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seashell 01:07 PM 08-06-2009
Originally Posted by Unregistered:
To answer your question (instead of bashing you), your main concern is IRS. If your parents are claiming their payments to you as a tax deduction, and you are not reporting them as income, you leave yourself open to IRS audits. If you DO claim your income, and they see that you are not licensed... you leave yourself open to audits.

Yes, you can hire a helper. Same thing with them though, if they claim income and you dont claim expense... there is risk. AND if you and he/she DOES claim income/expense when you dont have a license... there is risk.

In addition, what you are doing is illegal. To take income and not report it, or report the income as a service fee without having a license, is plain illegal. If you get audited you will be in trouble. As someone above mentioned, the action is up to your state and county regulators. however, you will probably get a slap on the hand and told to get a license.

P.S. Its easy to license.... save yourself the headache at tax time and get it done.

Im confused . . . where in this post does it state she did not intend to pay taxes? Did I miss the fine print?
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