Tax question?

[Ucsdryder]

Anybody willing to help me with a 1099 tax question? Actually probably a couple of questions. I’d ask Randy but I don’t think we’re on the best terms. In return I can offer @Billy Goat real name.

 

[CorbLand]

Your subscriptions to onlyfans accounts are not tax write offs.

 

[BRTreedogs]

Your subscriptions to onlyfans accounts are not tax write offs.

Depends if he watches it with clients for entertainment doesn't it.

 

[Ucsdryder]

Your subscriptions to onlyfans accounts are not tax write offs.

Bahaha. Can I write off the room in my house I watch from?

 

[Ucsdryder]

Any tax advice I get from this thread will probably end up in an audit and jail time.

 

[Geewhiz]

Your subscriptions to onlyfans accounts are not tax write offs.

Its more of a "content creator" affiliation w/ only fans

 

[ODB]

Bahaha. Can I write off the room in my house I watch from?

No, but believe it or not you can write off the room you broadcast from. Per turbo tax.

 

[BRTreedogs]

Well whats the question?

I stayed at a holiday in once.

 

[Billy Goat]

Always so many experts here, now crickets.

 

[MattB]

Always so many experts here, now crickets.

C'mon newb, most posters haven't started drinking yet. The...expertise....will start flowing over the next couple of hours.

 

[Billy Goat]

C'mon newb, most posters haven't started drinking yet. The...expertise....will start flowing over the next couple of hours.

 

[Cynoscion]

Just finished my taxes today. I own my own ranch/wildlife services and consulting business so I get LOTS of 1099’s. Fire away if you think I may be able to help.

 

[cornfedkiller]

I'm not an expert, but whats the question?

 

[Turkeygetpwnd38]

If you still need answers shoot me a pm

 

[Drenalin]

I highly recommend not filing taxes to begin with. WTH is a 1099.

 

[Bluefish]

I highly recommend not filing taxes to begin with. WTH is a 1099.

It’s the form that gets filed that tells the irs how much someone paid you during a year. How they track people who are not employees getting paid. Say you win $1000 at a casino, the casino will file a 1099 and send you a copy. Same if you do side work for someone who has a business. That way the irs knows you got paid and you know how much to claim as income on your taxes. Threshold used to $600/year.

 

[5MilesBack]

Say you win $1000 at a casino, the casino will file a 1099 and send you a copy.

Since when?

 

[Bluefish]

Since when?

Sorry, you might get a W2-G instead Of a 1099 depending on how they pay you. Threshold is $600. Knew a guy who ended up bankrupt because they took all the winnings and couldnt pay at tax time. Was bigger jackpot, $35k.
I believe if someone has to send you a 1099 it’s due by the end of January.

 

[KHNC]

Since when?

Since a few years after the Tea Party.

 

[cornfedkiller]

Sorry, you might get a W2-G instead Of a 1099 depending on how they pay you. Threshold is $600.

I think the threshold at a casino is $5,000?