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Level 2
September 12, 2021
Question

Self employed funding Roth?

  • September 12, 2021
  • 3 replies
  • 16 views

I did independent contract work for a company.it was a mom and pop farmers market job. I was paid in cash every few days. I never received a 1099 from this company. Another person has their phone number now.  None of this really surprised me.  Am I still able to find my IRA/Roth IRA, even though I have zero evidence I actually worked?  Is there a way to write 6000 on a tax return without any documentation or evidence?

 

3 replies

Level 15
September 12, 2021

It is not rare for income to be in cash and you report it on Sch C and can fund a Roth on the basis of that earned income. 

Level 2
September 13, 2021

Am I required to give the details of who paid me on my tax return/schedule c? Like their name address phone number and business name?  Cause I don't have any of that information. It was a super informal  relationship. All I knew was their first names.

Level 15
September 13, 2021

That information is not required.