SnooperDuper
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- May 14, 2013
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Many self employed people work every day for the same employer as independent contractors. In those circumstances it is their responsibility to take care of their own taxes. Apparently JV didn't take care of his taxes as an independent contractor and DM bailed him out with the taxman and then changed the work relationship to being an employee on the payroll so that JV didn't have to worry about having the same problem again. I'm guessing that when Millardair shut down after Wayne's death, that he was no longer able to keep that arrangement.
JV thought he was an employee and evidently did not understand the distinctions between working as a contractor for an employer and being an employee. JV thought he was an employee.
I don't think JV was bailed out on his taxes but that DM was irresponsible with his paperwork.
Also, real estate commissions and referral fees don't go directly from the seller to the agent in cash, they go from the seller to their lawyer to the agent's offices and then to the agent. I can't imagine someone working under the table in that situation, I assume since the money comes from their agency it would be hard to hide from their taxes. The agency probably got a cut of that money as well, which I imagine that they claimed in their taxes too.
So what do you call a payment that is not a commission that goes directly from the seller's mom to the non-involved real estate agent?