Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago, 04/18/2014
Contractors wanting to get paid cash
Hi guys,
I'm sure a lot of you, actually I'm sure ALL of you have run into contractors that want to get paid cash, no receipt, there's one that I know does good work he offers a very good price but he wants all cash, what's your take on that? How do you handle workers that want to get paid cash for significant amount of work? If I go with this guy, I want to declare the expenses but there's no record of me paying him and I'm not sure I feel comfortable with this especially if it affects my taxes, I'm going to ask my accountant but I would like to hear your investor input.
Thanks.