JohnnyD

Red Tailed Hawk Actually the tail looks pretty gray/black like a Cooper. Short answer - Hawk

The Tillman Story is out now. I thought it was very good.

So sad. It wasn't just Kev. Dave got it too right after Kev.

Congrats on all that!!!!

Right. Was Barry Bonds your roommate?

After waiting all day yesterday, I end up missing it. This has put me in a surprisingly bad mood. Bad way to start the day.

Income reporting (or lack thereof) in small businesses is on the IRS hit list for 2010. The 1099 reporting requirement was supposed to be a way to match up revenue.

edit: pass

Of course with an S-Corp you also have the added burden of W-2 wages and payroll tax returns. LLC is the way to go.

Been done - don't remember the name of it, but it was about the owner of the company. Pretty interesting from the aspect of being the employer.

Patient... HIPPA issue?

That's awesome! Aside: Backyard pool pics? You're in there somewhere!

Are you noting it's the problem or the solution? Problem - giving away an "instructor" status at such a potentially infantile time in the sport shores up egos for those that haven't earned it? Solution - provide a organized means of training via the newbie coaches that "should" be trained to help or at least find the right kind of help for even newer jumpers More often than not, Problem.

Two words - coach rating

I think the discussion is at least reasonably important to the community as a whole because we do deal with the rules of independent contractors all the time (although not in this case) and specifically to the employees/contractors/jumpers at Start who may be directly affected by it. By the way: I'm right.

That would be a case of improperly classifying employees as independent contractors. According to the newspaper articles, that is not what was happening. ETA: Your profile says you are a CPA. How in the world you you need this to be explained to you? Yes I am a CPA. I'm also right and you are wrong. Read the court document I posted. Ask yourself these questions: 1. What is the company's date of inception? 2. What is the period under examination? 3. In the period under examination, was positive cash flow attained by criminal means? 4. If it was, how and what was it used for? 5. What was the end result for the employees? 6. What was the end result for the employer?

The employees weren't credited because the PRT returns weren't filed.

This is definitive and a direct quote. http://www.middletownjournal.com/news/middletown-news/team-fastrax-owner-accused-of-failing-to-pay-taxes-583379.html

That would be a case of improperly classifying employees as independent contractors. According to the newspaper articles, that is not what was happening. ETA: Your profile says you are a CPA. How in the world you you need this to be explained to you?

I understand that part, his failure to remit taxes. However, it is not clear on whether he actually collected those taxes from his employees. The articles say he did not, that he failed to collect as well. But then again it may just be sematics on that part. I would just like some evidence that he either did not collect and the employees knew he was not collecting or Hart messed with their paychecks so the employees thought taxes were being withheld. That is the part that is not clear from the articles. It's just semantics. The employer doesn't actually "collect" payroll withholdings from employees. The employee gets a paycheck for $1,000 (using very round numbers here), which is a net amount. The employee's gross pay is $1,500. $500 is withheld for FICA/Medicare/Federal Withholding/State Withholding by the employer, who issues a check for $1,000. The employer has the responsibility to remit those withholdings. In this case, the employer just kept the money and now he will go to prison for that.

Did a quick search of the newspaper stories to see which scenario was at play - either improperly classifying employees as independent contractors or failing to remit payroll taxes. It's pretty clear that there was a failure to remit payroll taxes. For the employees, it's highly unlikely that they would have had any idea what was going on. As far as they know they cash their paychecks, file their tax forms and go on with their lives. They will not be penalized in any way for the crimes of their boss.

Fire your accountant. Dead serious.

Random thoughts: Famous celebrities - is that redundant? I noticed half the people mentioned in this thread are not what I would consider celebrities, but politicians. Are politicians more celebrities than politicians?

Just have him read this thread.

1+ (BTW, what is wrong with my friend Viagra?) Nothing at all. Just pointing out that youth is often wasted on the young.