I have had an off the books job for about two years now. It was my first job. I am now 20, and I am wondering if it would be wiser to get a job on the books. I love my job now because I make so much money at the pizzeria, but my boyfriend keeps telling me I should get a job on the books because I can't say that I have experience. HELP??!!
2007-06-05 13:58:10 · 3 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
If I should, does anyone have any ideas? Probably a place where I can still waitress....??
2007-06-05 13:59:57 · update #1
Being off the books doesn't change the fact that you do have experience.
It just means that you (and your employer) haven't been paying taxes, which is illegal, by the way.
I recommend getting a job where taxes are taken from your paycheck so that you can be eligible for such things like employment insurance (incase you lose your job), and maternity leave (incase you become pregnant) because right now you are vulernable.
And now that you are older, you should be considering investing in the future, which means opening up a Registered Savings Plan (RSP) and people who don't pay taxes are not eligible to make the same kind of interest as people who do pay taxes. Plus, it will look mighty suspicious come tax time.
Example:
"Hmmm. This young lady has $XXXX in an RSP account, but according to our records, she isn't working (She isn't paying taxes). So where is the money coming from? Will we have to audit her? I think we should audit her."
It's one of the main reasons drug dealers launder their money. If the tax man ever found out, there would be criminal charges laid.
Just ask the winner from the first season of "Survivor", Richard Hatch. He is currently serving a 4-year prison sentence for tax evation so...
Listen to your boyfriend and get new job!
2007-06-05 14:31:42 · answer #1 · answered by taarna_73 2 · 0⤊ 0⤋
It's not just a matter of not saying you have experience. What you're doing is illegal and can get you prosecuted by the IRS. If they catch you, the LEAST that will happen is that you'll have to pay substantial back taxes, interest, and penalties.
Your employer is also doing something illegal by paying you off the books. And if he gets caught, you get caught.
2007-06-05 15:30:42 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
very few employers are willing to risk paying someone off the books. if you get hurt, you can own their company. the liability is too great
2016-05-17 15:15:26 · answer #3 · answered by layla 3 · 0⤊ 0⤋