marylamby
Former Member
- Joined
- Mar 26, 2019
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Not so sure the IRS is up to speed with tech. You could be right, of course.It's all locked down now. If you pay someone over $600/yr, they are sent a 1099 and you report the payments to the feds (using their TIN/SS numbers).
If the 1099 recipient does not file a tax return reporting the income, I imagine there is a cross reference check & balance whereby the IRS will pursue you mercilessly.
Also, 'good money' could be $100/day w/room incl. It's my experience that unless you're audited (they do do random audits) and if your CPA is audited, you are too. Otherwise, cash or checks paid as 'cash' might do well to avoid complications.
This JP, supposedly not being one usually in BM's employ, may not even be an issue, in any event.
JMO