First of all, there is zero bootleg about profitable someone in cash. It is adult to them to news a income on their state and sovereign income taxation returns. However, greatfully note that we are legally compulsory to emanate all payees a Form 1099 to all people that have been paid some-more than $600 during a calendar year. The earnings contingency be filed with a IRS by a finish of Feb immediately following a year for that a income equipment or other deduction are paid. Copies of a earnings contingency be sent to payees, however, by a finish of January. The form requires a recipient’s name, address, and amicable confidence number. If we destroy to news a payments around a compulsory Form 1099, we will be theme to a $250 smallest chastisement from a IRS per worker, per year. It appears that these “cash only” employees are seeking we to violate sovereign law unless they give we their authorised name, address, and Social Security series (assuming they will accept some-more than $600 per calendar year from you).
As we can see, there are some-more issues than simply how it might impact Medicaid eligibility! As distant as Medicaid, though, we must
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