How To Keep Money Under The Table

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Renting to someone with payment under the table by Anonymous (Ohio ) on April 27, 2011 @01:x

I have a waitress that wants to rent my identify. This is a lower terminate rental. Practice you count tips that are unreported as part of her income? I just desire to brand sure she has 3X the income versus the rental amount. She is close to the 3X the
rental amount, only claims that not all of her tips are reported.....
The rest of her application info matches up.

[ Reply ] [ Render to forum ]

Re: Renting to someone with payment under the table by Bunny *Thousand*A*Thousand*I*C* on Apr 27, 2011 @02:xiii

[ Reply ]

I don't accept an answer to your question, only want to depict attention to this fact:

She has informed you that she is a dishonest person.

I don't know if this practice is rife among servers, but I'd be cautious. It's just better to be honest.

Re: Renting to someone with payment under the tabl by Anonymous on April 27, 2011 @10:xiv

Re: Renting to someone with payment under the table past Anonymous (CA) on April 27, 2011 @06:00	[ Reply ]

Simply mark this as a red flag, and meet what else pops up on the groundwork cheque. Equally for honesty, law catch a expert number of drug dealers and other felons through speed checks. At that place's a cerebral dissonance that if you break a major police, you lot will break a modest law. Then, yeah, this dishonesty for reporting her income may betoken other dishonest behavior.

Re: Renting to someone with payment under the tabular array past Eric (MN) on April 27, 2011 @08:13

[ Reply ]

Servers practice not report all of their tips. That is the nature of the business, which is why the IRS requires an 8% of sales allocation of tips.

Some landlords do not report all of their income. Some exercise not written report application fees, deposits not refunded, laundry machine coin as income. Some are even as nefarious as to write off items they employ in their personal residence against their rental property. Some rent rooms that they practice not even merits as income at all.

Look at rental references, credit score, and criminal tape. Await at past rent that was paid, if you are the same or lower that is good. If you are significantly higher, that�s non as good. 3x the rent is a expert guideline. Ideally 100% verifiable. Sometimes you lot have to take a risk. If everything else is OK, go for it.

Re: Renting to someone with payment under the tabular array by Jack Klein on April 27, 2011 @ten:10

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I take to agree with Eric on this...

I wouldn't worry about tips not existence reported, but I wouldn't count on all her tips to pay the rent either.

Don't be too concerned for the IRS. They're not too concerned for your best interests. And would the government lie to you lot? Nahhh!