How much money Can I save up before I have to put it in the bank to avoid the IRS and the Dumb tax laws?
I want to save money but I dont trust banks. How much money can I keep at home in a safe before its tax ivasion?
Related Items
- How much money does a normal british/uk high street bank hold? And is there a limit to how much they hold?
Im not planning a bank robbery or anything so dont worry!! Lol! Its just purely out of interest,just wondered. ... - How much less than the listing will banks usually take for a bank owned home?
How lenient are the banks on a home that the bank owns when people make offers? Are they usually willing to drop a lot? ... - How much money should I save up before I move to atlanta?
I'm currently at $2,000 and I know that is not gonna last if I move with that much. On the average of money I need to move, not including plane ticket... - How much money can you make before you need to become incorporated?
I am thinking about starting a small event/party planning business. In the beginning I will not be making much money...it will definitely not be enoug... - How much money does it cost to start a savings account at Bank of America?
How much money does it cost to start up a savings account and how much money always has to be in your savings account. At my old bank it cost $5 to st... - How much money would i need to save up for black friday?
I'm in high school and i'm hoping to go shopping this black friday and i was wondering about how much money would i need to save up in order to shop o... - What kind of account and at which bank should I put the money I want to save?
I'm in college and have a part time job. I've decided that I want to open some kind of account from which I can not take money out of for a certain p... - How long does a bank have to realize it made an error in my favor before I get to keep the money?
The circumstances are too drawn out to explain here, but my bank ended up depositing nearly $450 into my checking account that it shouldn't have. I f... - What is the maximum amount of money that can be withdrawn a bank w/out prior notice?
I want to pull $3,500 out of the bank to buy a bike but, I want to make sure that I don't have to ask them in advance due to not getting off work unti... - How much can a bank charge for late fees on a mortgage loan?
I made a mortgage loan payment after the due date which the bank charged me a $50.00 late fee. That is cool. I expected it. They claimed I skipped a ... - How long should you give a bank to respond to offer?
We have made on offer on a home that is in the process of foreclosure. The Selling agent ordered a HUD1 statement and supposedly submitted to the len... - how do i get a grant for business and restaurant where do i start first do i get a loan from the bank?
i need help to starting a restaurant business i dont have no money for nothing i dont no how to get a business grant some body tell me shounld i get a... - what is the risk borrowing home loan from a small and new bank?
I am having a traditional loan application with a big bank. I just found a small bank in Florida, founded in 2004, is offering better rate and cost co... - How much money can you withdraw from a bank?
Say like you were a billionaire or someshiit, and you wanted to withdraw £1billion from the bank. Are you allowed to have it handed to you from over t... - How can we receive the money before the promissionary notes due?
Is there any other ways how can we get the money from the bank before the promissionary notes that were issued by the customer due? ...
July 30th, 2010 at 3:09 am
You can keep as much money at home as you want to. Keeping money at home has nothing to do with tax evasion. Tax evasion is when you earn money and don’t report your income to the IRS.
Keeping all your money at home, on the other hand, is a really stupid idea. Even if it never gets stolen — what would happen if there is a fire?
July 30th, 2010 at 3:15 am
“keeping” money, at home or elsewhere, doesn’t generate taxes; EARNING money does. Keeping cash stashed anywhere is a dumb idea.
July 30th, 2010 at 4:09 am
Huh? There’s no law limiting the amount of money you can keep at home in a safe.
If it’s income that you aren’t reporting, then it’s tax evasion from the first dollar, no matter where the money is.