1bassoon Posted December 20, 2010 Share Posted December 20, 2010 OK, Hive, solve THIS one: My bil emailed us today to say he's sending a check to the kids for Christmas. And then he adds, "I wrote work in the check memo. In case you were wondering, I can add it to my tax deductions lol." Great. You know, whatever, he can fudge on his taxes all he wants. I don't approve of it but - meh. Whatever. The problem is that dh and I are self-employed. Is this going to mess us up, if we get audited and they see "work" in the check memo? I'm living in fear this year that we'll be audited; self-employed, our income is down, but we get lots of gift $$ support from my parents etc that might look strange if the IRS looked at our bank accounts. What do you think? Quote Link to comment Share on other sites More sharing options...
Impish Posted December 20, 2010 Share Posted December 20, 2010 If it worries you, just say, "No thanks" Quote Link to comment Share on other sites More sharing options...
Catwoman Posted December 20, 2010 Share Posted December 20, 2010 Don't deposit the check; just cash it. It won't be a problem. (I'm assuming the check won't be made out to your business name.) Cat Quote Link to comment Share on other sites More sharing options...
QueenCat Posted December 21, 2010 Share Posted December 21, 2010 I would think they would only look at your business account, not your personal one. Quote Link to comment Share on other sites More sharing options...
1bassoon Posted December 21, 2010 Author Share Posted December 21, 2010 Yeah, I think you're right - I'm not worried about it, it's his deal, you know? Thanks for the reassurance! Quote Link to comment Share on other sites More sharing options...
Harriet Vane Posted December 21, 2010 Share Posted December 21, 2010 Another option is to print bil's email and hang on to it with a copy of the check???? Quote Link to comment Share on other sites More sharing options...
thescrappyhomeschooler Posted December 21, 2010 Share Posted December 21, 2010 Another option is to print bil's email and hang on to it with a copy of the check???? :iagree: Just in case. Quote Link to comment Share on other sites More sharing options...
Jen500 Posted December 21, 2010 Share Posted December 21, 2010 I wouldn't want someone using my kids as a way to cheat on taxes. I couldn't go along with that and I'd be calling bil and letting him know that he can't use my kids that way. Quote Link to comment Share on other sites More sharing options...
stripe Posted December 21, 2010 Share Posted December 21, 2010 I don't understand why a gift to your kids has anything to do with your business income, or what advantage this is to you, so I have trouble understanding your brother-in-law's point. I also don't think you're the first person to get assistance from family members during times of financial difficulties. Why would the IRS make a big deal about that? It's obvious your mom (or whoever) sending you money is not the same as a customer paying you for services. Quote Link to comment Share on other sites More sharing options...
Mejane Posted December 21, 2010 Share Posted December 21, 2010 I wouldn't want someone using my kids as a way to cheat on taxes. I couldn't go along with that and I'd be calling bil and letting him know that he can't use my kids that way. This. :glare: Quote Link to comment Share on other sites More sharing options...
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