Quote:
Originally Posted by romanwarrior
some companies that write off my work for tax purposed do send me 1099, but they come once a year only as you know, and paystubs in loan places can't be more than 2 weeks old, some companies just write a check and dont care about writting if off, so I have to claim that on my own.
This whole time I thought that you were a liar. Now, I'm pretty sure that you are.
I've dealt with contracted work and subcontracted work for the better part of ten years. Companies don't just "write off work" - that would get them in serious trouble. They have to prove that the work is done and that there is a paper trail to follow because they have taxes to pay as well. If that doesn't happen...well...we've seen lots of white collar crime and fraud in the past few years, have we not?
Here is how it
usually works.
Contracted employee bids on a job.
Company hires employee.
Company
gives employee an invoice for services rendered, if the job is more than $600. If the company fails to do so, the IRS will audit them, and the audit will not be pleasant.
Company gives employee a 1099 form at the end of the year if the contract work is more than $600. Sometimes, if it's a short term contract, company will give employee the 1099 shortly after the completed work, if they know the services from the contracted employee will be no longer needed.
Dude, there is a paper trail throughout this whole process. Unless you are working for a business of ill-repute (I'll let others elaborate), I don't believe anything that you wrote in this entire thread (except the parts where you need to pay people back).
So please, for my sanity (as I read this entire thread and shaking my head the entire time), drop the $6K per month in income story...I no longer buy it.
Living off of rakeback is kinda sick along with gambling with life expenses...I feel sorry for your wife and kid.
/flame
Last edited by Eric Stoner; 07-04-2008 at 03:58 PM.
Reason: there was a typo...so the grammar police can stay away...