Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

I occasionally deliver food for a friends resturant, making…

Hello. I occasionally deliver food...
Hello. I occasionally deliver food for a friends resturant, making mostly tips and very little pay. I haven’t made much, And was told it’s not worth claiming since I don’t have a W2 or anything. I work a few other jobs and paid taxes on them, and taxes on tuition reimbursements, and bonds, etc. Ihave to file for fafsa for a loan for graduate school. I have to Include my tax information, as well as my current balance of my checking and savings account. I don’t believe I have to provide the details of the account such as account number and stuff, just the balance. By giving the balance an I implying the government or my school has my approval to access my accounts and look at my finance history and activity? I hardly ever have much, unless I do side jobs and help around the neighborhood. Does the government or Institution have ability to look into my accounts arbitrarily or am I letting paranoia get the best of me?
Show More
Show Less
Ask Your Own Business Law Question
Answered in 5 minutes by:
3/10/2018
Law Educator, Esq.
Category: Business Law
Satisfied Customers: 126,758
Experience: All corporate law, including non-profits and charitable fraternal organizations.
Verified

Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

Under Homeland Security and money laundering laws, the government CAN look into your accounts and see balances and they can track your credit card spending history too, which is one way they find terrorists.

Also, with FAFSA, they can pull your application for verification and force you to bring in proof of the income and assets and debts.

So you need to disclose all of the account information (cash tips you put in your pocket, no they cannot track those) and you need to be as close to accurate as you can be.

Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page, as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.

Ask Your Own Business Law Question
Customer reply replied 5 months ago
I’m getting all different information. I was informed by a different lawyer that if I made under 10,400 I don’t have to file and the government doesn’t arbitrarily track accounts unless they have a reasonable cause which requires a warrant to do so.I apologize I don’t believe my question was worded correctly.I work odd jobs, deliver pizza occasionally, and my parents help me for doing work around the house. I do have a job that I paid taxes on with a W2, two actually. I also paid taxes in student loan reimbursements and bond interest. However, since my tax returns showed I made 6k last year, if I put down I have 3-4K in my checking does anyone have the authority to open an investigation? That money came from saving, collecting bottles and cans, fixing my neighbors house, etc. I was informed I’m not consenting to allowing them to search my records and track my account. Do I have any reason to worry that theyll look at my account and decide to come after me? Or is that just paranoia? I’m pretty sure IRS has more concerns than busting a delivery driver whose working his way through grad school who pays taxes.Doesn’t their have to be extreme circumstances to invoke that homeland act such as suspicion of money laundrrjng, or the such.I believe we spoke before on a similar issue, you were very helpful before in informing me that the IRS isn’t interested in busting pizza guys who make next to nothing

Thank you for your reply.

The government does not "arbitrarily" track accounts but they can look at accounts when you file for federal aid etc.

They cannot track cash earnings. You also do not have to file taxes if you make under that amount, so the lawyer was correct about that.

I told you the IRS is not looking for you and your little cash tips as well previously.

All I am telling you is that you have to be honest in your report on your FAFSA and make sure the records match what you put on the form. They are not going to dig into your cash earnings and punish you for not reporting them, just make sure what you report is accurate.

Ask Your Own Business Law Question
Customer reply replied 5 months ago
Oh, yes, 100% i intend on being accurate. If my tax said I made 5540 that’s what’s being put down. My worry was that if that’s what my taxes say, but I have 4000 in my account because of all those other earnings previously mentioned I would raise a red flag and be arrested.So what you’re saying, even if I have close to the amount my taxes said I made last year, no ones gonna come after me since they don’t track that. I was worried that just having those deposits in my account of like 100,200 would be enough to spark a red flag.So bot***** *****ne, no one will care if I have close or above what my taxes said I made as I could have very well gotten the money for my birthday, odd jobs etc. all that matters is that I accurately fill out the fafsa? I was concerned id spark an investigation even by being honest on the form.
Customer reply replied 5 months ago
I apologize for the questions I’m just a highly anxious individual and I like to do things right

Thank you for your reply.

I know you are anxious about these things. That is correct, as long as you are close to what you report on you taxes on your FAFSA, nobody at all will come after you and they will not go to even look at anything in your accounts.

Just be as honest as possible in your reporting and there is nothing at all to be anxious about.

Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page, as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.

Law Educator, Esq.
Category: Business Law
Satisfied Customers: 126,758
Experience: All corporate law, including non-profits and charitable fraternal organizations.
Verified
Law Educator, Esq. and 87 other Business Law Specialists are ready to help you
Ask your own question now
Customer reply replied 5 months ago
Thank you sir!

Thank you

Ask Your Own Business Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Business Law
Satisfied Customers: 126,758
126,758 Satisfied Customers
Experience: All corporate law, including non-profits and charitable fraternal organizations.

Law Educator, Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

2,032 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

778 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

683 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

604 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
If a person is not able to complete a professional school,
If a person is not able to complete a professional school, for reasons out of their control, and know have hundred thousand dollars in student loans.Since the "student" could never graduate and is not… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
This question must be answered by a U.S. Certified Public
This question must be answered by a U.S. Certified Public Accountant (CPA) with international business experience or attorney that is a member of a U.S. state's bar association with a specialization i… read more
taxmanrog
taxmanrog
Master\u0027s Degree
1,049 satisfied customers
I was just accepted into a grad program today. I will have
Hello sir! I was just accepted into a grad program today. I will have to apply for loans. I know that after tuition most students get a certain amount back for living expenses. Technically you're supp… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
126,758 satisfied customers
I am a graduate student and an enterpreneur. Recently, I did
Hello! I am a graduate student and an enterpreneur. Recently, I did not receive financial aid for my school's upcoming semester, so I have to pay for tuition this semester. As an individual, I do not … read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,336 satisfied customers
I own a LLC company and want to re an unpaid intern. I do
Hello,I own a LLC company and want to hire an unpaid intern. I do not have any employees as all the work is outsourced. Is it allowed for me/company to hire unpaid intern? I do not intend to get work … read more
KLAW
KLAW
Juris Doctorate
2,381 satisfied customers
What is the process to get a California Bar Registered
What is the process to get a California Bar Registered ('brick and mortar') Law School recognized for FAFSA (and other) grants?… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
126,758 satisfied customers
Bill,I sold my business last March. The buyer did not
Hi Bill, I sold my business last March. The buyer did not provide a promissory note for the remaining balance and has made the monthly payment for the last 8 months.… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
126,758 satisfied customers
The school district put me on the payroll and all the regular employee
The school district put me on the payroll and all the regular employee taxes are taken out.… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
126,758 satisfied customers
501C (3) Church-Exempt Schools Independent Contractors
My wife works at a 501C (3) Church-Exempt Schools Registered with the Maryland State Department of Education. The church owns the property and do not charge rent or other fees for the usage of the bui… read more
TexLaw
TexLaw
Attorney
Post-Doctoral Degree
4,347 satisfied customers
Hello, my question is: can I break a contract with a private
Hello, my question is: can I break a contract with a private school before the end of a school year? My son attends a private school for children with autism. It is special education. I signed him las… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
1,611 satisfied customers
I am investigating a business model where people will go online
I am investigating a business model where people will go online to buy gift cards (including department store gift cards and prepaid credit cards) for their personal use or as gift to others. A small … read more
socrateaser
socrateaser
1,031 satisfied customers
My corporation sponsored a program that awarded scholarships
My corporation sponsored a program that awarded scholarships to kids that completed our program. When each program participant gets accepted to an accredited college/university the institution will be… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
Taxation on Income By Fellowships I have been awarded two
Taxation on Income By Fellowships I have been awarded two fellowships to pursue to PhD. The information that I received in my handbooks regarding taxation are as follows: Fellowship 1 states: As a fel… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
My daughter started a business that helps students raise money
My daughter started a business that helps students raise money for college. The company is incorporated and is a for profit entity. She allows students to sign up (free of charge) at her website www.m… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Education tax deductions for 2009 I have never done my own
Education tax deductions for 2009? I have never done my own taxes and I don't know much about them, but this year I was going to try to do them using Turbotax (I heard it was easy). I did some researc… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
1,611 satisfied customers
I hope someone can give me advice about my situation. My late
I hope someone can give me advice about my situation. My late husband had a small business selling products wholesale to mostly schools and museums (this was in addition to his regular job). I helped … read more
socrateaser
socrateaser
1,031 satisfied customers
Need help on an LLC I already asked on this site whether
Need help on an LLC: I already asked on this site whether I am an owner of an LLC. I only signed for 2553 to elect for s corp status. I never signed an operating agreement or the articles of incorpora… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
Hello, I am on the school board of a small private,
Hello, I am on the school board of a small private, parochial school in New Castle county Delaware. Although rare, we occasionally have parents move their children to another school while still owing … read more
Lawgirl
Lawgirl
Founder
Doctoral Degree
4,606 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x