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Do you have to report band income less than $2500?

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  • #16
    And if I had a drummer that would stick mew with his taxes I'd take it out of his gig money or I'd fire his ass. If he doesn't want to pay his taxes that's on him. But if he expects you to pay them, he's just a dick.



    He is indeed a dick. And as far as I know he hasn't played a gig with anyone since November when he played this gig with me.

    He's actually very political and very anti-tax (you can guess his affiliation) and it wouldn't occur to him the impact of his refusal to pay his share. He just wants to get his, right?

    Hey, I'm a good sport and am willing to pay my fair share. I am more concerned about being asked to produce records from the past in an audit.
    This space intentionally left blank

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    • #17
      He's actually very political and very anti-tax (you can guess his affiliation)
      Democrat?oke:



      Hey, I'm a good sport and am willing to pay my fair share. I am more concerned about being asked to produce records from the past in an audit.

      As long as you have the carbon of the 1099 you gave him you'll be cool.
      http://www.patcoast.com"The guy would be strumming along, singing the verse to “Margarittavile” and then he would hit his harmonizer pedal for the chorus. It went from sounding like a guy singing and playing guitar to sounding like the Stephen Hawkings trio."-Christhee68" the singer of my cover band used to find it funny to let out gaseous forms of vile hate and sadness that would make a plaster baby Jesus weep."- FitchFY

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      • #18
        Okay, a related question.

        I am the leader of a rock and roll trio that has done a year long house band gig in a local club for the past several years. As the leader I'm the one who gets the W2 from the owner. Every year I've gone to Staples and bought a pack of 24 1099 forms, used 2 and thrown the rest away.

        I'm tired of blowing almost $30 on this. Does anybody know of a cheaper way to get just a few 1099 forms?

        Thanks for your help.


        http://www.irs.gov/pub/irs-pdf/f1099msc.pdf
        Drums:
        PDP CX 12-14-22, Pork Pie Big Black Snare
        Sabian 13” AA Fusion Hats, A Zildjian 21” Rock Ride
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        Bass gear:
        Zon Sonus V, Warmoth jazz, '70 Ampeg Dan Armstrong, '62 Fender Jazz fretless, '95 Gibson Les Paul
        Alembic F1-X, dbx 266XL, Korg DTR-2, Funk Logic DD-301, QSC PLX1602, GK MB Fusion 800, Eden D210XLT & D210XST

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        • #19
          Unless you're applying for a job in the new administration.





          Or you are Charles Rangel! Love your avatar!

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          • #20
            http://www.irs.gov/pub/irs-pdf/f1099msc.pdf


            Tried that. Here's what it says:

            This form is provided for information purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A with the IRS. The official printed version of this IRS form is scannable, but the online version of it, printed from this website, is not. A penalty of $50 per information return may be imposed for filing forms that cannot be scanned

            So I guess I'm screwed.

            And for the other posters who responded:

            You're right, I should have written that I'd get a 1099 from the owner, not a W2.

            As for discussing this with my accountant:


              Do I need to give any more explanations as to why I can't afford to hire an accountant?
            Michael D. www.mdlmusic.webs.com "I'm tired of rock-and-rolling Let's get married, Honey, let's go bowling" --Martin Mull

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            • #21

              Do I need to give any more explanations as to why I can't afford to hire an accountant?


              I dunno....when I had kids and bought a house we were dirt poor. I finally hired a good accountant recommended by a friend. He charged me 2-1/2 times as much as I was paying H&R Block but got me back nearly 5 times as much in refunds, all legal and what I was entitled to. Seems like I couldn't afford NOT to use an accountant. Especially one who knows all the right questions to ask.

              I'm sick of having to explain to the government and jump through hoops to justify why I should get to keep my money. They ought to be explaining why they deserve to take it. My accountant helps me in that battle.
              http://www.patcoast.com"The guy would be strumming along, singing the verse to “Margarittavile” and then he would hit his harmonizer pedal for the chorus. It went from sounding like a guy singing and playing guitar to sounding like the Stephen Hawkings trio."-Christhee68" the singer of my cover band used to find it funny to let out gaseous forms of vile hate and sadness that would make a plaster baby Jesus weep."- FitchFY

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              • #22
                I had one corporate gig this year that forced me to use the EIN from my old IT consulting biz. So, I have one 1099 or w-9 or whatever it is. if I roll that in to my personal income, I'll probably owe $1000 on it. I haven't filed for the music business since my 20s. If your side business doesn't clear at least x dollars, I thought you didn't have to report.

                Maybe that is crazy talk. I have been googling and searching the forums and I don't see mention of it. Some of the guys at work make more than that ebaying crap and they say you don't have to report it. But they don't have the damned w-9.

                If I do the long form, I know I have at least that much in expenses in 2008. But, I do recall that my brain locked up the last time I did it and I paid an accountant. Maybe I should just go back to him.

                do I have to report $2500?


                If you get paid, and especially if you get 1099'd, report it.
                Plenty of deductions available once the door is opened!
                Did I say that out loud ?!?

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                • #23
                  Okay, a related question.

                  I am the leader of a rock and roll trio that has done a year long house band gig in a local club for the past several years. As the leader I'm the one who gets the W2 from the owner. Every year I've gone to Staples and bought a pack of 24 1099 forms, used 2 and thrown the rest away.

                  I'm tired of blowing almost $30 on this. Does anybody know of a cheaper way to get just a few 1099 forms?

                  Thanks for your help.


                  Don't cheap out. Get the Turbotax Home and Business, it'll help you straighten all the $hiite out. Better yet file a Sched C as a business.
                  Did I say that out loud ?!?

                  Comment


                  • #24
                    Don't cheap out. Get the Turbotax Home and Business, it'll help you straighten all the $hiite out. Better yet file a Sched C as a business.



                    For the past several years I've used the free online TaxAct system with no problems.

                    And asking me not to be cheap is like asking me to chow down on the ten-taco special and then not use the rest room.

                    Not gonna happen.
                    Michael D. www.mdlmusic.webs.com "I'm tired of rock-and-rolling Let's get married, Honey, let's go bowling" --Martin Mull

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