i need help - Found job paying cash

[Abdulinlove 1]

have not been able to find work here.finally found one but she wants to pay cash.is it ok to deposit that cash in our joint account.things have been har hard financially and i would like to hepl my wief.will file to remove conditions soon

[Bobby+Umit 161]

Certainly - ensure you report the income on your taxes.

[Ning 619]

have not been able to find work here.finally found one but she wants to pay cash.is it ok to deposit that cash in our joint account.things have been har hard financially and i would like to hepl my wief.will file to remove conditions soon

Working for cash makes you an independent contractor. As such you need to ask for a 1099 form from the employer. This allows you to file taxes & working legally.

[Abdulinlove 1]

Working for cash makes you an independent contractor. As such you need to ask for a 1099 form from the employer. This allows you to file taxes & working legally.

I hope i am not doing anything illegal. when do i ask for form 1099? Will surely report this income on taxes.

[I AM NOT THAT GUY 5,715]

I hope i am not doing anything illegal. when do i ask for form 1099? Will surely report this income on taxes.

Report the income on Schedule C and file Schedule SE.

[Ning 619]

I hope i am not doing anything illegal. when do i ask for form 1099? Will surely report this income on taxes.

You are not doing anything wrong. In a legal sense an independent contactor supplies labor & possibly tools to do work but can not supply materials. You should get the 1099 from the employer before April 15th of 2011.

There is another post that explains how you can file your taxes later.

[I AM NOT THAT GUY 5,715]

You are not doing anything wrong. In a legal sense an independent contactor supplies labor & possibly tools to do work but can not supply materials. You should get the 1099 from the employer before April 15th of 2011.

There is another post that explains how you can file your taxes later.

An independent contractor also sets his/her own hours. She would probably be a statutory employee, but either way, she needs to report the income on Schedule C and pay her Self-Employment taxes on Schedule SE.

ETA: Even if she does not get a 1099 from her "Employer", she still is required to report income. 1099 are sent out before the January 31 following the end of the Tax Year to anyone paid more than $600 for labor.

Edited May 14, 2010 by ##########