Will IRS find out?

Question

I have a part-time job and get paid weekly by the check writen in my name and given me directly. BUT neither my SSN nor any personal information (except for name) was asked for when I got hired. As you can see I don't get paycheck stubs nor do I get any taxes taken out. Is there a way IRS can track this income?

I'm not a sub-contractor and the checks are written from personal acount NOT BUISNESS, also my boss doesn't expect none of use to file for taxes

Answer 1

I worked at a job where I got paid like that for 2 years....as long as youre not making a HUGE amount of money...u should be fine. What is it u do?!

Answer 2

The statute of limitations limits the time during which an action can be brought by the IRS for an audit and the time for IRS tax collection activities. Generally, there is a 3-year statute of limitations for the IRS auditing a tax return and a 10-year statute of limitations for the IRS collecting tax.
Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-1(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS. Similarly, under 301.6501(a)-1(b) of the Tax Regulations no proceeding in court by the IRS without assessment for the collection of any tax can begin after the expiration of 3 years.

Under section 6501(e) of the Tax Code and section 301.6501(e)-1 of the Tax Regulations the statute of limitations is 6 years if the taxpayer omits additional gross income in excess of 25% of the amount of gross income stated in the tax return filed with the IRS.

Answer 3

You should get a 1099 early next year, and you will be paying as if you are self-employed which is a much higher rate for SS and Med than if you were being taxes as an employee.

If you don't report this income and get caught, you will be very sorry.

Answer 4

Maybe not directly from you, but the company has to mark you down as an expense somehow on their books. If they are audited, they have to have records of your employment. The IRS will, then, look you up.

I'd go ahead and pay your expected wage taxes, if I were you.

Answer 5

If you're depositing that money in the bank, or cashing it at some check-cashing business, there IS going to be a paper trail. So yes, there are records that the IRS can track.

You want to fly under the IRS's radar, it's gotta be cash ONLY...

Answer 6

Probably not. But if your employer has your SSN and they give you a 1099 form you will need to declare the income and pay income tax.

Answer 7

Sooner or later they are going to lean on your employer and force him to get the info from you. If there is a check then there is a written record and your tax-dodge days are numbered.

Answer 8

One big problem about getting paid "under the table" is that no one's paying social security. I have a friend who did that for years -- and now that she's thinking about retirement, she is shocked to discover how small her social security check will be. If you don't pay in, you don't get paid, right when you need it because you're too old and sick to work!

Answer 9

I would talk to your employer and find out how they are reporting your income if at all. You are cashing the check so that's all the proof they need. You might be able to skate by for awhile but eventually it will catch up to you.

Answer 10

Well I wouldnt report it but if the employer ever get in trouble and has tax problems, they will turn over all these records. Life is fuill of problems like this