re: How is a stripper supposed to pay taxes, she is 1099

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Is her employer doing this to avoid paying their portion of payroll taxes. Sounds like payroll tax fraud to me.

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yes.

she is considered self employed

i think we both agree on this now. The strip club owner is a weasel and she does have to pay SE tax. Does she have any business expenses to deduct against the income. What kind of expenses does a stripper have? Boob job? makeup?

outfits, shoes, make up, body glitter, perfume, cocain, haircuts.

i am a banker, i have my series 7 and 66.

The best advice I would give a client being paid in cash is to claim at least as much as can be verified that they spent. See safe harbor rule above for deposit requirements. She is 1099 and will need to file schedule c and se.

how much will it be for her to talk to a cpa, once she knows how to estimate her taxes i think she can pay them quarterly on her own, and then have the cpa file her year end.

no, thats how she got me doing all this leg work to begin with

well i think this years liability is going to be a lot higher than last year, so i kind of want her to do it on her projected income, and does she have to worry about state taxes.

thanks, i may just give my payroll company a call and see what they can do