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Old 12-05-2007, 03:19 PM
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KidEpoxy
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Default RE: GETTING PAID

Raf,
add up all that compensation for services perfomed,
and ask the IRS if they want to tax that as Income, or if they dont mind you getting hundreds (thousands/year?) without them getting a piece of your pie.

While you may balance out travel & 'per dium' as business operating expenses vs the compensation,
to keep the taxman off your back for all that compensation,
that would kinda make that activity business.... you know, comercial.

And running comercial net zero or in the red is not a problem for the IRS aspect, but it does put a clamp on your AMA Non-Comercial insurance. It is non-comercial, it is not non-profitable-comercial

Guys, rather than trying to find the best way to hide the income
& hope the ameture internet tax lawyers here dont get you audited,
lets just help the guy get the proper insurance.