Is receiving checks made out to cash the same as receiving cash when claiming to IRS how much you make per yea

Is receiving checks made out to cash the same as receiving cash when claiming to IRS how much you make per year? Which is better to do and why? should i receive checks made out to cash or only receive cash? Because i dont want to be paying high taxes at the end of the year while im doing side jobs for cash. Can IRS find out you have been Cashing alot of checks payed to "CASH" in your account?

Is receiving checks made out to cash the same as receiving cash when claiming to IRS how much you make per yea
Income is income. It doesn't matter if it's paid in checks made out to Cash, cash, direct deposits, credit card charges, or frozen pizzas. It's all the same as far as the IRS is concerned. Your final tax liability won't change 2¢ based upon the method of payment.
Reply:Why not ask them: http://www.irs.gov/contact/index.html





Or just pay your fair share of taxes looser.
Reply:Whether you receive cash or checks made out to cash, it's taxable income. You imply that you aren't claiming it. When you get caught, you'll owe a lot more than you would have if you followed the law and paid your tax in the first place. You "don't want to be paying" your tax - I suppose you think everyone else wants to? What makes you so special that you don't have to follow the law?





There are a number of ways the IRS can end up catching up to you on the taxes you've been evading.
Reply:Let's see, you get audited. The IRS asks to see your bank statements and you go oh, those deposits don't count because the check was made out to cash. Dream on.





As for your customers who pay you in cash (I *always* write checks--I won't hire you otherwise...and if I suspect you don't pay taxes because you are dumb enough to tell me, I'll turn you in), you are still required to report every penny of this income. During that lovely audit, the IRS agent is going to add up what you spend (a "consumption" audit if you will) and if it's clear you aren't declaring all your income, you just expanded the audit to the last 6 YEARS.





And guess what, you finally comply, you full pay the SE tax and then you discover that the SSA won't credit you for earnings reported more than 3 years late. Good buy $25-$50-$100 a month in retirement benefits.
Reply:I paid taxes on every cent I made. It's people like you cheating the government that cost all honest people to pay more taxes. I don't know if they can trace it but I hope they do. You aught to be real proud of your self.

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