Quote:
Originally Posted by Rochard
Again, you are missing my point. You would have the bill of sale. But when the IRS sees you own a $50k boat that you don't have a loan for and didn't write a check for..... Then they will have questions.
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yup, I remember the movie "Say Anything" and the IRS guy telling the daughter to look around her dad's house.. do you see a lot of nice things that are under $10k that he bought with all cash? He had a Wurlitzer Jukebox and tons of nice things.
Don't fuck with the IRS
I still carry $200 in cash just in case I need it. I hate my small town gas stations only take cash for lottery.