Re: When does cash mean Cash

Posted by Allen on June 05, 2001 at 08:59:04 from (207.44.55.175):

In Reply to: When does cash mean Cash posted by mike on June 04, 2001 at 10:18:11:

Running a small business, I can tell you that we have had more trouble with fraudulant chargebacks on credit cards than bad checks.

Bottom line is, there is nothing to be gained by getting mad, and mebbe insulting the poor fellow. He may well be of the old school, and it simply never crossed his mind that someone wouldn't accept his word, or his check. Or, perhaps he is afraid to carry large amounts of cash for fear that he might lose it (I "misplaced" an envelope with $400 once, it wasn't funny). Simply explain it again, and offer to hold the check as deposit.

As for the suggestions that somehow cash isn't taxable, it is, but unless you make a significant portion of your income buying and selling tractors the income tax is negligible (you don't pay income tax on the gross, just the net (sale price - cost) unless you have already completely depreciated it). Where they DO git ya (here in Pa, anyway) is they want sales tax too, even from yard sales. If you don't voluntarily report it, and they find out you got trouble, the penalties and interest can easily double the (in our case) 6% it was to start with.

Follow Ups:

Post A Followup Name: E-Mail: Subject: Re: Re: When does cash mean Cash Comments: Optional Link URL: Link Title: Optional Image URL: Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]