How can my husband claim on taxes what he makes cash?
Aside from his regular job, my hubby started helping our neighbors keeping the lawn, trimming the trees, and all that landscaping stuff. He wants to start his landscaping business by next year. We live in Miami, Fl. How do we claim in our taxes that money he gets paid "on the side". The customers give him personal checks and sometimes cash but we don't want to do illegal stuff. He just started a week ago but it's going really well and we're going to the accountant tomorrow, but I'll love to hear some answers today please. Thanks!
Asked By: vicky - 10/3/2010
Best Answer - Chosen by Asker
Ok you can start learning today for your appointment tomorrow with the accountant... More
Answered By: Bobbie - 10/3/2010
Additional Answers (2)
He files a Schedule C with his regular tax return. He needs to keep track of his income and his expenses. He pays income tax on the net income from the business, plus self-employment tax.
Answered By: ninasgramma - 10/3/2010
he needs to keep track of how much he is paid and report it on sch C if he plans to operate any kind of business he better get in the habit of keeping records
Answered By: tro - 10/3/2010
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