The Mudcat Café TM
Thread #58108   Message #1105400
Posted By: Barbara Shaw
30-Jan-04 - 03:41 PM
Thread Name: Tech: Bank account for music org?
Subject: RE: Tech: Bank account for music org?
Arrrrrggghhhh!! I hate tax time! I've been using basic TurboTax for several years, and I'm guessing it will handle this. The guys in the band do so many benefits at our request that I'll probably take the full 1099 this time, or maybe take 3/5 of the tax amount off the top of the next gig or something. (TurboTax will show me the difference in the net return).

What I wonder is why this one place gave us a 1099 but no one else ever has? Under what circumstances do they have to give us one?

Reaching for the bright side, I'm learning a lot about the music business, especially about how much money you don't make. (After all the expenses I wrote down, which didn't include mileage and a few other things, we actually did NOT make any money! But boy, was it fun...)