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25 April 2023, 10:22 PM | #1 |
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How do I show proof of income if I paid in cash?
How do I show proof of income if I paid in cash?
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25 April 2023, 10:27 PM | #2 |
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Magic
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25 April 2023, 10:30 PM | #3 |
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Welcome to the forum.
I’m not sure I understand your question. Proof of income ? |
25 April 2023, 11:16 PM | #4 |
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Proof of income for what?
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25 April 2023, 11:23 PM | #5 |
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What do you do for living?
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25 April 2023, 11:26 PM | #6 |
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25 April 2023, 11:36 PM | #7 |
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"How do I show proof of income if I get paid in cash"
Whoever gives you the cash is supposed to report this through a 1099, 1099-k or w2 depending on what type of employer it is. ask for pay stubs and accompany that with your bank deposits if you put the cash into the bank. If you are a contractor getting paid cash through customers, have them sign receipts stating the work/services rendered, date, and cost then file taxes quarterly/annually depending on business size. Then use your taxes as your proof of income as that will show what you paid to the government based off of what you allegedly made. |
25 April 2023, 11:38 PM | #8 |
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1099?
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26 April 2023, 12:38 AM | #9 |
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have your accounts 'seasoned'... that way it doesn't matter how you get paid, unless it's the IRS asking for proof.
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26 April 2023, 12:42 AM | #10 |
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Paid for what?
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26 April 2023, 12:48 AM | #11 |
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fwiw OP... I play Poker full time these days, all cash.
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26 April 2023, 02:21 AM | #12 |
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You paid cash for something, or get paid cash income?
Welcome to the forum.
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26 April 2023, 02:23 AM | #13 |
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26 April 2023, 04:59 AM | #14 |
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Your SOL…unfortunately when we get paid in cash you cannot show it. So your true income declared is substantially lower. Just one of the fallouts of circumventing the system.
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26 April 2023, 05:00 AM | #15 |
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This is starting to sound like an episode of the Sopranos
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26 April 2023, 05:10 AM | #16 |
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I used to play water polo… but my horse drowned
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26 April 2023, 05:41 AM | #17 |
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You’re not a pledge so you’re poor. Many would say.
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26 April 2023, 06:40 AM | #18 |
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26 April 2023, 06:57 AM | #19 |
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I was an IC and got paid in cash for years. I had a separate work bank account and the deposits were my income as far as IRS and loans were concerned.
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26 April 2023, 08:51 AM | #20 |
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Not suspicious at all...
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26 April 2023, 09:14 AM | #21 |
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Ask the IRS.
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26 April 2023, 10:11 AM | #22 |
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Lol
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26 April 2023, 10:37 AM | #23 | |
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Quote:
Your welcome.
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26 April 2023, 10:48 AM | #24 |
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26 April 2023, 10:49 AM | #25 |
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26 April 2023, 10:53 AM | #26 |
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Show them your last 5 years of 8-digit AGI lines on your 1040’s.
Even drug dealers can show proof of income so not a new thing. Sent from my iPhone using Tapatalk Pro
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26 April 2023, 11:28 AM | #27 |
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If it’s for a car loan some banks will take 3 months of consecutive bank statements showing the cash deposits and they average the amount.
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26 April 2023, 11:33 AM | #28 |
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26 April 2023, 11:40 AM | #29 |
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How many Xanders and Gilgameshes have signed up for TRF over the years?
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26 April 2023, 09:04 PM | #30 |
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If you paid in cash, you would need to provide a receipt or some other form of documentation to show that the payment was made.
You can also get some professional help by our team members via WhatsApp. Contact us for a quick response. Message on xxxxxxxxx |
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