Do the regulations require that such fees must be ‘honest’ ie be for actual work and proportional to the market value of that work?
Are the fees declared to the IRS and all relevant taxes paid?
No need to answer (it’s your private business), but just because petty abuses are common and rarely caught doesn’t mean they’re legitimate business practices.
Are the fees declared to the IRS and all relevant taxes paid?
No need to answer (it’s your private business), but just because petty abuses are common and rarely caught doesn’t mean they’re legitimate business practices.