Thanks.
2006-12-11 20:30:14 · 9 answers · asked by haz_vl 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
You do have to claim your tips as income. Most dancers will file a schedule C, self employment. There are probably expenses that you have out of pocket for your job. Costumes and such. If your employer issues you a 1099-misc, you will fill out a schedule C.
2006-12-14 23:36:26 · answer #1 · answered by D.M. C 2 · 0⤊ 0⤋
you are supposed to pay taxes but if the business owners doesn't pay you with a regular paycheck or send you a 1099 Misc. income statement then sounds like no!
2006-12-14 05:17:27 · answer #2 · answered by karen h 3 · 0⤊ 0⤋
Yes, tips are considered income. You should be making quarterly estimated payments to the IRS and state (if applicable).
2006-12-12 00:56:01 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
Yes, tips are taxable because it is income. All income is taxable. Just remember that whatever money you receive, the government will want part of it.
2006-12-12 04:12:21 · answer #4 · answered by potatochip 7 · 1⤊ 0⤋
if you declare it on your taxes yo must pay taxes, if you list your profession, check with your assoicates , the IRS may expect a "token" amount to be declared as they know you get tips.
Same as waiter, what you claim and get is your bussness.
2006-12-11 20:39:38 · answer #5 · answered by Carl P 7 · 0⤊ 1⤋
You better pay something or IRS will coming looking for any clothes you haven't taken off...lol.
2006-12-11 20:37:36 · answer #6 · answered by bigbro3006 3 · 4⤊ 0⤋
I don't think so, since your tips varies every night..anyway, check with your tax office, tell them you rec'd tips as a waitress, so do you need to declared your tips?
2006-12-11 20:34:50 · answer #7 · answered by Ho S 2 · 0⤊ 4⤋
It's income. It's taxable.
2006-12-11 20:33:24 · answer #8 · answered by Wisdom Guru 3 · 4⤊ 0⤋
No, they are tips. They are what you bring home directly, not on a check stub.
2006-12-11 20:32:33 · answer #9 · answered by Cold Fart 6 · 0⤊ 5⤋