. Too many hotheads and headaches.
Why does a 1099 stink? You owe the taxes on your income even if you don't get a 1099. Or are you saying you cheat on your taxes whenever you don't get a 1099?
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Old Sat Jan 21, 2012, 08:10am
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Easy-Peasy-Lemon-Squeezy ...

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Originally Posted by Camron Rust View Post
Why does a 1099 stink?
W-9's are so common here in my little corner of Connecticut that many of us carry precompleted W-9's with us in our bags. When a site director hands us a W-9 to fill out, we simply whip out one our own completed forms, sign it, date it, and hand it back to him.

The days of being handed an envelope with currency, and some loose change, are long gone.
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“I was in prison and you came to visit me.” (Matthew 25:36)

Last edited by BillyMac; Sat Jan 21, 2012 at 08:34am.
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Old Sat Jan 21, 2012, 08:59am
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Quote:
Originally Posted by Camron Rust View Post
Why does a 1099 stink? You owe the taxes on your income even if you don't get a 1099. Or are you saying you cheat on your taxes whenever you don't get a 1099?
You know that's exactly what he's saying. I wonder what percentage of officials don't bother claiming this income on their taxes.

I don't get a 1099 from more than a handful of places (where I'm poaid centrally and make over $600 a year), but I keep track very carefully of all my officiating income and faithfully fill out my Schedule C every year. By the time I factor in allowable deductions, I barely make anything. But if I ever get audited, I have everything documented.
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Old Sun Jan 22, 2012, 01:02am
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Originally Posted by Camron Rust View Post
Why does a 1099 stink? You owe the taxes on your income even if you don't get a 1099. Or are you saying you cheat on your taxes whenever you don't get a 1099?
Seriously?
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Old Sat Jan 21, 2012, 08:38am
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Originally Posted by Welpe View Post
Forget the taxes, go buy yourself some Sansabelts!
Shut up.
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Old Sun Jan 22, 2012, 11:37am
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Originally Posted by BillyMac View Post
Hey? When do the tax questions start? I bought a new black belt this year.
"Mr. Myagi, what belt do you have?"
"JCPenney's, five dollars. You like? . . .
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