Will Work for Fabric
01-10-2011, 04:06 AM
#42
Junior Member
Join Date: Oct 2010
Location: Williams In.
Posts: 192
Two years ago I retired. A month later I went to work at our LQS, just for fun.We have over 7000 bolts of fabric. I love it. Quilters are such wonderful people. I only work now when she needs the extra help, but I teach a small projects class once a month, and I do the Moda Club meetings once a momth. I love anything that has to do with Quilting!!
01-10-2011, 04:37 AM
#44
Super Member
Join Date: Nov 2010
Location: Dayton, TN. but hometown is Rockford IL.
Posts: 1,407
Originally Posted by Anne Marie
Originally Posted by QKO
Not to rain on your parade too much, but do make sure you remind your employer to fully report the value of the goods she is giving you in return for your work, both to the IRS and to you on the correct IRS forms. You will, in turn be required to report it as income, which could also affect any government benefits (such as social security) that you are receiving. Also, you and your employer will have to pay into all the other state and/or federal taxes required by employers, such as unemployment, workers comp, etc.
The IRS is now specifically targeting LQS's for hiring and paying workers in this fashion, and the penalties for non-reporting of barter income are severe. If your LQS is caught not reporting income to you, you will also be audited for non-reporting of income.
The IRS is now specifically targeting LQS's for hiring and paying workers in this fashion, and the penalties for non-reporting of barter income are severe. If your LQS is caught not reporting income to you, you will also be audited for non-reporting of income.
01-10-2011, 04:56 AM
#45
Senior Member
Join Date: Mar 2010
Location: Pennsylvania
Posts: 741
There are ways around all the red tape - such as your NOT working, your simply helping out a friend. Since when does the government need to stick it's nose into friendly bartering? They steal enough money from us as it is and then turn around and blow it right out the window - paying to study the mating habits of the common brown dog tick for one.
01-10-2011, 05:06 AM
#47
Super Member
Join Date: Nov 2010
Location: Dayton, TN. but hometown is Rockford IL.
Posts: 1,407
Originally Posted by Suzi
There are ways around all the red tape - such as your NOT working, your simply helping out a friend. Since when does the government need to stick it's nose into friendly bartering? They steal enough money from us as it is and then turn around and blow it right out the window - paying to study the mating habits of the common brown dog tick for one.
01-10-2011, 05:25 AM
#48
Super Member
Join Date: Feb 2009
Location: Twin Falls, ID
Posts: 1,409
That is what happened to me after I retired. I have never regretted it. The owner pays me, but I have been there for over 7 years now and have never received a paycheck. When I see all those beautiful fabrics come in, I just can't resist.
Julie
Julie
01-10-2011, 05:32 AM
#49
Senior Member
Join Date: Jul 2010
Location: Wisconsin
Posts: 502
I worked in a yarn shop for yarn one day a week, a good idea and soon customers came while I was there for help and instructions. Later on I bought the business, sold it 22 years ago and not a week don't go by that someone doesn't call or come over for knitting or crocheting assistance.
Carol J.
Carol J.
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