Second Shooter - Receipt?

[limazita]

Hi,

I need some advice and info. I am at the point of negotiating a second shooter job. The photographer/studio is asking me if I can provide them a receipt. I am a freelance photographer.

I would like to know how giving a receipt/not giving him a receipt would affect my income from this studio.

Thanks!

[e02937]

Hi,

I need some advice and info. I am at the point of negotiating a second shooter job. The photographer/studio is asking me if I can provide them a receipt. I am a freelance photographer.

I would like to know how giving a receipt/not giving him a receipt would affect my income from this studio.

Thanks!Welcome to POTN!

I have to be honest, I don't understand the question, can you clarify a little bit? Receipt for what? What studio?

[limazita]

Thanks!

I ask for $500 for second shooting a wedding. The photographer ask me if I could provide him a receipt for the $500.

I want to know how providing him a receipt will affect my gross income. And what does this receipt mean to his business.

[tracknut]

For him, a receipt is proof that he paid you. It would be useful in several cases, for example if you subsequently claimed he didn't pay you, he could show the receipt as proof. Also when he files his taxes, he would be wanting to write off the $500 as an expense, and the receipt is proof of that expense.

From your perspective, it doesn't change your gross income. You made $500 with or without giving him a receipt for it.

Dave

[limazita]

Thanks! The photographer that I worked with before did not ask me for a receipt, this one specifically ask me for one, so I just want to know what it means.

Also, how about 1099-MISC? Do I have to fill out this form?

Thanks!

[sctbiggs]

Thanks! The photographer that I worked with before did not ask me for a receipt, this one specifically ask me for one, so I just want to know what it means.

Also, how about 1099-MISC? Do I have to fill out this form?

Thanks!

The photographer you will be working for is legal and obeys the law. The money you receive will be reported to the IRS. They need receipt for their records and for tax right-off purposes. If you want the job, do what they ask. And save about 25% of that money cause you will have to hand it over to Uncle Sam later down the road.

[tracknut]

Also, how about 1099-MISC? Do I have to fill out this form?


No, the photographer that hired you would fill out the 1099 and send it to you. There is a minimum limit ($600 I think) of payment in a year where it is not mandatory for him to send you a 1099. So if you only get $500 from him this year, you may not receive a 1099.

Dave

[gravy graffix]

that and you would have had to fill out tax info like a new hire at a job with your SSN ...

600 and below it not required.

[limazita]

Thanks!

[colonel klink]

Are you in the US? Are you supporting yourself and anyone else as a "Freelance photographer"? If you answered yes to both questions you need help beyond what you will get here. You have a choice of being in business as a photographer or doing it as a hobby. As a hobby you are required to report the $500 to the IRS (unless you live outside the US - your profile told me your "join date" and number of posts). Your tax percentage (bracket) will be deducted when you prepare your income tax return.

"The photographer/studio is asking me if I can provide them a receipt. I am a freelance photographer."

The studio hiring you should give you a check for your work so you can't say you were never paid. They want a receipt because the check doesn't prove they paid you for something they can then deduct as a "business expense". The studio's tracking expenses is something you need to do or you are throwing away money.

Since we are all making assumptions let me assume you have a photography business, at least in the eyes of the US IRS. The cost of the equipment you use is tax deductible. The miles you drive to and from the wedding are a business expense. You can deduct the cents per mile the IRS allows or your total business business miles percentage of all your car expenses. Gas, oil, tires, repairs, insurance. You are also allowed depreciation which can keep more of your money in your pocket. You are permitted a deduction for an office and or studio in your home or one away from home.

I would be happy to talk to you about this. I'm not putting my phone here but you can e-mail me directly at fmcdh@sbcglobal.net

I'm new to this foroum so don't know if I get an e-mail when anyone posts to this thread. Hope this helps.

[luisgriveratorres]

He needs the receipt to deduct it as a working expense. You would get a 1099-MiSC from him next year to file your taxes, but unless you make more than 600$ in this 1099, you wouldn't have to report it. I would give him the receipt for his records, it will not affect you at all. What you must not do is to write a receipt for an amount greater than the one you received, as this would be clearly illegal. If you need to report this income because it exceeds the reportable amount in your taxes next year, you would have to do it wether you got a 1099-MISC or not. The form itself doens't make a difference.

[egordon99]

He needs the receipt to deduct it as a working expense. You would get a 1099-MiSC from him next year to file your taxes, but unless you make more than 600$ in this 1099, you wouldn't have to report it. I would give him the receipt for his records, it will not affect you at all. What you must not do is to write a receipt for an amount greater than the one you received, as this would be clearly illegal. If you need to report this income because it exceeds the reportable amount in your taxes next year, you would have to do it wether you got a 1099-MISC or not. The form itself doens't make a difference.

You absolutely need to report ANY AND ALL INCOME! The $600 limit just has to do with whether the "client" is required to issue a 1099.

Most of my jobs are under $600, but I add it ALL up on my Schedule C on my personal tax return. Of course I keep track of all my miles driven, and any other expenses related to the shoots.