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?
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:
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.
What triggers the IRS to audit a tax return? Learn how common tax mistakes and errors can be a red flag and affect your chances of being audited by the IRS.
Find the current percentages for federal income tax rates, capital gains tax rates, Social Security tax rates and more from the tax experts at H&R Block.
The key to understanding your w-2 form is decoding the boxes and numbers. Learn how to read your w-2 form with this box-by-box infographic from H&R Block.
The tax experts at H&R Block outline how students and parents can file Form 8863 and document qualified expenses. Read about Form 8863 here.