I don't know if this is where I should post this question but I really don't know where else to ask. I have a friend who is a cammodel and lives in Colombia. She is having trouble getting paid from her account and has asked me if I can create an account in my name and she will send me her earning into my account which I will then forward it onto her with Xoom. It looks like the cammodel site will report what she sends me to the IRS as my earning so now I want to know if I will be responsible for paying federal (24%) and state (4.95%) taxes plus social security (12.4%) and Medicare (2.9%) taxes on the money she sends me. Or if I keep good records and can show the trail of the money and text messages of our conversation detailing the whys and hows of all this can I avoid paying these taxes and just pass the full amount onto her? What information would I need to have in case I get audited? Or should I just hold the tax portion from her earning and tell her that that is what I would need to do and just pay the taxes as if it were my own earning? All this is just supposed to be temporary until she can work out whatever issues she is having with her bank. Any information or advice would be greatly appreciated.
