Thread: Paying models
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Old 09-09-2014, 09:34 AM  
Grapesoda
So Fucking Banned
 
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Join Date: Jul 2003
Location: Montana
Posts: 46,238
Quote:
Originally Posted by JimmyStephans View Post

So, back to the main issue - USE THE DAMN FORM.

By The Way - I NEVER buy anything from anybody that isn't a registered company (EIN) or doesn't want to give a receipt.

Did you know that if you go out and buy a $2000 used camera from a guy on Craigslist today, and you want to consider it a business expense, you need to report that payment on a 1099 to him and your year end transmittal to the IRS (Which means asking him for his SSN) - or have a receipt made to you from a company that has an EIN?

.

I also NEVER pay models in cash any longer. I always type a business check. She can take it and cash it herself so I have a record that the payment was made. Checks are proof that the person exists in eyes of the IRS because its deposited in a bank of hers, or she used a check cashing service that checked her ID, or my own bank she walked into that checked her ID, etc.




Use the correct forms for everything. Then double check them.

Jimmy
great solid info and even use wire transfer if possible
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