2007-01-07 06:37:54 · 3 answers · asked by Bat 1 in Business & Finance ➔ Taxes ➔ United States
Can a employer declare money paid out on their taxes if there is no check or receipt?
2007-01-07 07:02:55 · update #1
There are a lot of rules and regulations regarding this question, so it's hard to say. If you were officially on a company's payroll, you don't have to pay the self-employment tax because the company is paying the tax. However, if they only viewed you as an independent contractor, you are going to have to pay the tax. In the latter case, the company is also supposed to send you a W-2 form for being a contractor. If they didn't withhold any taxes from the money that they gave you, then you have to pay the taxes.
If that doesn't help, read Publication 17, available at http://www.irs.gov
2007-01-07 06:43:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on the amount. if you make more than 50 dollars a quarter, you need to pay tax.
2007-01-07 14:51:11 · answer #2 · answered by Munchie Lady 2 · 0⤊ 0⤋
no,just don't get caught
2007-01-07 14:45:15 · answer #3 · answered by Linda C 4 · 0⤊ 0⤋