Thursday, July 9, 2009

As a stripper I received a 1099. I'm using a schedule c form. What do I list as my business description?

In Block A use "Entertainer," "Professional Dancer," "Striptease Artist," or "Ecdysiast". Note that using "Striptease Artist" or "Ecdysiast" may buy you some leeway on certain business expenses that would not normally be deductible. (Ecdysiast is a fancy word for Striptease Artist if you have any qualms about using Striptease Artist.)





In Block B enter "711510" which is the code for "Independent Artists, Writers %26amp; Performers."

As a stripper I received a 1099. I'm using a schedule c form. What do I list as my business description?
You're welcome. TFTP. Report It

Reply:Business auxiliary services.
Reply:Breast Implants


Exotic dancer Cynthia Hess (stage name "Chesty Love") once wrote off a $2,000 breast augmentation bill that increased her chest size to 56FF. She was allowed to take the deduction because her breasts were ultimately considered a "stage prop."
Reply:i would list yourself as a Professional dancer.
Reply:Professional dancer or entertainer
Reply:Dancer or entertainer.
Reply:Professional dancer.
Reply:It depends, do you only dance? professional dancer


massage or webcaming? Exotic entertainer, none of these activities are illegal so dont worry.


However, since you are asking us these questions I am going to go out on a limb and say you dont have a CPA.


If your single, good ole uncle sam is getting the lion's share of your work. that just aint right.


Find a descent CPA, not the one that shows up for the free buffet. They will help you DBA or incorporate your own business. When you get all your little jots and jittles in line, you will be amazed at the money you can protect from taxes.


Right now you pay your cell phone bill, say its 50 bucks. You have 75 bucks of income, uncle sam takes his and leaves you with 55 bucks and you pay your phone bill leaving you with 5 bucks and the govt has 15 of your bucks. At the end of the year, if your lucky, you get five bucks back leaving you with a total of ten bucks. The govt has 10 of your dollars. Everybody smiles and thinks it's great. However if the cell phone is a business phone (the CPA will tell you what to do) you get 75 bucks income, the govt get's their share leaving you with the 55, you pay your bill leaving you with 5, but at the end of the year that 50 comes off your 'taxable' income, dropping your tax bracket and now uncle sam has to give you ten bucks back. Leaving you with 15 and the govt with 5, everybody smiles cuz you won, and the IRS is gonna scam someone else they know you know better now and will move on to easier sheep.





that is a very simplistic and relatively inacurate representation, but it is just that representative of the possibilities that are completely legal.





There are certain expenses that you are going to have. Shoes, sequines, cell phone, laptop and gas in your car. Those expenses should come out of your "taxable" income and not out of your taxed income that is much smaller. Uncle sam is gonna get 50% of your money, the key is spending all of your money before Uncle Sam can get it, that's called business expenses. And there are a lot of business expenses, portion of your rent/mortgage, any fees you pay for your business like licenses or even alcohol, yeah I know, your CPA can tell you though.


So get a CPA, get your own business legal (incorporated or DBA'd) and quite giving your money to the govt.


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