Tens of millions of workers will soon be getting W-2 tax forms. Included on that form is a lot of the key information that will determine whether you get a refund or will owe more to the IRS this year. And it also has three numbers you can use to improve your tax planning for the future.
When you get paid in cash, your income is out of sight from the IRS. But as the sad case of tax scofflaw Lindsey Lohan shows, thinking that you can avoid the tax man is not a smart assumption. And while Lohan's issues are extreme, anyone who primarily does business in cash will face the same ones.