Fireup2020
Thinks s/he gets paid by the post
- Joined
- Feb 5, 2007
- Messages
- 1,250
Here's the lowdown:
My disorganized housemate wants to pay me to organize her office, set up all online bill pay accounts, organize her properties etc... (and get her 2003-06 tax stuff organized to send to her tax professional - yes, it is truly a disaster!) I LOVE this kind of stuff - but could never do it for a living - how do I keep the invoices, etc straight for my tax purposes? Can I sneak it all under the table? Or just have her deduct it off my rent? I am really not sure what the tax ramifications are for this.
Thanks!
My disorganized housemate wants to pay me to organize her office, set up all online bill pay accounts, organize her properties etc... (and get her 2003-06 tax stuff organized to send to her tax professional - yes, it is truly a disaster!) I LOVE this kind of stuff - but could never do it for a living - how do I keep the invoices, etc straight for my tax purposes? Can I sneak it all under the table? Or just have her deduct it off my rent? I am really not sure what the tax ramifications are for this.
Thanks!