Can I Get in Trouble by the IRS for Having My Tenants Give Me Rent in Cash, or a Check Made Out to Cash?
I have an angry tenant who is threatening to turn me into the IRS because I have a cash, or check made out to cash. policy for collecting rent. This apartment is in the basement of my home and tenants have to walk thru my mud room / laundry to get to the apartment door. The rent is 50 a month. Would the IRS take such menial case on as this?