If they are "employees," they are eligible for unemployment compensation if they get canned.
Can we have the truth - are the Bonus Ball players being paid or not?
- Thread starter watchez
- Start date
If they are "employees," they are eligible for unemployment compensation if they get canned.
I seriously doubt they are "employees". They are probably 1099 and not 1099 workers but contract work like the relationship between a promoter and entertainer. NO taxes will be withheld, SS and MC tax will not be withheld.
Now on the flip-side, depending if they are paid via team or player there is some simple entity planning that can help reduce the tax liability there. Be sure that BB will be sending the IRS 1099s for every cent paid out to players.
Now on the flip-side, depending if they are paid via team or player there is some simple entity planning that can help reduce the tax liability there. Be sure that BB will be sending the IRS 1099s for every cent paid out to players.
I got the big STIFFY! Summmmm Biattttch!
Filet cooked medium (warm pink center)
Grilled asparagus
Baked Potato (dry...getting fat)
House salad with low fat dressing (watching my figure again)
Defend to the end.
Anyways, if you are salary you don't have a minimum of hours.
Either way, I would file and then let the state sort it out instead of all the attorneys in this thread.
#1- entitled or not, until a wronged individual files a complaint or brings suit, he has a very low probability of recieving an award of any sort:wink:
B: I got no idea about NV unemployment law.
B: I got no idea about NV unemployment law.
Here's some of the criteria for collecting Unemployment Insurance in Nevada:
A person must have worked in employment and have sufficient wages within a base period to qualify for the claim. The work must be in "covered" employment, but is not required to be wholly within one state. The vast majority of employers are "covered" employers, but some employment is exempt from coverage, such as work performed for a church, self-employment and work performed for private employers while in the custody of a state correctional institution.
In Nevada, a person must have earned at least $400 in one quarter of the base period, and have total base period earnings of not less than 1-1/2 times the earnings in the highest quarter, OR must have wages in at least 3 of the 4 base period quarters used to calculate eligibility.
Also, individuals who are self-employed do not meet the definition of unemployed, unless the self-employment is casual in nature and can be worked at the same time as a full-time job in the person's customary occupation.
In Nevada, a person must have earned at least $400 in one quarter of the base period, and have total base period earnings of not less than 1-1/2 times the earnings in the highest quarter, OR must have wages in at least 3 of the 4 base period quarters used to calculate eligibility.
Also, individuals who are self-employed do not meet the definition of unemployed, unless the self-employment is casual in nature and can be worked at the same time as a full-time job in the person's customary occupation.
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and you can be equally as sure that 50% of the players will not be expecting and or prepared to pay those taxes, FICA etc
Its all 200% true. You know no players coming on here. Ill just take an in and out burger, since im a half ass player.
I know quite a bit @ labor laws having owned/run 14 auto service centers for 22 years (and not to derail the thread Watchez, but I can put this puppy to rest with relative accuracy).
The players are absolutely independent contractors (google "20 questions independent contractor", altho it's a confusing crappy read). BB is required to have the players complete a W4 (SS#, etc) and to issue players 1099's by Jan 31 for the previous calendar year and then file a 1096 with the state (perhaps not if there's no state income taxes in NV) and fed IRS, which itemizes and summarizes who was paid more than $600. Then they match it up (sometimes) with the independent contractors tax return.
They won't be eligible for unemployment. And no taxes, FICA, medicare withheld.
Now where's MY check for the legal work? :wink:
The players are absolutely independent contractors (google "20 questions independent contractor", altho it's a confusing crappy read). BB is required to have the players complete a W4 (SS#, etc) and to issue players 1099's by Jan 31 for the previous calendar year and then file a 1096 with the state (perhaps not if there's no state income taxes in NV) and fed IRS, which itemizes and summarizes who was paid more than $600. Then they match it up (sometimes) with the independent contractors tax return.
They won't be eligible for unemployment. And no taxes, FICA, medicare withheld.
Now where's MY check for the legal work? :wink:
It's called sympathy weight gain son..... Yours truly was "sympathetic" to the tune of 95 lbs in 9 months..... LOL
Just think this time next year it will all be over with, probably sooner, alot sooner!
I never thought I would imagine a pool player walking in the Unemployment office and telling em to get you a job playing pool because those are my skills ! tyvm :smile:
And btw i think you need 26 weeks on the books here in NYS to be eligable for a claim.
That would be very cool to get starters from the state to do some free lancing.
Hard to imagine after the IPT that anyone would invest so much to build a facility and outfit it without the financing to see it through at least a year of operating expenses in reserve.
I mean I don't know what the deal is but if indeed there are already payment issues then it's really sad. Those who don't learn from history are doomed to repeat it.
I mean I don't know what the deal is but if indeed there are already payment issues then it's really sad. Those who don't learn from history are doomed to repeat it.