I am curious to what are some of your opinions on working “under the table”.
Here is my situation. I am a union construction worker. I got laid off from my company about 4 weeks ago. I filed for unemployment and have been looking for work. I am registered with my union on the “out of work” list but the list is long and it will most likely be 3 or 4 months before they call me with a new work assignment. That is why I have been trying to find my own work.
Now, I ex co-worker of mine told me a few days ago that he knows a guy who needs people to work for him doing some work that I have experience in. He will pay cash (a good amount less than I normally make, but just a little more than I will get if I just stay on unemployment) and I can remain on the “out of work list” for my union and able to check in when necessary to keep my number on the list. I seriously want to take this offer if it pulls through. I don’t absolutely need the money per-say but not working has been the source of a lot of anxiety for myself recently. I just do not know what to do when I am not working and I think about things too much and cause myself a lot of distress in my own head. That is why I want to get back to work. But not something like flipping burgers or working in a office … I like hard physical labor. I was made for it.
It goes without saying that I will NOT collect unemployment if I do take this offer up. But, what are my other obligations besides that? I am thinking I need to still report any income I get and pay taxes on it. But what I am worried about it do I have to report how and who I got this income from? Will that cause the IRS to maybe come after the man who will be paying me cash under the table? I do not want to get him in trouble, I just want to work and pay my taxes on my income so that I am being honest. Will that be enough, or am I going to be pushed into a wall to report the name of this mans company and possible get him in trouble? It is not my concern if he is paying his taxes or not and I feel no obligation to turn someone in for such a matter, I am not a cop. What do you guys think? What would you do?