J
John_D
Guest
Hi people.
Is getting paid under the table a venial sin?
A mortal sin?
A sin at all???
Please help… thanks.
Is getting paid under the table a venial sin?
A mortal sin?
A sin at all???
Please help… thanks.
That is so funny! LOL It could be true but so funny.Personally I would be more afraid of the IRS, because God has more mercy.
What is the IRS limit anyway??We pay one of our service providers in cash because she doesn’t have a bank account, and isn’t able to easily convert checks into actual money. The actual amount ($50/week) is well under IRS limits for any kind of reporting, so that isn’t a problem.
Good question. I was thinking it is $2000/quarter, but I don’t really know for sure.Thanks for the replys.
What is the IRS limit anyway??
the IRS limits for reporting may be much less than you think, and in any case social security applies to all wages, you had better obtain up to date publications from IRS on this topic. also the cases in which you may report on a 1099 (which does not require withholding income or SS taxes) have been drastically limited so you better get up to date info on this also. Being paid in cash is not the same as being paid under the table. You still report and withhold on compensation paid in cash (if required), the method of payment has no bearing.We pay one of our service providers in cash because she doesn’t have a bank account, and isn’t able to easily convert checks into actual money. The actual amount ($50/week) is well under IRS limits for any kind of reporting, so that isn’t a problem.
You totally crack me up!!!Personally I would be more afraid of the IRS, because God has more mercy.
Thanks for the info (and thanks to DeniseR) as well. I will check it out; we just started this a month ago, so I guess I still have time to do any reporting that I need to do. Since it’s tax time anyway, downloading a few more IRS publications shouldn’t be too hard.the IRS limits for reporting may be much less than you think, and in any case social security applies to all wages, you had better obtain up to date publications from IRS on this topic.