<prompt> Human: Im considering taking a job that pays entirely in cash. Ive heard that i can file a 1099, but I still have my concerns. Am I more likely to be audited? Would I no longer be adding to my Social Security? Any other cons i havent considered? Any information would be greatly appreciated.  <response>: If you are paid in cash, no taxes will be withheld throughout the year so you will be fully responsible for paying them yourself on a quarterly basis. A portion of the taxes you pay the self-employment tax will go towards Medicare and Social Security.Unless this job pays REALLY well, I would look for a different one. 