And a possible prison stay. Actually, if you'd buried your cash in the backyard you'd instantly be a criminal if caught. If caught, you'd have to prove it didn't come from illegal activities. Since I doubt you'd have kept sufficient records for the gov'ment, it would all be confiscated until you could prove where each dollar came from. That's Homeland Security.
They prefer you keep your cash where they can use it before they devalue it for you.
Yeah I already went through that drill when I bought the house I'm living in .Even if you have it in the bank you have to prove where it came from if you draw out a large amount .
I've dealt with the IRS and can honestly say they aren't that bad .Of course there are exceptions to every rule .
Now here's one .There used to be the urban legion that if you withdrew or deposit in excess of 10 grand it threw up a red flag to the IRS .Not neccessarily so .
A person I know auctionere bought a chunk of land in Ohio ,about half a millon dollars worth .Payed it off over the course of less than a year ,9900 bucks at a time .Now the cheese gets binding he has to prove where it came from ,auctionere is the key word here. Orwille was right when he wrote the fictional works of "big brother " he wasn't so far off was he ?
