My boss wrote a check, in my name to be cashed. I gave him the cash.
My question: Can I technically be liable for the tax due on this money?
If, say, my boss doesn't take the right course of action? What course of action would he need to take, if any? I don't know the law, so is there a way I can protect myself from being liable? Thank you.
1 Answer | Add Yours
The answer to your question depends on the Tax laws in your country.In most countries where money received is taxed,you are the recipient,therefore you are liable for the tax due on the money.The law isn't aware that you gave your boss the money.
We’ve answered 318,944 questions. We can answer yours, too.Ask a question