Love & Sex Magazine

Taxing Questions

By Maggiemcneill @Maggie_McNeill

Many years ago I was in the business through Craigslist, but am looking to get back in as a true courtesan.  Two topics baffle me and I’d appreciate your advice.  First is screening; I never did this before, just used my gut and only once regretted it.  Is this a common practice?  Do men give their real info?  Second:  I have a legitimate job, so what I make here is going towards debt and savings.  I want to deposit any money in the bank.  Do I need to pay taxes?  Do people want to pay with credit cards?  Should I form a LLC?Taxing Questions

I think you should do a bit of research before going any further with your plans.  You can start with my “mentoring” and “screening” tags, both of which should give you plenty of material to help with your questions.  Next, you need to get rid of the idea that sex work is not a legitimate job, because it is, albeit a suppressed one.  Many people who have a square job and just do a little escorting on the side do not report their cash income even though it’s illegal not to, because prostitution is already illegal so I guess they figure “in for a penny, in for a pound”.  But being a “true courtesan” is a full-time job; if you’re going to go that route it would be most unwise to completely avoid taxes because the IRS will destroy your life if they catch you.  If you’re only doing it as a side-hustle you probably don’t need to take credit cards or start an LLC, because you simply won’t have the kind of volume that requires that.  However, it’s easy enough to take credit cards via Square.  And if you’re going to start an LLC, you had best think long and hard about what you’re going to claim it does, because banks and such are nosy and will cut you off (and possibly steal your money) if they think it’s from sex work.

(Have a question of your own?  Please consult this page to see if I’ve answered it in a previous column, and if not just click here to ask me via email.)


Back to Featured Articles on Logo Paperblog