if i started my lawn business i dont see myself paying any taxes because i only take cash and checks. would the govenmnt find a way to make me pay taxes?
2007-01-24 11:16:46 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
SSSHHHHH! They might be listening!!!
Remember Richard Hatch who won $1m on the firt season of Survivor? Or how about Wesley Snipes?
Save yourself the heartache and legal expense. Get a good CPA and plan plan plan. Its not as bad as you thnk its going to be... and its MUCH better than spending 18-24 in the pokey!
2007-01-24 11:25:18 · answer #1 · answered by sdmike 5 · 1⤊ 0⤋
If you made over $400 for the year, then yes, you're required to pay taxes. Taking just cash and then evading the taxes on your income is against federal law and can get you into major trouble if you get caught. You are required to keep good records of what you take in, and report it for tax purposes.
Also, if you ever need to get a loan for anything, the lender will probably want to see your recent tax returns - just what are you going to do then?
2007-01-24 11:51:56 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You are required by law to report your income and pay the appropriate taxes. If you somehow did get audited in the future, they would wonder how you purchased things without having any income.
2007-01-24 11:22:01 · answer #3 · answered by TaxGurl 6 · 0⤊ 0⤋
if its just a " tom dick and harry " lawn mowing-for -pocket-money then you dont have to, but if its professional lawn-mowing then you have to register your business and pay taxes...
you know what they say, in life there are only two sure things, death and taxes... one good thing about death though is that it does not increase every year
2007-01-24 11:25:51 · answer #4 · answered by Clive Roland 5 · 0⤊ 0⤋
well it depends on how old you and if you wont to be honest to the IRS. any money you make is so-posed to be reported to the IRS and pay taxes on.
2007-01-24 11:26:57 · answer #5 · answered by shiga_what 3 · 0⤊ 0⤋
i assume you propose a house and workplace cleansing. you desire first to recruit one or 2 people who will artwork with or for you, or you will possibly be able to desire to stay in basic terms working on my own. practice a 'flier' - a leaflet you're able to do on a working laptop or computing device- asserting what you do and hand grant it to workplaces contained in the section. you will possibly be able to additionally grant it to properties contained in the section. examine out the advertisements contained regionally papers, human beings merchandising for a air purifier to return in for some hours a week. as quickly as you commence utilising human beings you will possibly be able to desire to grant your employer a acceptance which includes cleansing Angels or in basic terms abode and workplace Cleaners. it would be properly worth whilst turning out to be a member of your community Chamber of commerce; there you will get lots of loose suggestion and get in touch with many employer people who hire workplace cleaners. And good success. examine out the enjoying cards displayed on your community positioned up workplaces and newsagents the place human beings wanting cleaners generally positioned up their standards. in case you are able to manage to pay for it, take a small advert contained regionally newspaper.
2016-09-27 22:58:32 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Big brother is watching. They will know.
2007-01-24 11:23:43 · answer #7 · answered by gosh137 6 · 0⤊ 0⤋