- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Do I need to pay taxes on this type of income?
Posted on 7/10/16 at 7:10 pm
Posted on 7/10/16 at 7:10 pm
I have a lady friend that gives me money for my company. I know the rule; I'll try to get pictures that won't get me banned when she comes by on tuesday.
I hadn't thought about it until I just saw that she left another $100 laying on my nightstand from a few hours ago, but I think that I might be guilty of tax evasion. Would getting paid for my "company" be considered income under section 61, or could I classify this as a gift? I mean I do put in work, but I would do it for free. She's not the prettiest thing in the world, but she's got a tight little body. Also, it's like she is married to an Asian guy.
What say the OT? I didn't want to bother poodle brain with another tax question.
Eta: She says not to worry about the money, because it is her husbands. Who would I 1099? I've made A LOT more than $600 this year.
I hadn't thought about it until I just saw that she left another $100 laying on my nightstand from a few hours ago, but I think that I might be guilty of tax evasion. Would getting paid for my "company" be considered income under section 61, or could I classify this as a gift? I mean I do put in work, but I would do it for free. She's not the prettiest thing in the world, but she's got a tight little body. Also, it's like she is married to an Asian guy.
What say the OT? I didn't want to bother poodle brain with another tax question.
Eta: She says not to worry about the money, because it is her husbands. Who would I 1099? I've made A LOT more than $600 this year.
This post was edited on 7/10/16 at 7:16 pm
12
Posted on 7/10/16 at 7:11 pm to TSLG
TLDR
But if you have to ask then probably.
But if you have to ask then probably.
Posted on 7/10/16 at 7:12 pm to TSLG
$100? Guess you aren't very good in bed.
Posted on 7/10/16 at 7:12 pm to TSLG
Subtle brag you man whore
Posted on 7/10/16 at 7:12 pm to TSLG
Totally believable.
Posted on 7/10/16 at 7:13 pm to TSLG
Gigolo income is not taxable.
Posted on 7/10/16 at 7:13 pm to TSLG
Was going to suggest money board, but you came to the right place.
Posted on 7/10/16 at 7:14 pm to TSLG
quote:
lady friend
Posted on 7/10/16 at 7:16 pm to TSLG
None of this happened
Posted on 7/10/16 at 7:17 pm to TSLG
Do you love her?
Posted on 7/10/16 at 7:25 pm to TSLG
If you do any type of service then yes it is taxable. It is only a gift if the giver receives no benefit.
Posted on 7/10/16 at 7:28 pm to TSLG
Even though you're full of shite and none of this happened, yeah that would be taxable.
Posted on 7/10/16 at 7:36 pm to TSLG
As long as you have "the amount she negligently dropped and left behind" to reimburse her, then you can return the money to her (until after the audit of course). This way there is no income, nor expense on her part, technically. You were only taking care of her misplaced cash until such time as able to return it to her. 
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News