this post was submitted on 15 Sep 2024
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Is it normal to pay cash for rent in the US? I've always done it by bank transfer, set up to pay automatically on the agreed date..
Seems like a great way to perform tax fraud.
Greater opportunity, yes; however, cash is still legal tender in the US and it used to be illegal to not accept it as payment (this may have changed). And, as the payer, make sure you get a receipt so they can't screw you and if the landlord doesn't pay taxes, you're not culpable - it's their responsibility, not your's.
Cash is fine. The receipt is important, though, for a number of reasons. Not many people are going to go withdraw $1,100 just to pay rent, unless they're getting a discount for cash, which is a good indication there's some tax dodging going on.
Even if you trade sex for rent, get a receipt saying you paid your rent.
I don't know about rent, but an increasing amount of the retail industry no longer accepts cash.
It’s kinda funny seeing some places that don’t accept cash, and others that charge as high as a 4% fee (that I’ve seen)?for using a credit card.