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Anonymous

$$$
    #1797737 - 08/10/03 11:28 AM (13 years, 9 months ago)

i've got a bit of... ahem- untaxed income coming in. what kind of bank deposits, purchases, etc, would have to be made in order to raise eyebrows at the IRS?

if you're making money, which is not (and cannot be) claimed on taxes, what's a safe way to save\spend it?


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OfflineDellComputers
Bluntman

Registered: 04/15/03
Posts: 806
Last seen: 10 years, 9 months
Re: $$$ [Re: ]
    #1797779 - 08/10/03 11:57 AM (13 years, 9 months ago)

Deposit small amounts into already existing accounts. Dont open a new account for the money. Spend the cash, dont use checks or credit cards. I dont really know but that seems to make sense.


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:stash: + :bong: = :smile:


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Anonymous

Re: $$$ [Re: DellComputers]
    #1797782 - 08/10/03 12:00 PM (13 years, 9 months ago)

yeah... i'm just gonna use it as spending money mostly i guess... cash to buy food, gas, clothes... maybe save some as cash.

i'm just wondering what amounts i'd have to start putting towards large, tracable purchases (rent, utilities, car payments, etc) to make someone suspicious...

i don't really know anything about this sort of thing... it's probably nothing to even worry about in the amounts i'm talking about... but i just want to be sure.


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OfflineDellComputers
Bluntman

Registered: 04/15/03
Posts: 806
Last seen: 10 years, 9 months
Re: $$$ [Re: ]
    #1797813 - 08/10/03 12:14 PM (13 years, 9 months ago)

yeh i dont know much either, but id imagine if u wanted to be discreet about it, you should stick to cash.


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:stash: + :bong: = :smile:


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Offlineshakta
Infidel
Registered: 06/03/03
Posts: 2,633
Last seen: 13 years, 10 days
Re: $$$ [Re: ]
    #1797815 - 08/10/03 12:16 PM (13 years, 9 months ago)

If you make a large purchase such as a car or motorcycle with cash, it will be reported to the IRS. Large cash deposits at a bank work the same way. As long as your accounts don't have a lot more money than you make, and you don't buy large ticket items that you could not normally afford you will be fine.


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InvisibleAutonomous
MysteriousStranger

Registered: 05/10/02
Posts: 901
Loc: U.S.S.A.
Re: $$$ [Re: ]
    #1797870 - 08/10/03 12:44 PM (13 years, 9 months ago)

Buy classic cars off of private parties for cash, create receipts to record the sales at amounts substantially less than the actual amounts (being careful to keep the dollar figure realistic for something that needs to be restored). In California, you can buy and sell up to (I think) 6 cars per year before you need a dealer's license.

I would also recommend getting a lot of tattoos, a Harley and a steady supply of hookers and whiskey till the money runs out.


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"In religion and politics people's beliefs and convictions are in almost every case gotten at second-hand, and without examination."
-- Mark Twain


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Invisibleluvdemshrooms
Two inch dick..but it spins!?


Registered: 11/29/01
Posts: 34,186
Loc: Lost In Space
Re: $$$ [Re: ]
    #1798092 - 08/10/03 02:22 PM (13 years, 9 months ago)

You don't want to do your civic duty and pay taxes on this money?

I'm dumb with astonishment and amazement which borders upon stupification!


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You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers


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InvisibleXibalba
Stranger
Registered: 05/14/00
Posts: 2,114
Re: $$$ [Re: luvdemshrooms]
    #1798150 - 08/10/03 02:49 PM (13 years, 9 months ago)



Edited by Xibalba (09/30/05 02:20 AM)


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Invisiblecarbonhoots
old hand

Registered: 09/11/01
Posts: 1,351
Loc: BC Canada
Re: $$$ [Re: Autonomous]
    #1800130 - 08/11/03 01:36 AM (13 years, 9 months ago)

Quote:

would also recommend getting a lot of tattoos, a Harley and a steady supply of hookers and whiskey till the money runs out.




Your on that one already right?

Not talking about it on the internet would probably help too.


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  -I'd rather have a frontal lobotomy than a bottle in front of me

CANADIAN CENTER FOR POLICY ALTERNATIVES


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