Many unknowingly or deliberately fail to report cash income from side jobs, tips, small business sales, and gig economy work. The IRS estimates that over $500 billion in tax revenue is lost annually due to unreported income. Since cash transactions often lack a paper trail, it's crucial to report all income to avoid legal repercussions accurately. #TaxCheat #CashIncome #TaxTips #IRS #GigEconomy
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