Jump to content

What is up with Sodus?


Recommended Posts

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 : )

Link to comment
Share on other sites

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. 

Link to comment
Share on other sites

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:

Link to comment
Share on other sites

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

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...