Tax Checksincome
My e-transfers - income or reimbursement?
This distinction decides whether money is taxable or not.
Is this you?
- I received e-transfers related to work or services
- Some transfers were reimbursements, others were payment
- I didn't separate or label them clearly
"E-transfers are personal, not income."
The payment method doesn't matter - the purpose does. Payments for services or products are generally income.
Why guessing is risky
- Mixed transfers often trigger questions during reviews
- Reconstructing intent years later is difficult
- Clear categorization reduces follow-ups and penalties
Safe to ignore if
- All transfers were gifts or reimbursements
- Business and personal transfers were clearly separated
Stop and check if
- Any transfer was payment for a service or product
- I can't clearly separate reimbursements from income
Resolve the doubt
Check my e-transfer risk (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people discover a simple classification rule that prevents future disputes."