Question

I need to know how to do your taxes if you get paid cash. I’m not sure how to pay taxes if paid in cash — how do I go about reporting my cash earnings?

Answer

Regarding how to do your taxes if you get paid in cash, you must report all income from a business or side job, regardless of how you were paid. This includes:

  • Cash
  • Credit
  • Debt
  • Paypal
  • Barter

Here’s how to pay taxes if paid in cash if you received more than $10,000 in cash in one transaction or two or more related transactions: report it to the IRS using Form 8300.

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