🔺 r/personalfinanceuTight-Brain-239·21 days ago
My boss pocketed my taxes and is now filing bankruptcy, what does this mean for me?
My boss came to me one day and asked if he could start paying me either with a check, cash, or Venmo. He said it was to avoid fees on Square. I said I didn't mind as long as everything was still on the up and up. I didn't realize how big of an issue this was at the time (he became a friend I trusted, I was going through hardships and was too depressed to realize) until I got my W2 for 2025 and my reported income was about $15000 short. But he still took out taxes from each paycheck even though they were not paid under my name. Once he stopped paying me through direct deposit from Square I stopped getting paystubs. He also didn't tell me my W2 was inaccurate so I found out after doing some tedious math and reaching out to an accountant to help me find the dollar amount of taxes missing which roughly comes to $3600. Anyways I confronted him about it and he knew was I was talking about and said my taxes were essentially counted as income for him but it's all good because I still got paid. Which it's not all good. After going back and forth he said he would figure out what to do and it wasn't with malicious intent. And that he needs to figure out the 2026 situation because I assume he…