Legal Question in Business Law in California
My boss wrote a check, in my name to be cashed. I gave him the cash.
My question: Can I technically be liable for the tax due on this money?
If, say, my boss doesn't take the right course of action? What course of action would he need to take, if any? I don't know the law, so is there a way I can protect myself from being liable? Thank you.
Asked on 2/01/13, 4:52 pm
2 Answers from Attorneys
Robert Kubler
The Kubler Law Firm
"My boss wrote a check, in my name to be cashed. I gave him the cash." - WHY?
Answered on 2/03/13, 12:21 pm
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
If your boss writes you a paycheck, that's income to you, and you'll owe tax on it.
If you cash a personal check for your boss, that's not a paycheck, and you don't and won't owe any taxes on the amount.
This seems pretty simple. Am I missing something?
Answered on 2/03/13, 3:46 pm
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