Cash under the table: If caught what will happen to me?

So you are a freelancer. When you do your taxes, there is a place to put additional money you make. Type or write in $200. Complete tax return and sign and mail (or hit <enter> if using TurboTax, TaxAct etc.

No worries.

Why go to the effort to report it? Well, there are a whole slew of things that could happen in your life in which this rinky dinky amount of money could become an issue. An issue you may find ridiculous, but the IRS (or other agencies) wouldn’t. Just add it to your tax return, and avoid these unlikely but possible scenarios. Plus, every bit of money that gets added to your bottom line looks good to people who issue car loans, mortgages, and so on.

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