This pertains to Mississippi.
I want to report an individual to the IRS for unreported income but don't know if I can prove anything I claim, would the IRS follow up with a proper investigation or am I wasting time pursuing this?
What I know about the situation is an individual owns a home in Mississippi and has collected $700 monthly rent from three occupants since 2012.
There is no written rental agreement, and no receipt is given but the tenants pay cash every month. I know the names and addresses of the four people involved. Is there anything else I could reasonably collect for the report?
I want to report an individual to the IRS for unreported income but don't know if I can prove anything I claim, would the IRS follow up with a proper investigation or am I wasting time pursuing this?
What I know about the situation is an individual owns a home in Mississippi and has collected $700 monthly rent from three occupants since 2012.
There is no written rental agreement, and no receipt is given but the tenants pay cash every month. I know the names and addresses of the four people involved. Is there anything else I could reasonably collect for the report?