Legal Question in Business Law in Florida

tax law

Out of the country business's are e-mailing me to receive money for there clients here and cash them and sending them the money minus 10% for my fee for handling the transaction. Is this legal also would I be charged income tax on the entire amount that I cash or just the 10% that I would receive.

Thank you

Charles Lambert


Asked on 2/16/06, 3:12 pm

1 Answer from Attorneys
James Woodruff The Woodruff Law Firm, P.L.

Re: tax law

Sounds like a scam.

A common verson of what you have described is conducted as follows. The other party will send you bogus checks. You will cash them, keep your 10%. Then a few weeks later the bank will call and say the check bounced. You will be responsible for the whole amount.

Read more
Answered on 2/19/06, 5:46 pm


Related Questions & Answers

More Business Law questions and answers in Florida