General Question

HOFFJO's avatar

When does working 'off the books' develop into a small business?

Asked by HOFFJO (7points) May 30th, 2009

This person clean houses when not at work, and now has 15 customers, including several small businesses. This person does not claim this income, nor do they pay taxes.

Observing members: 0 Composing members: 0

3 Answers

cwilbur's avatar

That sounds like it’s both working off the books and running a small business.

cwilbur (14236points)“Great Answer” (2points) Flag as…
augustlan's avatar

Gonna’ have to go with a small, tax-evading business on that one.

augustlan (47745points)“Great Answer” (0points) Flag as…
cookieman's avatar

^ What they said ^

Once one of his/her clients claims the service on their taxes (as an expense), he/she could be “red flagged” by the IRS.

cookieman (41846points)“Great Answer” (0points) Flag as…

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther