Big Masonry Job
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Big Masonry Job (by Mapleaf18 [NY]) Feb 16, 2024 7:05 PM
       Big Masonry Job (by Jason [VA]) Feb 16, 2024 7:13 PM
       Big Masonry Job (by Robert,OntarioCanada [ON]) Feb 16, 2024 8:52 PM
       Big Masonry Job (by Allym [NJ]) Feb 16, 2024 9:11 PM
       Big Masonry Job (by 6x6 [TN]) Feb 16, 2024 10:09 PM
       Big Masonry Job (by 6x6 [TN]) Feb 16, 2024 10:11 PM
       Big Masonry Job (by don [PA]) Feb 16, 2024 10:59 PM
       Big Masonry Job (by Mapleaf18 [NY]) Feb 17, 2024 6:41 AM
       Big Masonry Job (by Mapleaf18 [NY]) Feb 17, 2024 7:06 AM
       Big Masonry Job (by Still Learning [NH]) Feb 17, 2024 9:44 AM
       Big Masonry Job (by Just Tim [AR]) Feb 17, 2024 11:08 AM
       Big Masonry Job (by zero [IN]) Feb 17, 2024 5:41 PM
       Big Masonry Job (by 6x6 [TN]) Feb 17, 2024 8:27 PM
       Big Masonry Job (by Robert,OntarioCanada [ON]) Feb 17, 2024 9:39 PM
       Big Masonry Job (by Ray-N-Pa [PA]) Feb 18, 2024 4:20 PM
       Big Masonry Job (by pete [OR]) Feb 18, 2024 7:34 PM
       Big Masonry Job (by don [PA]) Feb 18, 2024 10:16 PM

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Big Masonry Job (by Mapleaf18 [NY]) Posted on: Feb 16, 2024 7:05 PM
Message:

Have a big pointing job coming up on the brick four family. We have an older retired gentleman that is a Mason and has done good work in the past. He lives out in Mennonite /Amish Country but is not a member of that faith. Problem is he wants to get paid in cash AKA under the table no W-9.

WWYD? --216.182.xxx.xxx




Big Masonry Job (by Jason [VA]) Posted on: Feb 16, 2024 7:13 PM
Message:

I’d pay the man in cash if he does good work. --71.63.xx.xx




Big Masonry Job (by Robert,OntarioCanada [ON]) Posted on: Feb 16, 2024 8:52 PM
Message:

The plus side is the job is going to cost less then negative side is can not write off work on taxes. In jurisdictions like in the Scandinavia countries as taxes are really high is a dentist and plumber exchange services where no money changes hands. In the house it does not matter as can not write anything off. Here it is cash under table where people are paid under the table. Make sure a scaffold is used along with all the equipment is safe. It is not advisable that work like this is done with a ladder. While expensive but faster is to rent a skyjack. --207.236.xxx.xxx




Big Masonry Job (by Allym [NJ]) Posted on: Feb 16, 2024 9:11 PM
Message:

The keyword here is big. I feel he can't complete it in good time due to physical issues and you will just be waiting on him to finish. I think you should find the guy with the skyjack, as Robert mentioned and he won't be in Amish Mennonite country for sure. --173.61.xxx.xxx




Big Masonry Job (by 6x6 [TN]) Posted on: Feb 16, 2024 10:09 PM
Message:

Would if you pay him in increments of less than $600.00 each increment?

Would that put you under the requirements? --73.190.xxx.xxx




Big Masonry Job (by 6x6 [TN]) Posted on: Feb 16, 2024 10:11 PM
Message:

Maybe even write the first check using his first name, the second check his middle name, a third check to his wife, ect... --73.190.xxx.xxx




Big Masonry Job (by don [PA]) Posted on: Feb 16, 2024 10:59 PM
Message:

6x6 If the guy wants cash, he wants cash, not a series of checks. Look, it's not an in depth analysis. If the net cost of a job from a trusted contractor of similar quality, after deducting the expense from your taxes, is more than just paying the pseudo-Amish guy cash and not deducting it, then hire the pseudo-Amish guy.

You don't get a "cash" price and then try to pay with a method that leaves a paper trail! There's a reason that the guy wants cash, and I think we can guess it.

Finally, keep in mind that this job seems like a cap improv that you will have to depreciate over many years, as opposed to a repair that you can deduct all at once. That makes the tax deduction a lot less valuable. --73.141.xxx.xxx




Big Masonry Job (by Mapleaf18 [NY]) Posted on: Feb 17, 2024 6:41 AM
Message:

This guy actually DOES own a lift/skyjack. --216.182.xxx.xxx




Big Masonry Job (by Mapleaf18 [NY]) Posted on: Feb 17, 2024 7:06 AM
Message:

Don, yes I will most likely be depreciating this. Haven't yet got into cost seg. --216.182.xxx.xxx




Big Masonry Job (by Still Learning [NH]) Posted on: Feb 17, 2024 9:44 AM
Message:

If you are paying cash with no 1099, then how are you showing it as a capital improvement and depreciating? If you pash cash, wouldn’t you pay cash yourself and it wouldn’t exist on your books? --184.167.xxx.xx




Big Masonry Job (by Just Tim [AR]) Posted on: Feb 17, 2024 11:08 AM
Message:

How many dollars are involved? --68.1.xxx.xx




Big Masonry Job (by zero [IN]) Posted on: Feb 17, 2024 5:41 PM
Message:

Maybe paying for the materials and then cash out for the labor?

But then again tuck pointing is more labor than materials so probably not a big savings grace either.

I like the idea of working the numbers both ways.... tax savings by declaring it vs total savings by just going out of pocket. --107.147.xx.xx




Big Masonry Job (by 6x6 [TN]) Posted on: Feb 17, 2024 8:27 PM
Message:

don, your right. For some reason I forgot about the whole cash part and went to thinking about the 1099 requirements. --73.190.xxx.xxx




Big Masonry Job (by Robert,OntarioCanada [ON]) Posted on: Feb 17, 2024 9:39 PM
Message:

I rented a Skyjack for two days where had to get a certificate from government where was good for only three years. I should have a instruction manual where it took the first day to work the Skyjack where fixed all the balconies and welding railings. A Skyjack here is expensive where $50,000 to $60,000 to buy along with hydrylic houses have to changed where are under very high pressure. One has to be really careful when using a Skyjack. The main advantage with Skyjack is no scaffolds require which take time to assemble then move. That should be a one or two day job. --207.236.xxx.xxx




Big Masonry Job (by Ray-N-Pa [PA]) Posted on: Feb 18, 2024 4:20 PM
Message:

Tim,

From experience - five figures --24.101.xxx.xxx




Big Masonry Job (by pete [OR]) Posted on: Feb 18, 2024 7:34 PM
Message:

Is he insured? --35.132.xxx.xxx




Big Masonry Job (by don [PA]) Posted on: Feb 18, 2024 10:16 PM
Message:

Mapleleaf, if you go with the cash guy, then you cannot depreciate it because you have no documentation of it. You have to treat it like it never happened. That is the essence of a cash job. --73.141.xxx.xxx



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