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$600 Magic Number
A Tip for models: When you do a PAID job for a photographer, by IRS laws an employer MUST report earnings of anyone paid OVER $600 with a 1099 form. What does this mean to you? If a photogrpaher does not pay you more than $600 in a fiscal year, he is not "required" to report your earnings to the IRS. Of course if you did 2 shoots that paid $400 each he would have to get your SS# and report your earnings. So what are you suppose to do if you earn more than $600 over multiple payments from an individual photographer? Report the earnings!! haha My point? If you are paid less than $600 I would NOT give my SS info to a photographer. . . I'm trusting YOU will report your earnings to the IRS (hmm) If you are paid more than $600, yes, the photographer is correct in getting your SS info and giving you a 1099 at the end of the year. Conclusion: If I was a model I would charge $600 max with an individual photographer and then report my earnings by "MY" records at the end of the year. Comprendo?? ;o) Joe Jan 11 07 03:16 am Link Umm... Not really. Only if she is your employee are you required to get her SS#. And if she's your employee, you have a lot more to worry about. If you are paying her for a service, $600+, it's her responsibility, not yours. Jan 11 07 03:35 am Link Oooh, not so my Sir. . . check with IRS on subcontractor payment reg's. If you pay ANY subcontractor (aside from Employees), you are required to report earnings OVER $600 Trust me, I was a former A/P person. Joe Jan 11 07 03:39 am Link Sorry. . . I meant Madam. And further, to report the earnings, you use a 1099 which NEEDS the SS# Jan 11 07 03:41 am Link I agree. this isn't just for models either - its universal across all venues of employment Jan 11 07 04:50 am Link Iris Swope wrote: Iris: Jan 11 07 06:43 am Link When models/photographers/MUA's/Stylists/etc... are paid by me for personal projects or for my clients, no SS# or Tax ID #, no payment. If a Model does not like giving out her SS#, it's fine, just do yourself a favor and don't lose out on paying jobs, get yourself a Federal Tax ID No. from the IRS. You can do it on the phone, you can do it over the internet, it costs you nothing. Jan 11 07 07:14 am Link Studio 960 wrote: I can vouch for this - my husband, as a telecommunications sub-contractor, ONLY works as a 1099 employee - anything over $600 must reported this way and does require a SSN - and when paid this way, workers are not considered employees, thus no need for unemployment, taxes or SS to be taken out. It is the contractor's resposibility to do that. Jan 11 07 11:06 am Link are you suggesting models not report income? because then you are suggesting illegal activity. EDIT: I may have read it wrong, that's why I'm asking. Jan 11 07 11:09 am Link Jessalyn wrote: I think what he meant was that there are "ways" to report a little less, not that he's saying to not report at all. Any independent contractor can get around laws like this by reporting to the IRS less than they actually made since they are reporting something. You just have to be careful if you're audited. I have friends that tattoo that keep one log of their actual earnings, and a seperate one (for IRS purposes) that logs the stuff he is going to report. Jan 11 07 12:37 pm Link Studio 960 is partially right. [edit] ALL payments to subcontractors (models) need to be recorded (regardless of amount) and you are technically required to have the SS# (Taxpayer Identification Number) of every subcontractor you pay. I also disagree with Studio 960's three paragraphs under "My Point". Iris Swope is wrong. It's not that difficult to get the models SS# (as required by law) if done properly. You simply hand her this form: http://www.irs.gov/pub/irs-pdf/fw9.pdf It's quite self-explanitory. She hands you back the completed form, you hand her the check - in that order. No Problems.  -Glenn Jan 11 07 01:05 pm Link Glenn Francis wrote: Oh you are a laugh riot suggesting that models no how to read. Jan 11 07 01:10 pm Link Demo wrote: AKA SCAMMING THE SYSTEM.... LOL Jan 11 07 01:14 pm Link Cecil Sharps wrote: correct! - Sort of. They *will not* read. That is part of what I mean by "if done properly." If you hand them an official IRS form, they will write in their SS#. If you ask them to tell it to you, or write it down on a sticky note..... well..... let's just call that the "inproper" way. Jan 11 07 01:41 pm Link This thread is a perfect example of why law enforcement, prosecutors, and the IRS LOVE computers and the internet. People don't think twice about providing a potentially incriminating paper trail in a totally traceable medium. And if you think law enforcement doesn't have time to be bothered chasing down such petty violations, please recall that the very first use of the expanded powers under the Patriot Act was to go after a San Diego strip club owner accused of bribing a town councilman. Jan 11 07 02:08 pm Link dncphotos wrote: I prefer "euphemistic"... Jan 11 07 03:14 pm Link Hamza wrote: Actually, that's what I was thinking of, the Federal Tax ID #... Which agencies have you get as soon as you start working... Jan 11 07 03:17 pm Link What about non-cash compensation...you ask someone to be in an ad and offer them a $600 porfolio package in exchange? Or they get to keep a $800 dress from the store? Is it just money the IRS needs to track? So after the 30th lap dance, I can deduct the stripper as a business expense? Jan 11 07 04:18 pm Link Steve Roark wrote: I think that's reasonable... Jan 11 07 07:42 pm Link |
