Interesting development - $3000 pay to caddy from a $1.3 million winners check? (MOD EDIT - NO POLIT

[Krt22]

Yep, when I get my $2 double cheese burger I throw 50 cents back through the drive through window

[jmck]

Yep, when I get my $2 double cheese burger I throw 50 cents back through the drive through window

 

While I appreciate the sentiment I wish you wouldn’t do that anymore. Those quarters really hurt!

[ebrasmus21]

Dear golfwrx friends, just curious to hear your thoughts. When you go to a nice sit down restaurant and receive decent to good service do you tip 15%? How about when you go to a restaurant where you have to stand in line to place your order and then you have to walk to the counter to get your food when its ready? For the second example when you pay are you also adding 15% to the tip line item on the receipt?

 

The yardstick I use to determine if tipping is necessary is table service. Was the order taken and food delivered to my table? If so, you tip as the server is now making $2.13hr and survives on the amount of tips they receive. Counter service gets nada unless they went above and beyond in their service.

 

20% is the minimum. Tip 15% if service was horrible or the server/manager did not provide a service level reasonably expected. If you can't afford or feel like this is absurd, take your food to go or cook at home. A reasonable person accepts that in the USA tipping is part of the cost of dinner.

 

I'm not trying to toot my own horn but I tip 25% at all times under all circumstances. I don't know what all you peasants do but that's what I do.

 

So you tip 25% at McDonalds? 25% also when one of those new touch-screens they have takes your order and payment?

 

Yes, at McDonalds? Of course. Are you saying people don’t tip at the Golden Arches?

 

If there are only robots there I say a quick prayer to the god of robotics and carry on with my day. So far they don’t seem to notice I’m stiffing them on the tip.

[MtlJeff]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

[bscinstnct]

Yep, when I get my $2 double cheese burger I throw 50 cents back through the drive through window

 

Hey, back in the day, we made friends with these nice ladies who worked at McDonalds drive in.

 

We would pull up at the end of the night after the club.

 

And they would just throw us like half dozen quarter pounders to scarf down for free.

 

See, pays to be nice to people ; )

[MtlJeff]

Yep, when I get my $2 double cheese burger I throw 50 cents back through the drive through window

 

Hey, back in the day, we made friends with these nice ladies who worked at McDonalds drive in.

 

We would pull up at the end of the night after the club.

 

And they would just throw us like half dozen quarter pounders to scrarf down.

 

See, pays to be nice to people ; )

 

Oh man there used to be this dirty pool hall next to the club we went to, pretty much the same thing. 3AM you basically had your fill of all the leftover fries LOL

 

I used to eat them alone and wait for all my friends who picked up chicks.

[Hawkeye77]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

May help, may just raise more questions. https://www.hrblock.com/tax-center/income/wages/professional-golfer-taxes/

 

Lots of CPAs and folks with tax knowledge on here, I'm not one of them, lol. I'm assuming they may agree that making sure any individual state tax laws for reporting/filing/paying income taxes for traveling pro golfers is a big deal. A bunch of returns for some.

[DBill]

I hope this thread never ends.

[CasualLie]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

You can write off whatever you pay the caddie; it is a business expense. How you report it as a 1099 can be a bit of a pain since some States like California require you report the payment or the contract to an IC within 20 days. Although the penalty for not reporting within 20 days that you paid an independent is $24...big deal. And as you alluded to, yes, the tour player has to file income tax in any State where they won prize money if that State has income tax. Accountants and Tax Lawyers are pretty much mandatory; it's a nightmare.

[Hawkeye77]

I hope this thread never ends.

 

The way it's turning, looks like it will be open until April 16!

[Hawkeye77]

Tiger gets a controversial drop/ruling in his favor/"avoids" a 2 stroke penalty and wins by 1 at the Farmers, this thread is in the rearview mirror in an afternoon. ;-)

[Matt J]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

I think you guys are over thinking it. They just 1099 their caddie in each state as an "independent contractor." So, the base plus the bonus is pre-tax. Of course, Kuch had to claim the income from foreign soil, but he could still write off a contractor he used to make the money.

 

Sure, they owe state taxes on the money they make in each state, which is complicated, but the big liability is their federal taxes, so they're writing off all the travel, instructor fees, personal trainer, and caddie as it's part of how they earn a living. They spend a lot on accounting just to figure out what to pay each state, as the state can claim that since the sponsors are paying them to play golf and they do part of it in their state then they owe part of their sponsor money too. I'd imagine they just have to file as a non-resident and then show their purse money minus their prorated expenses for the time they spent in that state. They bring in guys much smarter than us because some states have reciprocal arrangements.

[MtlJeff]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

You can write off whatever you pay the caddie; it is a business expense. How you report it as a 1099 can be a bit of a pain since some States like California require you report the payment or the contract to an IC within 20 days. Although the penalty for not reporting within 20 days that you paid an independent is $24...big deal. And as you alluded to, yes, the tour player has to file income tax in any State where they won prize money if that State has income tax. Accountants and Tax Lawyers are pretty much mandatory; it's a nightmare.

 

This doesn't really make sense to me, again i'm not super knowledgeable with taxes for IC's as i've worked for a big company my whole life....But if by "write off" you mean they can get back the full amount, why wouldn't guys who are buddies with their caddies just pay them wayyyyy more? If you're getting it all back?

 

That can't be right can it?

[UncleJohn’sBand]

I hope this thread never ends.

 

The way it's turning, looks like it will be open until April 16!

 

NEVER ends. Not tax season ends. Just because Kuch can write it off doesn’t mean we should!

[bscinstnct]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

May help, may just raise more questions. https://www.hrblock.com/tax-center/income/wages/professional-golfer-taxes/

 

Lots of CPAs and folks with tax knowledge on here, I'm not one of them, lol. I'm assuming they may agree that making sure any individual state tax laws for reporting/filing/paying income taxes for traveling pro golfers is a big deal. A bunch of returns for some.

 

I dont know anything. (Well, we all know that ; )

 

But I imagine the pro is a corp and the caddie is a corp and they just interact in a corp to corp manner.

[Hawkeye77]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

May help, may just raise more questions. https://www.hrblock....l-golfer-taxes/

 

Lots of CPAs and folks with tax knowledge on here, I'm not one of them, lol. I'm assuming they may agree that making sure any individual state tax laws for reporting/filing/paying income taxes for traveling pro golfers is a big deal. A bunch of returns for some.

 

I dont know anything. (Well, we all know that ; )

 

But I imagine the pro is a corp and the caddie is a corp and they just interact in a corp to corp manner.

 

Never seen a corp tip a corp!

[Matt J]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

You can write off whatever you pay the caddie; it is a business expense. How you report it as a 1099 can be a bit of a pain since some States like California require you report the payment or the contract to an IC within 20 days. Although the penalty for not reporting within 20 days that you paid an independent is $24...big deal. And as you alluded to, yes, the tour player has to file income tax in any State where they won prize money if that State has income tax. Accountants and Tax Lawyers are pretty much mandatory; it's a nightmare.

 

This doesn't really make sense to me, again i'm not super knowledgeable with taxes for IC's as i've worked for a big company my whole life....But if by "write off" you mean they can get back the full amount, why wouldn't guys who are buddies with their caddies just pay them wayyyyy more? If you're getting it all back?

 

That can't be right can it?

 

That's not really how anyone is using the term "write off." Write off, means it's as if you never made the money. Kuch wins 1.3M and pays Senor Fruit Loops 50k of the prize money. He comes home and reports a gross income of 1.3 and a net of 1.3 - .005M so he's claiming a net of 1,250,000. pesos of course ;)

 

You don't deduct a write off from your taxes due, you deduct it from your "taxable income" - so the feds don't care because independent contractor caddie is paying taxes on that coin anyways. Well, at least he is if he's a US Citizen. Not so applicable in this case.

[ThinkingPlus]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

May help, may just raise more questions. https://www.hrblock....l-golfer-taxes/

 

Lots of CPAs and folks with tax knowledge on here, I'm not one of them, lol. I'm assuming they may agree that making sure any individual state tax laws for reporting/filing/paying income taxes for traveling pro golfers is a big deal. A bunch of returns for some.

 

I dont know anything. (Well, we all know that ; )

 

But I imagine the pro is a corp and the caddie is a corp and they just interact in a corp to corp manner.

Esprit de Corps

[MtlJeff]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

I think you guys are over thinking it. They just 1099 their caddie in each state as an "independent contractor." So, the base plus the bonus is pre-tax. Of course, Kuch had to claim the income from foreign soil, but he could still write off a contractor he used to make the money.

 

Sure, they owe state taxes on the money they make in each state, which is complicated, but the big liability is their federal taxes, so they're writing off all the travel, instructor fees, personal trainer, and caddie as it's part of how they earn a living. They spend a lot on accounting just to figure out what to pay each state, as the state can claim that since the sponsors are paying them to play golf and they do part of it in their state then they owe part of their sponsor money too. I'd imagine they just have to file as a non-resident and then show their purse money minus their prorated expenses for the time they spent in that state. They bring in guys much smarter than us because some states have reciprocal arrangements.

 

I don't know enough about it to overthink it LOL

 

I work for a big company that deducts my taxes, so mine are pretty easy and we have a family accountant that does them. Though one year when my wife was doing her PhD and was a dependent he got me a huge return.....I was pretty happy, i took the money, thanked him and gave him jack sh*t than bought myself a bunch of awesome stuff

[lowheel]

Yep, when I get my $2 double cheese burger I throw 50 cents back through the drive through window

 

Hey, back in the day, we made friends with these nice ladies who worked at McDonalds drive in.

 

We would pull up at the end of the night after the club.

 

And they would just throw us like half dozen quarter pounders to scarf down for free.

 

See, pays to be nice to people ; )

 

[Holy Moses]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

You can write off whatever you pay the caddie; it is a business expense. How you report it as a 1099 can be a bit of a pain since some States like California require you report the payment or the contract to an IC within 20 days. Although the penalty for not reporting within 20 days that you paid an independent is $24...big deal. And as you alluded to, yes, the tour player has to file income tax in any State where they won prize money if that State has income tax. Accountants and Tax Lawyers are pretty much mandatory; it's a nightmare.

 

This doesn't really make sense to me, again i'm not super knowledgeable with taxes for IC's as i've worked for a big company my whole life....But if by "write off" you mean they can get back the full amount, why wouldn't guys who are buddies with their caddies just pay them wayyyyy more? If you're getting it all back?

 

That can't be right can it?

 

You can deduct the whole amount and you’ll lessen your tax burden. Should get around 30% back.

[lowheel]

Is it true that players get to right off on their taxes what they pay their caddies?

 

General summary. https://golftips.gol...ions-20712.html

 

I'm actually really interested to know the answer here. I'm not an American Tax expert on independent contracting, but i think you do get some tax benefits for employees however i'd guess its not the entire amount but just partial.

 

The thing is , i believe with pro golf too it depends where the tournament was? Because some states have different tax rates or laws right? So that's why their taxes are so complicated as their earning can be in like 7-8 different states, or in this case, a different country

 

You can write off whatever you pay the caddie; it is a business expense. How you report it as a 1099 can be a bit of a pain since some States like California require you report the payment or the contract to an IC within 20 days. Although the penalty for not reporting within 20 days that you paid an independent is $24...big deal. And as you alluded to, yes, the tour player has to file income tax in any State where they won prize money if that State has income tax. Accountants and Tax Lawyers are pretty much mandatory; it's a nightmare.

 

had to be done

 

[MtlJeff]

30 pages into this thing...I'm learning stuff.

 

And onward we go!

[ebrasmus21]

30 pages into this thing...I'm learning stuff.

 

And onward we go!

 

I feel like we’re moving towards a “Gangs of New York” ending. The generous tippers vs the tightwads. Battle to the death.

 

Okay, I’m being dramatic again. The last several pages it seems we’ve been pretty well behaved.

[Steele47]

 

I do believe the secret behind this fragrance is the emotion of its construction as well as the power feeling that it evokes. It’s still very modern nowadays due to its timeless contrasting and its sensual masculine power.

— Pierre Wargnye, perfumer; creator of Drakkar Noir

[jerebear21]

Kuch ain't obligated to anything more than what was agreed upon. It's not about being cheap. It's about what's agreed upon. You don't over compensate during winning weeks and undercompensate during losing weeks.

 

There's the letter of the law and the spirit of the law.

 

Even if they had an agreement that said $3,000 base and a maximum of $2,000 tip...what kind of guy would stick to that in the event of a win? A cheap guy.

 

More likely they had NO agreement about a bonus, because the local caddie wasn't savvy enough to negotiate one. Does that make it okay for Kuchar not to pay out a bonus? Such a cop-out appealing to the "agreement".

 

Also, no one is suggesting over-compensation. If anything, people are just suggesting small compensation.

 

2% (much lower than the normal bonus for a caddie on a winning bag) would be $26,000, for example.

 

Disagree completely. I pay my portfolio manager 1% as stated via contract. I’m not obligated anymore than what’s agreed upon. He’s not taking any less if he comes up short.

 

My bookie doesn’t give me a break in juice if I lose big and I don’t expect him to give me more than what I won.

 

We don’t know what’s agreed upon thus everything is pure speculation. But we know he was a temp during the week and since he’s on the bag we know for sure an agreement must have been made. If he has issues with it then he should have said something before kuch won.

 

I don’t get why it’s hard to understand. It’s the principle of an agreement. Most people that go broke don’t have that discipline. Kuch is a decent human being and this doesn’t blemish anything.

 

(And before someone suggest Kuch took advantage of the situation or the caddy didn’t know better I’ll disagree on that as well. If the caddie did his homework he would know Kuch is statistically a shoe in for making cuts and making top 20s. He should have negotiated that ahead of time. And I’ve seen more hustlers in 3rd world country than the streets of New York. I highly doubt this caddie from Mexico was street dumb.)

[MtlJeff]

30 pages into this thing...I'm learning stuff.

 

And onward we go!

 

I feel like we’re moving towards a “Gangs of New York” ending. The generous tippers vs the tightwads. Battle to the death.

 

Okay, I’m being dramatic again. The last several pages it seems we’ve been pretty well behaved.

 

I actually think we're headed towards an "Anchorman" ending.

 

I'm gonna grab Holy Moses right before he falls into the Bear's Den and say "From deep down in my stomach, with every inch of me, I pure, straight hate you. But goddammit, do I respect you!"

[bscinstnct]

 

I do believe the secret behind this fragrance is the emotion of its construction as well as the power feeling that it evokes. It’s still very modern nowadays due to its timeless contrasting and its sensual masculine power.

— Pierre Wargnye, perfumer; creator of Drakkar Noir

 

This commercial defined my life goals

 

 

[lowheel]

30 pages into this thing...I'm learning stuff.

 

And onward we go!

 

I feel like we’re moving towards a “Gangs of New York” ending. The generous tippers vs the tightwads. Battle to the death.

 

Okay, I’m being dramatic again. The last several pages it seems we’ve been pretty well behaved.

 

[Holy Moses]

I was listening to Katrek and Maggines on Sirius XM today and John mentioned that players write off what they pay their caddies. I had never heard that before. He also said he knew the Gillis rumor before Tom Gillis tweeted it. Said a Tour caddie told him.