Posted by kyhayman on January 31, 2011 at 16:48:18 from (75.105.0.52):
In Reply to: OT- Commodity wages? posted by kswillie on January 31, 2011 at 09:41:29:
I dont see how it will gain you much. Its still earned income for your social security. It helps him as paying you in commodities keeps him from paying employers half social security but you've still got to report and pay both parts on it. Much better if he pays you in fuel, groceries, supplies, etc that you wont have to exchange for money. Not saying thats legal and its certainly not legal advice or tax advice. If he pays you in fuel, that still appears to be business deduction for him....... no way to prove otherwise.....
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