If I’ve made a few errands by making withdrawals for a neighbor at a bank, how can I defend myself so that they are not considered to be my income?
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If I’ve made a few errands by making withdrawals for a neighbor at a bank, how can I defend myself so that they are not considered to be my income?
How this was done is that the neighbor wrote checks in my name. I have cashed the checks and then dispensed the money to a neighbor. I want to know is if those checks can be considered as income?
Asked on October 10, 2012 under Business Law, Pennsylvania
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You can essentially deem what the checks truly are a transaction where you had them written to you by the neighbor, cashed by you and the cash simply given to the neighbor. The checks essentially are not income to you and do not need to be claimed as income for you. Likewise the neighbor should not give you a 1099 for tax reporting purposes concerning these checks.
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