my bos had me cash checks for rhe purches of houses that were put in my name untill they went into escrow what taxs will i have to pay as i am no longer working there
Answer
Escrow will likely send you a 1099 as the seller. The IRS will lilely ask you to prove what income you got and why you are not reporting the sale proceeds. This sounds like a tool used to hide taxable income, and you get to be the fall guy. I would suggest you seek tax counsel.
No comments:
Post a Comment