Reply to So people will be taxed on venmo and zelle transactions?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People paying cash, check or by Zelle or Venmo
Are also tax cheats.

I say that as I did a $30,000 renovation. Guy asked for cash. He said he does take credit cards but a 3 percent processing fee and his tax rate is 28 percent on the profit and he has payroll taxes for workers.

So like $36,000 on the books.

He explained part of his issue. Most of his workers want cash and the wholesalers of goods want a check.

Literally he paid his workers weekly out of cash I paid him. Right in front of me.

We decided he take a check for materials but cash for workers.

They were not illegals. One was a licensed plumber moonlighting his day job and did not want a trail. Other worked for Pepco. Same thing.

So it is not just tax evasion, but he was fine on the books but you had to pay more [/quote]

What are you talking about?

It’s not about illegals. Why do you think the plumber and electrician didn’t want a paper trail? Tax evasion. It was just tax evasion.[/quote]
The people who really want to evade taxes are still asking for cash only payments. Even idiots know that if the IRS checks their bank statements during an audit and they don’t report payments made through payment processors it’s going to be obvious they cheated them. [/quote]

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