The IRS Audit Blog

Posts Tagged ‘employment’

Tax steps household employers need to take

Don’t forget taxes when hiring household help. That nanny, gardener or home nurse will cost you more than salaries.

Paying Vacation

Question: How to file taxes if only cash was earned and employer will not provide proof of employment?

My husband worked last year for cash. We did not keep records of how much he earned, but estimate it at under
$18, 000. His employer says he has no record of him working there and will not provide anything. We are not looking for a tax refund, we just want to file to avoid an audit or any trouble with the IRS. We are not sure if we need to file, and if we need to file, how do we do it? There is no W-2 or 1099 and I know those things are needed to file.

Other things to take into consideration. We have one son (age 4). My husband also became a permanent legal resident in the United States in 2007. I have called the IRS to ask, but get different answers every time. Any clear advice/tax rules are much appreciated.

Answer: just file a 1040 with the irs…put the whole thing in as wages without a 1099-misc. (thats what it is, right?).

did you know that even if you earned it from stealing, bribes, drugs, or prostitution the irs wants it cut! Its in the books.

if you had no taxes withheld, then you will have to pay all of it now (as opposed to a little every week).

make sure you put the whole family to reduce the tax you will owe. also get the better of the standard or itemized deduction.

if you buy turbo tax it will guide you.

and yes, the irs may interview you to get info about your employer to verify where you got your money.
this is not guaranteed though.

IRS peers into executive compensation

As the Obama Administration seeks backing for a tax on banks’ lucrative pay packages, the Internal Revenue Service has been stepping up its oversight of executive pay through its auditing and other powers.

Represent Taxpeyers before the IRS