Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Can you get away without paying tax for cash in hand jobs?

Hey

If you work cash in hand jobs can you get away without paying tax? People keep telling me that if you work jobs that you just get paid in cash and have no contract or anything that you can hide the money and not pay tax, is that true? What if you put the money into your bank account? Surely the government could see that your making money if you deposit the cash into your account? If someone I know is doing this is it bad of me to report them?

10 Answers

Relevance
  • wilson
    Lv 6
    1 decade ago
    Favorite Answer

    Haha... Your question threw me off... Cash in... hand jobs...

    Anyway, um, yeah, lots of people work under the table and don't report it. It's very common. You can get into trouble but I've never known anyone who has. Just remember that it also means that a) you are doing something illegal, b) if you're American, you're not adding to your social security worth, meaning, less benefits to survivors if you die, etc., c) if you are laid off, you cannot claim that income in an unemployment claim... I'm sure there are more downsides I'm not thinking of.

    I wouldn't report the person. What's the point of that? Yeah, it doesn't feel "fair" but there are a lot of worse things going on around you, I'm sure.

  • 5 years ago

    2

    Source(s): Take Surveys Get Paid - http://onlinesurveys.iukiy.com/?broF
  • Anonymous
    5 years ago

    Jobs That Pay Cash In Hand

  • Jss
    Lv 7
    1 decade ago

    On your tax return you must report all your income.

    If you are getting cash in hand that is not as regular employee, then this is self employed income. You must file tax return if income is $400 or more.

    If you do not report this income, you can get into trouble with IRS even after couple of years. Suppose the employer is audited, and then the employer reveals that they paid you in cash.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Can you do it? Sure.

    Is it legal? NO

    Can you get caught, and are there consequences for getting caught? Yes.

    If this is just small money, few side jobs, is IRS likely to find out? No

    If you make more than $400 cash work are you required to file tax return? YES

    Can you report some one else to the IRS? Yes

    Is it bad to report some one else to IRS? No

  • 5 years ago

    Online Surveys For Cash : http://onlinesurveys.uzaev.com/?dGqo

  • Judy
    Lv 7
    1 decade ago

    Sometimes you can get away with it, but it's illegal. And if and when you get caught, you owe not only the tax but some serious penalties. It's possible to also be prosecuted and get prison time.

  • Britt
    Lv 5
    1 decade ago

    It's illegal and if the government finds out you'll have to pay penalties and the taxes, I don't think it's worth it if they find out. I have known someone who's gotten in deep sh!t with the tax people, you don't want them as your enemies.

    I would say it's an emergency just so I can get you to read this... but does that make it an emergency? Because there is a sense of urgency there, no?

    http://ca.answers.yahoo.com/question/index;_ylt=Ah...

    but seriously take about 20 min of your time to do some good reading, I'd like to talk to people about what they think not only on the paper but on the topic itself. (it is slightly abstract).

  • Anonymous
    1 decade ago

    Money you get for hand jobs is taxed as ordinary income.

  • Anonymous
    5 years ago

    I also asked this same question 2 times, and haven't gotten a proper answer

Still have questions? Get your answers by asking now.