Hello! First, thanks for clicking on this post :) I'll try to be as exact as possible in my description...
Let's just say that I don't really know about finances, filing taxes, etc. so I'm not really sure if there is a point to to posting this but I just had to ask.
I had gotten fired from my last job in 2015 and was really eager to seek out a new job in 2016 after learning from my mistakes, which proved somewhat difficult. After months of searching I was finally offered a place at a small business. I started training right away, and they didn't have me sign any legal documents or tax forms, etc. I supposed this flagged me as somewhat weird, but I thought it was normal for a small business. Then my first paycheck rolls around and it's in cash. Also another weird thing to me, but I didn't think much of it at the time. Months later I asked my coworker if they took out taxes from my pay, and why they paid in cash, and she said they didn't take taxes out of my pay (which, from calculation, seems to be the truth), and that they paid in cash to avoid paying insurance (or something???) for employees. So my questions are:
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How much trouble am I in for not paying taxes, and how do I do so? Do I have to in this situation or...? (I'm sorry, I really don't know how it works, and I was really scared to find out) I feel like I owe about $840 after working there part time for half a year, but I haven't saved up that much money. Is there a payment plan I can do to pay the taxes, or should I just not spend anything for the next couple of months?
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Should I continue working at a place that pays in cash? Is this legal? If I do stay, how should I handle my pay? I don't really want to ask my boss about the financial situation.
Thanks for reading this post (if you've gotten this far! .) Any help or advice would be much appreciated.
P.S. I know I'm rather clueless about all this stuff so thanks for bearing with me. I'll be sure to further educate myself now and in the future.
TL;DR: I get paid in cash and I don't have payroll taxes???
Edit: The $840 is based on taking 20% out of each paycheck I received. :3
Submitted January 23, 2017 at 01:44AM by LimpNoodol http://ift.tt/2k76BrK
