Nov 09
2016
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Is Paying Cash Unethical?Posted by Steve Marr in Untagged |
From time to time someone asks the question about whether making cash payments to someone is unethical? Some hold the perspective that the only reason to pay cash is to help somebody avoid taxes.
In my businesses, occasionally someone has wanted to pay in currency rather than by check. In these instances I make the appropriate entries in my bookkeeping system so that it becomes part of my taxable income. Then, when required, I expect to receive a 1099 IRS reporting form at the end of the year.