Is it really illegal for US companies to pay their employees in cash or cheques? | Hacker News

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		direwolf20 12 hours ago \| parent \| context \| favorite \| on: Y Combinator will let founders receive funds in st... Is it really illegal for US companies to pay their employees in cash or cheques?

ghc 8 hours ago [–]

It's not illegal to pay W-2 employees in US currency as long as you satisfy IRS withholding and reporting requirements. Paying employees in non-currency assets (gold, crypto, etc.) is highly regulated since it's often used as a tax-evasion scheme.

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