Cashier’s Check Fee And Rent - Tom?

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  • CrackerJacks
    New Daycare.com Member
    • Nov 2012
    • 260

    Cashier’s Check Fee And Rent - Tom?

    So, my landlord has asked/requested if I could start paying rent via a cashiers check, written out to "cash". Now, this is only a request and I understand the law in CA states I cannot be forced to pay cash unless I have given bad checks in the past (which in 6yrs has Never happened). I currently directly transfer through my bank the rent payment directly.

    Now, my question is....if I decide to do this (which I am very Leary of doing) I would first make sure I obtained a notorized letter requesting payment be made this way and of course get a receipt after every payment. But what about the fee my bank charges per cashier check ($10)? Can I deduct this fee on my taxes as "rent" since I am being requested to pay this way?
  • BrooklynM
    Provider
    • Sep 2013
    • 518

    #2
    I used to be in banking and I've never heard of a cashier's check being payable to cash. I think a cashier's check must have a payee. Even if the bank does it, I would never ever mail a check payable to cash. What if the check gets lost in the mail? If he physically picks up the check from you make sure you get a receipt from him each time.

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    • Familycare71
      Daycare.com Member
      • Apr 2011
      • 1716

      #3
      I would not send a form of payment in the mail I couldn't prove I sent or it was received.
      If you pay in person tell him you will pay in cash with an immediate receipt or in cashiers check with the $10 removed from the rent amount- with an immediate receipt.
      If you do the cashiers check get a letter stating that is acceptable.

      Comment

      • CrackerJacks
        New Daycare.com Member
        • Nov 2012
        • 260

        #4
        I would never send it via mail. He would have to physically come pick it up.

        Comment

        • CrackerJacks
          New Daycare.com Member
          • Nov 2012
          • 260

          #5
          But do you think I can still apply that $10 fee to my taxes (t/s%)?

          Comment

          • TomCopeland
            Business Author/Trainer
            • Jun 2010
            • 3062

            #6
            cashiers check

            Originally posted by CrackerJacks
            So, my landlord has asked/requested if I could start paying rent via a cashiers check, written out to "cash". Now, this is only a request and I understand the law in CA states I cannot be forced to pay cash unless I have given bad checks in the past (which in 6yrs has Never happened). I currently directly transfer through my bank the rent payment directly.

            Now, my question is....if I decide to do this (which I am very Leary of doing) I would first make sure I obtained a notorized letter requesting payment be made this way and of course get a receipt after every payment. But what about the fee my bank charges per cashier check ($10)? Can I deduct this fee on my taxes as "rent" since I am being requested to pay this way?
            Yes, the $10 bank fee is a business expense (use your time-space %). I wouldn't pay this unless the rent is reduced by $10. They can't require you to pay a bank fee to pay your rent. I also share the concern about getting a receipt for all payments.
            http://www.tomcopelandblog.com

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