I own a small painting business (my only source of income). I have about 60% of my customers who refuse to pay tax so they give me cash instead. I know this is wrong, but I don't want to loose my customers. What happens when I go to file my taxes (state and federal), and it shows as under $10,000 income for my entire family for the entire year?? I live in the same house as my family, so they pay most of the bills. (another story). Do I still have to file my income taxes as usual, and will I be putting up a red flag for lack of income?? I am loosing sleep over worring about this. Thanks for your time.
2007-12-12
01:04:07
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6 answers
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asked by
Jill S
5