Sunday, November 15, 2009

If I earn extra money during the year do I need to claim it?

if you put the money in the bank you need to file it but if it was cash they will have to prove it.

If I earn extra money during the year do I need to claim it?
The IRS requires you to report worldwide income...that means anything you earn (however you earn it) needs to be claimed as income on your tax return, unless specifically excluded by law,
Reply:Well, yes - what is really your question?
Reply:yes unless it's cash
Reply:If it's cash you really don't because you don't have any proof that you've earned it. If you don't have a W-2, don't claim it.


No comments:

Post a Comment