Legal Corner

if she has a modest earned income, she'll likely benefit from the earned income credit. EOM
kerri.bound See my TER Reviews 594 reads
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Been away from here for a lil bit but getting back into the swing, I have a kid who's been having health probs so its been a lil rough lately, I'm up in the high desert and seeking provider tax preps & is not really something you can advertise for :/ lol but any info would be greatly appreciated.
Thnx
Kristin~

Zangari729 reads

aybe you don't  have to file.  I'm going to assume that you're like my former ATF: she provided just to make ends meet.   It sounds like you're a single "Head of Household" with at least one dependent child.  If you made less than $13,250  last year, then you don't have to file.  Note that the money you're making as a provider is 'off the books'.  

1.  Did you earn more than $13,250 in a regular job.  Your employer has a W2 form with your total 2015 income that they reported to the IRS.  

2.  Do you have any bank accounts that earned interest in 2015 (including any provider money you deposited).  Your bank will have a 1099-INT form on you that includes all the interest you earned in 2015 on your accounts. Your bank reported that amount to the IRS.  

 So, add your W2 income + your 1099-INT interest income.  If that's less than $13,250 then you don't have to file.  For simplicity, I'm assuming you don't have any other investments.   Since you have a child with health problems, note that the Affordable Care Act (ObamaCare) expanded medicare in a number of states, and you may be covered by that.  Good luck to you & your family.  --

Posted By: Zangari
Note that the money you're making as a provider is 'off the books'.    
 
Are you saying that she doesn't have to declare the provider income, because it's "off the books?"  She specifically stated that she wanted a provider-friendly tax preparer, so she seems perfectly willing to disclose this info.

Zangari579 reads

Posted By: mongerjerry
Are you saying that she doesn't have to declare the provider income, because it's "off the books?"  She specifically stated that she wanted a provider-friendly tax preparer, so she seems perfectly willing to disclose this info.
 Whether she declares her P4P income is a moral/financial choice she has to make.  But if she does declare it, then she'll need to file as Self Employed.  That means she'll need to pay SE taxes (e.g., social security and medicare) in addition to taxes on her provider income.  Here's your reality check: a lot of providers can't afford to do that.  

 Do you think the vast majority of sex workers (or drug dealers) declare their black market income to the IRS?  What world are you living in, White Knight.  I'm sure your morality post is coming our way.  Just remember you're posting on a  fuck board, guy.   --z

I know where I am.  I also know what I read.  She specifically stated that she is "seeking provider tax preps & is not really something you can advertise for," so I took that to mean that she is looking for a tax preparer that works with providers.  Having read a thread on the legal board about provider-friendly tax prep, I know that at least one exists.
And, pray tell, exactly what morality issue was I proposing in my answer.  I asked a question.  I didn't offer an opinion.  I merely stated what I thought she was asking for.
But the most perplexing thing about your idiotic reply to me was how the hell you could accuse me of being a White Knight from my post.  Exactly who was I looking to rescue with my answer

Zangari573 reads

Posted By: mongerjerry
I know where I am.  I also know what I read.  She specifically stated that she is "seeking provider tax preps… so I took that to mean that she is looking for a tax preparer that works with providers.
 You're misrepresenting your own post.  You assumed much more than your assertion above, and now you're trying to backpedal out of it.  Let's take another look:  
Posted By: mongerjerry
  Are you saying that she doesn't have to declare the provider income, because it's "off the books?"  She specifically stated that she wanted a provider-friendly tax preparer, so she seems perfectly willing to disclose this info.
 Just because the OP asked for a 'provider friendly tax preparer',  you assumed she's willing to "disclose" all of her provider income.  That's an idiotic assumption.  And your self-righteous moral tone is ridiculous.    
Posted By: mongerjerry
But the most perplexing thing about your idiotic reply to me was how the hell you could accuse me of being a White Knight from my post.  Exactly who was I looking to rescue with my answer?  
 You took a moral stand, White Knight: defending the provider's honesty against my 'off-the books' suggestion.  But now you're running away as fast as you can from your previous moral position (which you now deny ever making).  That's a coward's way out.   --z

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