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re: How much cash can you deposit without being flagged by IRS?
Posted on 7/14/22 at 6:04 pm to bdavids09
Posted on 7/14/22 at 6:04 pm to bdavids09
Looks like I missed the fun.
So I'll go with...
What kind of deal are you running where you sell 30K of inventory items for actual cash? Not a check, not a wire, but actual cash.
Was this all to one buyer? Multiple buyers?
Did you require they pay in cash?
As long as you have the receipts and paper trail, yeah the bank will file a report but who cares. If it's legit, it's legit.
I'm more interested in the sales transaction.
So I'll go with...
What kind of deal are you running where you sell 30K of inventory items for actual cash? Not a check, not a wire, but actual cash.
Was this all to one buyer? Multiple buyers?
Did you require they pay in cash?
As long as you have the receipts and paper trail, yeah the bank will file a report but who cares. If it's legit, it's legit.
I'm more interested in the sales transaction.
1
Posted on 7/14/22 at 6:18 pm to LSUFanHouston
quote:
LSUFanHouston
I needed your help regarding S Corps yesterday Bubba.
This post was edited on 7/14/22 at 11:01 pm
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