Comment on Is someone safe if they report income from illegal means to the IRS?

• Potatos_are_not_friends@lemmy.world ⁨10⁩ ⁨months⁩ ago

  If it looks extremely questionable, like you’re a life coach in Alabama and made 380k, it’ll raise a lot of flags.

  • Do you have a paper trail?
  • who pays for life coaching in cash? And 100% of customers?
  • Life coaching in Alabama and you made that much? " Is there also some business presence like a website?

  There’s more things to consider. I say that as a person who has to set up my own company to protect myself when I got freelance clients, and complicated the hell out of my taxes.

  source

  • Maeve@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

    Root Doc Buzzard.

    source
• Kolanaki@yiffit.net ⁨10⁩ ⁨months⁩ ago

  Probably why fronts are often restaurants. They would have lots of money going in both ways.

  source

  • Maeve@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

    Or car washes? Night clubs maybe.

    source

    • jpeps@lemmy.world ⁨10⁩ ⁨months⁩ ago

      Laser tag is actually the best option.

      source

      • Maeve@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

        Oh?

        source
    • kmartburrito@lemmy.world ⁨10⁩ ⁨months⁩ ago

      There’s always money in the banana stand

      source
• slumlordthanatos@lemmy.world ⁨10⁩ ⁨months⁩ ago

  That is a pretty good explanation of money laundering, actually.

  source
• ArmokGoB@lemmy.dbzer0.com ⁨10⁩ ⁨months⁩ ago

  I was looking into doing some mutual “consultant work” with a friend to make it look like I had an income. The taxes wouldn’t have made it viable though.

  source