I disagree. When I hear something about money, how it effects taxes is the first thing I think of.
I know a stripper how owned a house and got into monumental trouble with the IRS. You can't hide a house or its payments. Her troubles went on for years, until she pretty much destroyed everything with a meth habit. She lost her husband, house and finances, and her daughter. This last one really destroyed her. She burned her bridges with local dancers and club managers too.
A very nice and honest stripper talked with me for hours, wanting to know how to stay out of trouble with the IRS. She wasn't being tricky, she was trying to be honest. She just hadn't thought about such things before. She talked about depositing money in the bank, and she asked if it should be the same amount every week. She kept asking how people get into IRS trouble.
So I explained that it is when your lifestyle and your documented cash flows exceed your reported income. She accepted this. I explained that what they want is to know that you are telling them the truth. And so as far as depositing money in the bank, that does not prove anything. And they will know that for her job, she gets different amounts of money each week.
So she was asking about having the club management document her income. I told her that that does not prove anything either, and the club management doesn't really know. And then, most people who get cash income do not want there to be any records.
So it ended up with me looking up the filing and reporting thresholds for state and federal for various marital statuses. Then she asked me if I would do her taxes.
At that time I was married, and besides I am not qualified to do that. So I declined.
Shailynn, you hear about money and don't think about taxes? Is this because you have learned to live like a stripper and your money is all under the table?
SJG