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If you received a company check with your name on it, but you decided to deposit in on someones bank account, will you be liable for tax?

2007-04-08 16:54:13 · 2 answers · asked by artotoy 1 in Business & Finance Taxes United States

2 answers

What you do with the check after you get it has no effect on what taxes you owe.

2007-04-09 03:15:55 · answer #1 · answered by Judy 7 · 0 0

What was the check for? Was it payment for services, or paying you for selling the company something?

If the check is income to you, you cannot avoid tax on the income by assigning that income to someone else.

2007-04-09 01:27:09 · answer #2 · answered by ninasgramma 7 · 0 0

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