Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Funny Money Question-Two Dollar Bills
>
Reply to Thread
Message:
<p>[QUOTE="charley, post: 24481112, member: 5372"]See, that would be a mistake, because then she will receive IRS Forms for Quarterly Estimated Tax Payments, and that can not be deferred or deducted, except against the total 1040 amount due, but the whole darn point is to not pay taxes.</p><p>Why do you want to blow a great gig?</p><p><br /></p><p>Not to mention, that could end up pizzing her off, and she could file reportable income paid to you via 1099, and no, the $600.00 threshold is a myth in that scenario, because it is still income to you and you would have to claim it as such and pay taxes, while she would then have to add 5610 and claim it as unreported payments.</p><p><br /></p><p>Not to mention she would then have to reduce the value on Schedule A of Trust Assets. THAT would be a BIG headache.[/QUOTE]</p><p><br /></p>
[QUOTE="charley, post: 24481112, member: 5372"]See, that would be a mistake, because then she will receive IRS Forms for Quarterly Estimated Tax Payments, and that can not be deferred or deducted, except against the total 1040 amount due, but the whole darn point is to not pay taxes. Why do you want to blow a great gig? Not to mention, that could end up pizzing her off, and she could file reportable income paid to you via 1099, and no, the $600.00 threshold is a myth in that scenario, because it is still income to you and you would have to claim it as such and pay taxes, while she would then have to add 5610 and claim it as unreported payments. Not to mention she would then have to reduce the value on Schedule A of Trust Assets. THAT would be a BIG headache.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Funny Money Question-Two Dollar Bills
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...