Cash "under the table"

absweetmarie
Fri, 09 Mar 2012 07:46:48 +0000

Just curious why one would encourage a kid not to report income on a tax return? If it’s not going to make an impact on the tax she owes, then it won’t make an impact. It is reportable. She earned the money. I never have any income to report other than what is on my W2, but I have to imagine there’s a spot on the tax return form that says something along the lines of “other income.” I don’t think the Wall Street wizards hiding millions are germane to the discussion. If she made the money in cash, it’s not traceable, of course, so filing or not filing is a matter of honor.