Uh, it is only "tax free" if he is cheating on his taxes!! |
| Your accountant son cheats on his taxes? |
How many coaches or people in general that pay taxes when they get paid in cash? I am not aware of any. |
Possibly the dumbest and most irrelevant comment ever. |
seriously? lol |
Most people. |
| I can't believe pp doesn't see anything wrong with her *accountant* son stealing from the government by cheating on his taxes. |
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I laughed at the "tax free" comment too. Sorry honey- your son is suppose to be declaring that cash as income on his taxes, so if he's not, he's a tax cheat. You should've kept that little tidbit to yourself..
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This is a bizarre thread.
Why are we so interested in what the coaches get paid? Whether or not coaches pay taxes is between them and the IRS. I really care less what they get paid. I’m more concerned about what I pay the club and the value (training, etc.) my DC gets on being in that club/team. |
Your son is a bad accountant. |
I beg to differ. A great account shows their clients all of the legal ways to reduce tax liabilities. I empathize “legal”. |
And not paying taxes on $25,000 is legal? Your son is a fraud. |
I’m the PP but not the PP that has that son. It’s very illegal if he didn’t claim this income at all. |
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Most restaurants do not report cash transactions because it is a "cash" transactions and they know they can get away with it.
My daughter takes private soccer lesson at $100/hr and I actually asked the coach if he actually pays taxes on coaching soccer when parents pay him cash or personal check. He laughed at my question and said absolutely not. Why would he pay tax if he can get away with it? It is very hard, if not impossible, to prove a cash transactions. |
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One, the accountant is doing it as a side gig- do you all think the grandma that has piano lessons at her house is reporting the checks that parents give her for training their 9 year old?
Two, when talking about coaches and their salaries with clubs, thats reported income by the club. Its a different situation totally. |