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#1
07-06-2007, 01:10 PM
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Routinely depositing cash
I only work like 25 hours a week, and most of my income these days comes from poker.
For the most part I've been just keeping the cash on my desk but I don't really like having this much money sitting in my house. If I start depositing like $2,000 a week will the IRS come after me hard, or is it only if I spend it?(I don't spend much money) If I deposit it, withdraw it x months later, and start buying things will the IRS then come after me? |
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#2
07-06-2007, 01:14 PM
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Re: Routinely depositing cash
Loc: Bogota!
[ QUOTE ] I've been just keeping the cash on my desk [/ QUOTE ] Brilliant! |
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#3
07-06-2007, 01:28 PM
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Re: Routinely depositing cash
Report all your income and you won't have anything to worry about. If you are trying to cheat on your taxes, you deserve everything that's coming to you.
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#4
07-06-2007, 01:30 PM
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Re: Routinely depositing cash
Make it rain dollar bills at a local strip club. The IRS will never know.
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#6
07-06-2007, 01:46 PM
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Re: Routinely depositing cash
to answer your (rather ignorant) question, yes, if you deposit large amounts of cash into the bank and fail to report it to the IRS, it is quite likely you will be audited.
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