Know Your Employment Status Were you hired by the Woonsocket strip club, or are you an independent contractor? If a jealous ex or drama-starting family member decides to contact the IRS and accuse you of tax fraud, you could be in for a major nightmare. More on that later. Grab a folder, cabinet, old strippers claim tips, or whatever strippers claim tips happen to find around your house and dedicate it to the storage of your old receipts.
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Be as honest as you can, and keep a daily journal so you can keep track of your actual earnings. If you plan to itemize at tax time, make sure that you have receipts that verify you really purchased the items. Posted in Dancers.
Tax Tips for Strippers
More on that later. Invest in Your Future Do you have a K plan or make contributions to something similar? Make it your goal to deposit a similar amount of money once every week or two, even if you make a bit more some weeks. Some of these presents may impact your taxes.
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