I am paid with personal checks, so I suppose technically I am an independent contractor. No taxes are taken out of the checks, so I have been saving 30% of each that I receive for taxes. I know it's risky, but should I not pay taxes for the personal checks I have received if my employer does not report them? Would the IRS bother me (anytime soon) for $7000? I figure if they come after me years later, I can just negotiate and get on some sort of payment plan then. I really would rather use the money I have saved up to pay off my credit card debt. WaMu and Citibank have to be worse than the IRS, right?
2007-11-22
13:10:27
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13 answers
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asked by
kanshefle
1
in
United States