4 ms·
When individuals report income, they don't report the person that gave them that money. Example, as a teenager mowing lawns for your neighbors, you just told t
by jonwachob91 5y ago
When individuals report income, they don't report the person that gave them that money.
Example, as a teenager mowing lawns for your neighbors, you just told the IRS you made $x,xxx mowing lawns for the fiscal year. Not that your neighbor named Susan at 1234 fake street paid you $xxx/month to mow her lawn 4 times a month, or that Joe from 4321 real street purchased the upcharged package that includes managing his compost bin.
Cash is the undisputed champion of privacy for financial transactions.