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TownsendPLocke

Charges dropped in Rentboy case

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  • Members
Posted

I can't imagine all the grief and legal expense this caused these poor people. I wish there was some way for them to recoup the cost.

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Although it will not make them whole, again, at least the employees can deduct their legal fees and related expenses on their 2015 income tax returns.

The deductions will reduce their tax liability for 2015. The tax benefit is better than no benefit or no relief.

  • Members
Posted

Assuming that they're all reporting their income.

Did you get a chance to read that bizarre complaint filed with the court involving Rentboy?

Although the complaint included a lot of unnecessary details about sexual terms used in ads placed on the site, the complaint also discussed how the employees were paid.

The employees were paid a salary and were getting a Form W-2 each year.

The W-2 is a starting point for the reported income. Their income was reported. The legal fees and related expenses can be deducted against the W-2 income, assuming the fees and expenses were paid.

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