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.
Learn more about your options to reduce or remove an IRS estimated tax penalty. Get the facts from the tax experts at H&R Block.
Most Forms 1099-G are received for unemployment compensation or from state or local income tax refunds. Learn more from the tax experts at H&R Block.
The IRS made a change to the Making Work Pay and/or Government Retiree Credit on your tax return. Learn more about IRS notice CP12M from H&R Block.
Do you need to file estimated taxes each quarter? Learn more about quarterly tax payments and get tax answers at H&R Block.