It's interesting how I always come to ATOT when I have a question regarding the operations of some system. In this case, I am inquiring about how taxes work in my case.
Currently, I have never paid taxes, since I have always worked for cash jobs and tips (or had under 5k of normal income -- bi-weekly payments by check).
My questions is simple, but I do not know if the answer is. Currently, I am working at a gym; I am virtually a walking encyclopaedia of health, nutrition, training, form, etc. Of course, for liability, they would like me to be certified for me to work for them. This really is not a concern, since I only have a small problem with the principle of me paying for someone to tell me that I know as much as I do.
A friend of mine with whom I work at the gym gave me a location in which he would like to train. It seems there is a very strong client-base there. If I were to accept payment only by cash or check, would it be possible for them to prove that I receiveded the income (the checks)? Also, if I deposit money into a regular US checking account, who's to say that I did not find it on the street? What I am wondering is: if I am depositiing 3-6k a month into my checking account and do not file taxes, would I get myself into trouble? I have no idea how this all works and really would not care to bother myself with learning it's functioning methods; however, I do not want to be hit in the face with some kind of claim against my not filing. Obviously, I could do off-shore, but I am interested in finding out if they can prove it or not. It doesn't make sense as to what right they have to claim it (but that's the US for you).
Summary: If I am not registered as a business, am receiving cash and checks as payment, deposit that into a US banking account, and not file taxes, in what kind of mess would I possibly be?
Is a safer alternative to become a tax exile and run an international business with off-shore banking in tax havens?
Currently, I have never paid taxes, since I have always worked for cash jobs and tips (or had under 5k of normal income -- bi-weekly payments by check).
My questions is simple, but I do not know if the answer is. Currently, I am working at a gym; I am virtually a walking encyclopaedia of health, nutrition, training, form, etc. Of course, for liability, they would like me to be certified for me to work for them. This really is not a concern, since I only have a small problem with the principle of me paying for someone to tell me that I know as much as I do.
A friend of mine with whom I work at the gym gave me a location in which he would like to train. It seems there is a very strong client-base there. If I were to accept payment only by cash or check, would it be possible for them to prove that I receiveded the income (the checks)? Also, if I deposit money into a regular US checking account, who's to say that I did not find it on the street? What I am wondering is: if I am depositiing 3-6k a month into my checking account and do not file taxes, would I get myself into trouble? I have no idea how this all works and really would not care to bother myself with learning it's functioning methods; however, I do not want to be hit in the face with some kind of claim against my not filing. Obviously, I could do off-shore, but I am interested in finding out if they can prove it or not. It doesn't make sense as to what right they have to claim it (but that's the US for you).
Summary: If I am not registered as a business, am receiving cash and checks as payment, deposit that into a US banking account, and not file taxes, in what kind of mess would I possibly be?
Is a safer alternative to become a tax exile and run an international business with off-shore banking in tax havens?
