[Dixielandjazz] TAXES AND 1099's

[Stephen Heist]

NOW is there ANY question, AT ALL, as to why I work SOLO??? :-)
All the Best,
Steve Heist

You can NOW visit my NEW website and check my schedule at:
http://home.earthlink.net/~steveheist/ 
Drop on by today!


> [Original Message]
> From: Larry Walton Entertainment - St. Louis <larrys.bands at charter.net>
> To: <Custode at aol.com>; <Talegatorz at aol.com>;
<dixielandjazz at ml.islandnet.com>
> Date: 2/21/2006 11:51:56 AM
> Subject: Re: [Dixielandjazz] TAXES AND 1099's
>
> One of the guys that I work for requires that I sign a subcontractor's 
> agreement that spells out what is expected.
>
> Too bad a lot of musicians who want the money don't understand that
anytime 
> you exchange money it's called A BUSINESS and the IRS like an agent wants 
> their cut.
>
> I have told this story before but since it's tax time ---- There is a 
> restaurant/bar here that got a deal with the union to put a big band in
and 
> pay the guys $15 (now raised to $20)  They paid the guys cash each night. 
> No one kept records in the band.  Then the Restaurant handed the leader
an 
> $18,000 1099.  Fortunately the guys in the band for the most part
cooperated 
> and he was able to get most of the records but then since it was a union 
> thing there was SS tax and city taxes that hadn't been paid.  It was a
real 
> nightmare.
>
> Take my advice - don't be stupid.
>
> Actually I'm glad because it eliminates from most of my jobs the guys
that 
> are trying to fly under the radar.  All of the places that I work demand 
> that I do the paperwork so that they can deduct me.
> Larry Walton
> St. Louis