Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi & thanks for using our service. I'll do my best to give you a complete & accurate answer. Please ask me to clarify anything you don't understand.
How much did you receive in cash in 2010?
What type of work generated this income.
Are you a US Citizen?
How old are you?
I received 14,300 aproximally in 2010.
I am a mechanic.
im 38 yrs old/
Are you a US citizen?
yes, I am
Well, you will owe some income tax, but also social security tax of $2,100. Income tax will depend upon your deductions
What is it you want to know? The IRS go back to earlier years also & ask how you were supporting yourself if you didn't make any income & file tax returns
what does $ 2,100 mean for social security?
Does IRS make any other type of deduction on my cash>?
What do you mean?
Are you allowed any deductions/
why will i own money to IRS if i get paid in cash and there is not federal/ state deduction on it?
Because if you work "under the table" you are still responsible for your income tax & social security tax & state income tax.
Evidently the person you work for isn't doing the right thing & treating you like a regular employee.
But that doesn't excuse you.
so you are lucky you haven't been caught yet
do you stil recommend me to file my 7 prior years income taxes? i have 7 yrs without filing any.
even if i have to pay to IRS?
where are you going to get the money for that
will it be a lot of money huh
so you dont recommend me not to file?
you should go to a local account & get started wit the 2010 & then decide what to do
what about if my job gives me a w2 form to report my income?
I can only tell you you should file; it is the law;
but i can't tell you what to do; that's your decision
they wont give you a W2 for what you've already done
if i get a w2 form from this job and i decide to file my 2010. will i be still charged from the IRS for not filing previous years?
let see i get a w2 from another job
You cant get a W2 if they paid you in cash & didn't take out takes
let's say I have a new job and i get w2 form from them.. do i still have to pay back to IRS for not filing previous years?
yes, if they catch you
ok... got it
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