enricosuave
Member
What is the name of your state? CA
I have a real estate investment LLC and at times would like to just hire high-school kids or general day laborers to do yard cleaning, trash-hauling that sort of thing. But since they aren't able to give me a business receipt and usually work for cash, how do I claim this on my taxes since (if I got audited) all I can show for the expense is an ATM cash withdrawal that was used to pay day-laborers??
p.s. No, high-schoolers and day-workers don't want checks.. they want cash at end of the day, so a cancelled check isn't a feasible solution, though it would work for tax reasons.
I have a real estate investment LLC and at times would like to just hire high-school kids or general day laborers to do yard cleaning, trash-hauling that sort of thing. But since they aren't able to give me a business receipt and usually work for cash, how do I claim this on my taxes since (if I got audited) all I can show for the expense is an ATM cash withdrawal that was used to pay day-laborers??
p.s. No, high-schoolers and day-workers don't want checks.. they want cash at end of the day, so a cancelled check isn't a feasible solution, though it would work for tax reasons.