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Big bucks and a big W-2 form.....

 

Actually a big 1099. Then if the check was in Rick's name only he will be fed taxed for probably 28% and State for another 8% maybe. About $10,000 to the IRS and maybe $2500 going to New York State. Still, Netting $23,000 isn't too bad : )

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In talking with some tax professionals the best thing to do was to 1099 my teammates. The whole thing is in my name, but I was able to 1099 3/4's of it.

 

Yep. That sounds like the best way to do it. 

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Rick' s probably going to write off the engagement ring as a "business expense" too and use the newspaper article to back up his claim :lol:

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I never heard of a W-9, but that what I got in the mail from the orleans pro-am. Not a 1099.

You will get the 1099 in january.

Sent from my SCH-I535 using Lake Ontario United mobile app

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