The Tender For Law

Volume 1

Apr 09, 2013 12:19 PM

Scott Duncan

YES! That's INCOME. If you have a record of having been PAID "income" (your employer) but no record of a DEPOSIT then it's TAXABLE.

If you write FOR DEPOSIT ONLY in the "notes/memo" line of the cheque, then it is NOT taxable. It becomes...a DEPOSIT.