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Has America really gone this low to assume someone with cash is a drug dealer or a whatever?
That's reality, very few people are making legitimate cash purchases in those amounts. If it's on the up and up you'll be fine. The feds will just want to know where you got that much cash especially if your reported income doesn't support it.
That's reality, very few people are making legitimate cash purchases in those amounts. If it's on the up and up you'll be fine. The feds will just want to know where you got that much cash especially if your reported income doesn't support it.
What will they say if you say you saved it up hidden in your mattress? Why do I even need to give an answer to their question? Is it guilty until proven innocent now?
What will they say if you say you saved it up hidden in your mattress? Why do I even need to give an answer to their question? Is it guilty until proven innocent now?
Because they need to make sure you paid taxes on that money. They dint care where you got it, they just want their cut
You can buy/spend your $20K in buying anything you like. The reality is that with the technology today and uses of data, large transactions are reported and tracked. If you have been paying your taxes and doing what you are obligated to do, no one cares. There is a virtual profile of you somewhere, computer system has programs that find things out of the norm and cause a trigger.
You can buy/spend your $20K in buying anything you like. The reality is that with the technology today and uses of data, large transactions are reported and tracked. If you have been paying your taxes and doing what you are obligated to do, no one cares. There is a virtual profile of you somewhere, computer system has programs that find things out of the norm and cause a trigger.
If you got nothing to hide, it's not an issue.
So, I was right guilty until proven innocent.
I don't care if the transaction is reported and tracked, but having the Feds show up and asking questions is ridiculous. If I want to save up $20,000 cash to buy a car that's my business, not theirs. (Note: I've already been taxed on the money because I paid taxes all along, and the $20,000 includes taxes and fees too.)
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