Thread: Massage Parlor Reports
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02-11-17 00:09 #16485Senior Member

Posts: 788C Corp
Yes, I believe C Corp status allows / requires you to pass all income and loss back to the owner in the form of a Schedule K-1. That probably also includes any payments she is sending to China. Those should be made from her income and not from business profits or as business expenses.
Originally Posted by Bob521
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02-10-17 22:38 #16484Regular Member

Posts: 1Princess is legit. I know a girl who works there. They have a few new girls and more coming in, but they're not doing anything. Yet. Probably in due time but the owners run it legit. Belmont is the go-to. Hard to go wrong there.
Originally Posted by ChedLet64
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02-10-17 15:10 #16483Senior Member

Posts: 667Hows the Gooski
What up old man? I've let messages on your phone? You ok.
Originally Posted by Magooski
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02-10-17 11:53 #16482Banned Member

Posts: 4190Sounds like you are working on the green card?
Originally Posted by Bob521
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02-10-17 11:35 #16481Senior Member

Posts: 1255Taxes
Yes. That's very helpful, thank you. The only footnote, I learned. We (she) had to be a C-corp because she is not a resident alien (yet). No green card, (yet). I can't be the owner since I still have an American wife who signs the tax return. I'm looking for tax software to handle her taxes. I use Turbo tax for my personal and investment taxes, TaxAct for my LLC, (because Turbo tax is way too expensive and my business is simple consulting and fee income).
Originally Posted by Truthfu11
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02-10-17 11:27 #16480Senior Member

Posts: 1255Business
Thus far no profit in 2016. But we have enough cash flow to sustain her and allow her to send monthly money to her Mom & Dad for their living expenses. She also donates about $100 a month to charity. We introduced ourselves to our neighbors in the mall and asked them to nominate charities for us to donate. My return on investment is karma, not cash.
Originally Posted by DMichaels69
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02-10-17 11:09 #16479Senior Member

Posts: 13947th
The only one I knew of by 47th was on western, about a block from the Home Depot. She usually runs an add with just a pic of cleavage. I've had a decent time there a couple of times, this goes a little while back though. There was also the Latina apt in that area, not a place I would recommend. I had one decent visit at that place, which ended in a Greek lesson. My last visit there I had rubbing alcohol thrown all over me by some fat ass 50 plus year old with a hemroid.
Originally Posted by GerkinJerkin
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02-10-17 10:09 #16478Senior Member

Posts: 788Taxes
Bob, If she's paid herself a wage the company should issue her a W2. Along with that comes withholding and paying FICA and SS to the Feds. The business profits will roll to her personal return and are not taxed at the corporate level. She probably doesn't qualify as an Independent Contractor (which any employee might) since she provides the place and all the materials for her work.
Also, any loss rolls to her personal return. Be aware that a business can only claim a loss something like 2/5 or 4/7 years otherwise it loses status and has to be declared a hobby.
The usual caveat, consult a professional tax accountant or attorney. This is not tax advice.
Originally Posted by Bob521
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02-10-17 09:43 #16477Senior Member

Posts: 275Business taxes
I use an expensive but competent accountant. Pm me if you want info.
Originally Posted by Bob521
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02-10-17 09:41 #16476Senior Member

Posts: 580Deductions
You can deduct all expenses on towels, paper products etc. Any internet / Comcast, advertising costs, bottles of water. But I imagine you know that already.
Originally Posted by Bob521
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02-10-17 09:30 #16475Banned Member

Posts: 4190Is the business making money yet? Are you looking for a return on your investment or are all the profits her's?
Originally Posted by Bob521
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02-10-17 08:57 #16474Senior Member

Posts: 50Bob521
Well said
.
Originally Posted by Bob521
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02-10-17 04:14 #16473Senior Member

Posts: 1255Taxes
Speaking of taxes, its that season again and this year I'll be doing my taxes, my business taxes (as an LLC), Mei's taxes, and Mei's business taxes (as a C-Corp). If anyone has any suggestions having gone down this path before (on the massage side) I'd be really interested in advice. I know she has to pay herself a "market" wage, and we've kept good records. I "loaned" her the money so she would not owe taxes on the gift. Any other thoughts? Thanks, Bob.
Originally Posted by Bob521
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02-10-17 03:44 #16472Senior Member

Posts: 1255Protocol for Legit
First, thank you for your business. It's actually Mei's place. I funded the business for her and I spend a fair amount of time there doing my own work (investments and financial consulting.).
She will take you to the room. You may undress and cover yourself with the towel.
It goes without saying, and forum members are well aware, but other pointers for any legit (no / he) place are (1) Don't grab her or try to cop a feel. (2) Don't deliberately flash your junk (3) Don't ask for a HE, (4) Don't jack-off during the massage. All of this has been attempted, and it really upsets her. And it upsets me also, since we're a couple. This should seem obvious, and certainly at a place like Massage Envy, you would not try those things. AS I've said before, some of our best customers are forum members. All respectful, good guys. They appreciate a good strong massage, and they also appreciate what a nice person she is. Bob
Originally Posted by E2304
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02-09-17 23:26 #16471Senior Member

Posts: 275West river, on grand
Previous Good reports with some YMMV over the past six months. I saw Nono, late 20's to early 30's, thin hourglass Asian figure, average face. I went for one hour plus TS. She had sweet personality and gentle touch. Throughout the hour she used a gentle hand and smooth strokes. Deep tissue back walk was thorough. She used an understated "accidental tease" that kept me guessing. 60 for L1, $100 nude. I wasted my money and had a good hour. Finish was pleasantly Unrushed. She is a clever, gentle lady.








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